I have a home based business, do I have to do a limited liability corp?

Question by Lisa A: I have a home based business, do I have to do a limited liability corp? I want to protect myself from people, but it is only a home based business. When do you or should you incorporate your business? If I have to incorporate where is the cheapest to do it… Continue reading I have a home based business, do I have to do a limited liability corp?

Q&A: Can i take deductions for a home based business beyond the revenue i brought in?

Question by mwright555: Can i take deductions for a home based business beyond the revenue i brought in? I under withheld in my regular full time job and owe alot in taxes…i have a part time home based business that i spent alot more on than i made, can i use deductions to offset the… Continue reading Q&A: Can i take deductions for a home based business beyond the revenue i brought in?