MisterBill
New Member
Hello everyone. I'm hoping to get some advice or direction. I'm leaving my captive company status after 18 months and looking forward to becoming an independent agent as soon as possible, 1 or 2 weeks.
However, working on a 1099 basis will not be tax friendly. I would like to create my own business entity such as an LLC or C-Corp. I will be contracting with an IMO that I have a great feeling about.
Does anyone have advice about the type of entity I should created or potential pitfalls to watch out for? My plan is to work as a business of 1 or 2 for the rest of the year but I do plan to recruit in 6-8 months, once I have my business model working well. Any guidance would be appreciated. Thank you.
However, working on a 1099 basis will not be tax friendly. I would like to create my own business entity such as an LLC or C-Corp. I will be contracting with an IMO that I have a great feeling about.
Does anyone have advice about the type of entity I should created or potential pitfalls to watch out for? My plan is to work as a business of 1 or 2 for the rest of the year but I do plan to recruit in 6-8 months, once I have my business model working well. Any guidance would be appreciated. Thank you.