I've been earning some part time money (received via a W-9) and I really do not want to pay a lot of tax on it. While I know my current arrangement won't last for too long, I figured more opportunities will eventually surface and, even if not, I might as well incorporate the family name so I can deduct business expenses for the foreseeable future.
1) I would love to hire a CPA to set it all up. Any good advice for pitfalls, expectations? What can I expect cost wise?
2) Since I seem to move every 1.2 years, does it matter what state I use to register the name? Can I just choose one to avoid state income tax? Do I have to have an address there.
3) Sole Proprietor, LLC, or what? Anything better for veterans?
I'm not looking to get very complicated, just something to knock the tax sting down a little bit... and help/advice/direction would be perfect. Couldn't find anything on this topic in the archives...
Appreciate it.