Running your own business, or working as an independent contractor, introduces unique elements that can be difficult to factor into your personal financial plan. Some of the common issues that a business owner or independent contractor should consider are included in the checklist below:

• Ways your business ownership may impact your personal financial goals
• General tax implications of operating a business
• How certain tax and retirement planning factors may be coordinated to improve your financial situation (e.g., retirement plan contributions, certain deductions, choice of business entity, etc.)
• Other areas that may be affected by business ownership like investment risk tolerance, insurance needs, and financing issues.

What Issues Should I Consider As A Business Owner Or 1099 Worker?

While checklists and flowcharts can help you identify different opportunities, we are always available to meet with you to discuss your financial needs and goals, and to help identify what the best opportunities are for you.

 

While checklists and flowcharts can help you identify different opportunities, we are always available to meet with you to discuss your financial needs and goals, and to help identify what the best opportunities are for you.

This content is provided by Windward Private Wealth Management Inc. (“Windward” or the “Firm”) for informational purposes only. Investing involves the risk of loss and investors should be prepared to bear potential losses. No portion of this blog is to be construed as a solicitation to buy or sell a security or the provision of personalized investment, tax or legal advice. Certain information contained in the individual blog posts will be derived from sources that Windward believes to be reliable; however, the Firm does not guarantee the accuracy or timeliness of such information and assumes no liability for any resulting damages.

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