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Posts by Jesse Vaughn65

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Starting an LLC: Where to begin? in Business, Accounting & Taxes ·
ruggedcyclist74 said:Your wife can certainly start her own company; she doesn't need to be registered as an employee of her own LLC since her primary employer is already covering her social security and tax withholdings, so she's free to work.
As for getting paid, if the work is just occasional, she could potentially pay herself through contract work, though most people simply distribute the profits the business makes during the year. You can also issue yourself quarterly profit distributions throughout the year...

If she does lose her job at the salon, she won't be eligible for unemployment benefits, and she'd essentially have to register herself as an employee within her own company to handle things.

I appreciate the insight, ruggedcyclist74. What’s the setup look like if I’m the one holding the ownership? In this scenario, we both have full-time jobs elsewhere, so we’d both be working for other companies while I act as the owner of this venture, which wouldn't have any other employees. Since I'm not in her field (she's a cosmetologist 🙂), she could work under my entity, and I could pay her through contract work when things pick up. Or, theoretically, she could volunteer her time initially, and then I'd just distribute the profits later on. Essentially, we just need a way to operate legally on a part-time basis while we build up the brand and test the waters. If it takes off, great; if not, we haven't lost much. We want to keep overhead low and stay completely off the radar of the IRS.

Thanks

Best,
Starting an LLC: Where to begin? in Business, Accounting & Taxes ·
Hey there,

I’ve been scrolling through these forums for a while now, but it’s finally hitting me just how much I don't know, so I’m reaching out to anyone willing to lend a hand.
Here’s the situation: my wife works full-time as an esthetician for a local spa, and we’re looking into the possibility of her starting her own LLC to take on private clients at home on the side. My understanding is that she could technically be the owner of her own business, and if she does that, she wouldn't necessarily have to worry about double-paying certain payroll taxes since they're already being covered by her main employer. But since she'd be working for herself, I'm a bit lost on the mechanics—how would she actually pay herself a draw or a salary while still drawing a regular paycheck from her day job?
Also, there's the "what if" factor. If her current employer were to let her go—God forbid—would she lose all access to unemployment benefits because she's technically a business owner? And would she then be stuck footing the entire bill for her company's taxes and overhead all on her own? Please set me straight if I've got this wrong.

Thanks,

Best,
Looking for a specialist... in Health ·
Hi there,

I was wondering if anyone could recommend a solid orthopedic surgeon at the Draskovic clinic for trauma cases. A physiatrist suggested I get an orthopedist to check out my hip, and since you don't need an appointment for trauma—you just show up—I’d really appreciate knowing which specialist is the best bet for a consultation.
The wait times at other hospitals are absolutely brutal, and things are getting pretty serious on my end. I've been dealing with this pain in my leg and hip for three months now, and it's reached the point where I can barely walk without relying on painkillers and crutches.

Thanks so much; any info or suggestions you can throw my way would be a huge help.

Best regards,