has anyone started an LLC

yeah i had an llc for a while doing engineering work. it’s super easy, you don’t really need a lawyer to start one. i would recommend an accountant, at least in the beginning. somebody that can give you sound advice about deductions and whatnot. also fyi, when your income is 1099s you need to make quarterly tax payments or you get penalized. also be aware that your social security tax will double, which is not an insignificant hit. just something to be aware of because it’s an unpleasant surprise to learn as you go like i did.

also don’t forget health insurance

yeah i was considering the social security thing too. my understanding is you get it back as a tax deduction but still, it’s a pretty significant chunk of change.

my adult job laid a bunch of people off yesterday and nobody is getting a raise/bonus this year or probably next so i’m going to be accelerating this process

2 interviews tomorrow for some senior level sre positions

well, i did it. now i have to start sourcing contracts i guess. i didn’t think this through very well.

how’s it going

From: Dylar at 2022-06-25 00:15:44
how’s it going

still sourcing a few things, i have some stuff in the pipeline already though. feels like this move way faster. I have a thing next week that’s a 1 and done.

got my bank accounts set up and ready to go. just need to figure out the tax stuff, gonna find an accountant and declare as an s-corp so i can draw salary and deduct that

feels like this is kind of a lifehack, but lots of minutia that can trip you up. but the flexibility is sick, it feels good to be able to say i’m really just working for myself.