I recently decided to start an LLC to move into freelance. The point of this is to travel the world while doing some work. My client network is large so finding work should be easy.
I was hoping that some more experienced people could share their hot tips, best practices, and pit falls to look out for. I’d be happy to look into some questions too!
I set up my company using MyCompanyWorks and have so far been super happy with their service. I have an accountant and a virtual office that will send me all my mail digitally.
I also have an accountant that takes care of the economy. So far, everything is feeling smooth!
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Legal stuff is annoying but important. If ur a single member LLC make sure you always keep record of everything you do, maybe even meetings with yourself to prove that you have a legit LLC.
Take tax deductions on everything you can. Even rent is 10-15% tax deductible if you do work there
Sweden.. :D
But quality is my main priority so it could take time! One of my friends did something similar - he trained graduates in Thailand for a few months and then started taking in work from US. 90% profit margin on their time!
Thanks!!
Let me know if still interested and I’ll share via message!