Good article. Tho' I believe the pros of owning your own business far outweigh the cons (my husband & I are both self-employed) it is important to realize it's not all a bed of roses.
Two clarifications regarding Myth#3:
1. Federal unemployment tax only has to be paid if you have employees.
2. Depending on where you live, you may also have to pay county and/or city taxes.
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