Need advice with side work, should I open a business

This post has been de-listed

It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.

Post Flair (click to view more posts with a particular flair)

Help

Post Body

I live in Massachusetts, I am a w-2 employee with a company for the past 17 years. I've been doing small side jobs and calculate I will be earning around 20k in side work for the year.

I subcontracted about half of that for a company and I know I will get a 1099 at the end of the year. I bought a dump trailer, a used truck, tools, paid for my contractors license, material, a storage shed ect.

Trying to plan the best course of action for the tax man should I open/ register a Llc so I can write off the expenses to offset set my earning.

I have lots of questions, who can I turn to for advice and guidance. Thank you in advance

Author

Account Strength

90%

Account Age

4 years

Verified Email

Yes

Verified Flair

Total Karma

2,094

Link Karma

297

Comment Karma

1,797

Profile updated: 5 days ago

Posts updated: 6 days ago

Glittering_Train_629

Subreddit

r/smallbusiness

Post Details

We try to extract some basic information from the post title. This is not always successful or accurate, please use your best judgement and compare these values to the post title and body for confirmation.

Posted: 5 months ago
Reddit URL: View post on reddit.com
External URL: reddit.com/r/smallbusine...