Re: Self employment pitfalls ?
Do you do your taxes with TurboTax (or something like that?) If so, go through a re-calculate them based on your status as a sole prop. (Just make sure you do a "save as" with a NEW file name like "JUNK sole prop. stuff" or something.) That should give you a good idea where you'd be. (Dad always said 50% of Mom's income (after deductions) went to the government. She was self-employed as a piano teacher.) Everything I know about an LLC is that it isn't really worth the paper it's written on. A LLC is only worth what you're willing to pay a lawyer to defend it. Good luck!
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