Yes a lot was for contractors. It’s about 50/50 pricing job and working by the hour. Depends on what I’m doing

@@cameronward7137 what is the going hourly rate? Ball park

First thing is make sure you have steady work lined up. People think buying the machine is the hard part when that’s actually the easy part. Keeping steady work coming in is the real challenge. Marketing your business and showing ppl what you can do and what you have to offer is key! Good luck!

No, that’s why an LLC is better than an INC, what you explained is the inc taxation.

@@henryoppermann134 I got llc then when I filed I got taxes for bizz n self. Then was reading and watching videos that s Corp just taxes bizz and not you when payself

The LLC gets taxed as a sub s Corp, you as an employee/ owner take what is left over as income distribution. Which you most likely loan back into the business, taking only what you need for living expenses. Talk with a tax advisor For the mechanics of it all. I had a couple LLC’s in my career.

@@henryoppermann134 oh no I understand it better. So I was only taxed once. Have to see why I paid twice? Thanks a lot. So llc better than s Corp?

@@adanr150 LLC is a liability veil with the taxation of an S corp, so two separate issues, the main benefit of which’s to acquire an investor later to foster growth based on a contract, rather then the traditional stock in proportion of ownership share distribution, leaving you much more flexibility, without the double taxation of the corporation, and then also as an employee. THe one thing to be careful of is the need to contribute to a retirement plan, if the company sale at a later date is not your retirement strategy. Sorry, hard to give a simple answer to a lengthy legal rationale.