How to Start a Consulting Business


Deciding to consult is an exciting business venture, particularly for retirees. After long careers, many corporate executives use their knowledge and decide to use their skills as consultants for additional income in retirement.

There are many benefits to starting a consulting practice — if you know what to expect. If you're not fully versed in the tax implications of being self-employed, how to protect your assets, and the rules around structuring self-employment benefits, you could potentially lose benefits and affect the savings you've built up over your career. In this webinar, we'll discuss what you need to consider before venturing out on your own, including:

  • Setting up legal entities to protect your consulting practice ⁠— Is an LLC the best choice? 
  • Establishing the business side of your consultancy⁠ — what are the different payroll, tax, and retirement plan options available to single-member businesses?
  • Making the most of the tax flexibility that comes with business ownership ⁠— What can you expect during tax season, what are the rules surrounding expenses and deductions, and how can you lower your tax burden through self-employment retirement account contributions?
You've worked hard to develop the skills needed for consulting. Let us walk you through the primary considerations and common mistakes of self-employment, so you can enhance, not hinder, your upcoming venture. Watch now by filling out the form. 


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