[nabentre] setting up a partnership or LLC

[Ted Shelly]

Cindy,

Something like that should be possible, but you should probably get
professional legal advice.

Keep in mind that if you are an employee, the company must pay payroll
taxes, withhold income tax, etc.  This is why many small companies have no
employees at all, only partners, shareholders and contractors.  Our
government has made these things very complicated.

Best of luck.

Ted

-----Original Message-----
From: nabentre-bounces at nfbnet.org [mailto:nabentre-bounces at nfbnet.org] On
Behalf Of slery
Sent: Friday, May 15, 2009 7:32 AM
To: 'NFBnet NAB Entrepreneurs Mailing List'
Subject: [nabentre] setting up a partnership or LLC

Is it possible to set up a partnership with a family member that would then
allow me to be an employee and have the company pay me a check?

My concern is that as a sole proprietor my income will vary each month and I
do not want lose my SSDI totally. If have a job that pays me $2000 one
month, and then the next month a few jobs that only net $1500, it would be
really hard to pay my bills and cover a medical policy.

I'm trying to make sure that I line everything up properly before I plunge
ahead.

TIA,
Cindy



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