I have a few questions since l've been wanting to start a small business myself. I'm still working on what type of business I want to get into - most likely car or computers related. However, sorting through all the small-business related legal stuff on the IRS website is a full time job in itself
1. Optional question, what type of business do you own and how long have you had it ?
2. I'm wondering what type of business structure (Schedule C, corporation, LLC etc) most small business owners are using ?
3. Do you have to file Schedule C once a yr or quarterly ? Also, do you need an EIN for sole proprietership ?
4. Do you use a personal accountant or do you do the taxes yourself ?
5. Anything else I need to be to consider or any other helpful hints suggestions etc ?
Thanks.