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Tax Question
As most of you know, I am a free site, that gets much of my revenue from programs like Amateurpages, and several other programs.
Checks are send monthly, and I have been doing alright to say the least, but Im not sure if I am doing this right..
I have been saving all my stubs, saving all my expense recipts for webhosting, content, software, hardware, and everything else like I should..
But I am not incorporated. I am a one man army, and all the checks I recieve are to me and my personal account, and the expenses are all out of my own personal account also.
I do this full time, but wonder if it would be in my best intrest to incorporate? Am I doing anything wrong by doing what I have been doing, and what is the advantage of incorporating? Like I said do I really need to being I am the only employee of this soon to be company?
Also, friends of mine have been telling me to incorporate in Nevada.. I live in Oregon, but I have been told I can incorporate in Nevada even if I dont live there.. Advantage being state tax, and looser tax laws.. Anyone heard of this? Is it a good option?
Serious replies will be appreciated!
Believe it or not I have a masters degree in Health Care Administration and I cant even spell or figure out my taxes. Schools just arent what they used to be!! OSU BEAVER!
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Webmaster/Owner
www.boneprone.com
icq: 66883099
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