Webinar: How to Start a Consulting Business
Leaving Corporate America to Become Self-Employed
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, the ways 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 needs to be considered 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?
Do you know someone interested in consulting after retirement? Share this with a colleague.