Tuesday, June 26, 2007

How Donovan Keith became Donovan Keith Inc.

INCOMPLETE: MORE TO FOLLOW

To setup yourself as a business you need to follow these steps:
  1. Get an EIN from the IRS (irs.gov, keyword: EIN) or just use your SSN.
  2. Separate your business finances from your personal finances.
  3. File your taxes quarterly (?!)
Logging Expenses
  1. Amount
  2. Date & Time
  3. Location
  4. Business Purpose
  5. Business Relationship: (Client, ??)
Keep your records 3+ years.

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