How to Start a Consulting Business

Key Summary:  Between liability protection, self-employment taxes, reductions in Social Security income, and additional retirement savings plan opportunities, there are many financial complexities that need to be taken into account before starting a consulting practice. If you're not well-versed in the intricacies of self-employment, working with a team of experts can help ensure a solid foundation to start your business upon as you start your next venture.  

Information Last Updated: 6/13/2024

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Meet with one of our retirement experts to get your financial plan in place before setting up your consulting practice. 

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The experts at Willis Johnson & Associates have worked with hundreds of retirees to evaluate the financial implications of consulting after retirement. 

If you’re deciding whether or not to start your own consulting practice and want guidance and support to plan for your future, contact us. We’ll use our experience and expertise to weigh competing financial factors and create a strategy that fits your specific circumstances.  

Leah Cessna, CPA

Director of Tax

Willis Johnson & Associates is a registered investment advisor. The information presented is for educational purposes only. It should not be considered specific investment advice, does not take into consideration your specific situation, and does not intend to make an offer or solicitation for the sale or purchase of any securities or investment strategies. Investments involve risk and are not guaranteed. Be sure to consult with a qualified financial advisor and/or tax professional before implementing any strategy discussed herein. Corporate benefits may change at any point in time. Be sure to consult with human resources and review the Summary Plan Description(s) before implementing any strategy discussed herein. Willis Johnson & Associates is not a CPA firm.