Self-Employment & Business Ownership Issues
Self-employment introduces unique elements that can be difficult to factor into your personal financial plan. Download our Business Owner and Independent Contractor Guide.
Running your own business or working as an independent contractor brings unique challenges that can impact your personal financial plan. It’s important to understand how your business ownership affects your personal goals, taxes, and retirement planning.
Business owners should consider tax implications such as deductions, business entity choice, and retirement plan contributions, as these can work together to improve your overall financial situation. Additionally, owning a business can influence your investment risk tolerance, insurance needs, and financing strategies.
By addressing these factors holistically, you can create a financial plan that supports both your business and personal success. This thoughtful approach helps you manage risks, optimize taxes, and align your long-term financial goals with your business ambitions. We’ve created a comprehensive self-employment checklist to help guide you.
Download our Business Owner & Independent Contractor Guide here.
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 help to identify what the best opportunities are for you.
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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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