Posts by Michelle Barrett3

wearytrucker22 said:The second you open that sole proprietorship, you're on the hook for payments.
Social Security, both parts of it.
Medicare.
Chamber of Commerce fees.
Business taxes.
If you're running it out of your home or a warehouse, you'll have to register for commercial electricity rates and adjust your water utility tariffs.
And some businesses end up paying extra for things like:
Water districts, state forestry services, local utility levies, etc.

It doesn't matter if you're already paying Social Security and Medicare through your day job.

Just set up an LLC instead.$3.25 That’s the move for you.

I was at the Social Security Administration again yesterday, and they told me I don't have to pay anything extra if I already have a full-time job where my employer handles my Social Security contributions. Now I'm getting conflicting stories from everyone. I told them, anyone who's already running a sole proprietorship alongside their main job should weigh in here.

I wouldn't have started this thread if I hadn't been driven to distraction by conflicting information today. I’ve been Googling and searching everywhere, but one source says one thing while another says the exact opposite. I even called the Social Security Administration to ask if I'd still be liable for self-employment taxes if I already hold a full-time job with a steady employer who handles all my withholdings. The woman on the phone told me it was fine, as long as I provide proof of employment when setting up my sole proprietorship. However, when I tried to visit the office in person, they told me that wasn't possible—which completely contradicts what I read online. So, if anyone here has actually dealt with this or is currently in the same boat, please, I just need a straight answer. If I were to reactivate my old sole proprietorship, would I really be hit with extra tax obligations? It wouldn't be a high-revenue business; maybe a maximum of 10-15 $0.00 per year, and that's it. Thanks in advance.