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- Apr 6, 2022
- 16
- 23
Looking into getting into freelance copywriting to be able to quit my current job, and help fund future projects. Been researching local As, trying to strike a balance between an accountant and a business Iawyer I can afford to work with, and that are worth working with. Kinda sketchy so far, especially since even with all the overtime I've been catching, I'm broke. So some questions for my fellow Canucks with relevant experience:
1 - how big a risk would it be to start as myself, without an LLC or anything? From the little I've gathered, I get that it exposes me to liability issues, but the small business accountants' quotes for opening an LLC & such is about in the $2K+ range. I'd much rather start hustling up some cash from clients, getting experience along the way, and save up doing that so I can start the LLC up. I'm especially curious how things I did as a sole proprietor would be treated if someone tried to sue me for them after I set up an LLC. Would I be protected, or would my personal assets still be at risk since whatever I'm being sued for was done before the business was an LLC?
2 - a Canadian billing foreign clients in their currency - how much of a pain in the a$$ is it? I figure being an online-only business, no point in limiting who I pitch - if a Brit has a gig for me and is paying in pounds sterling, why not take that? If I get a referral for a potential American client, why deny them my services? Anything I should keep in mind with all that?
3 - apart from taxes, anything I should keep in mind that might trip me up starting out? Some kind of special fee you need to write for folks in one province or whatever, or any other kind of BS you can think of.
Appreciate your time and advice.
1 - how big a risk would it be to start as myself, without an LLC or anything? From the little I've gathered, I get that it exposes me to liability issues, but the small business accountants' quotes for opening an LLC & such is about in the $2K+ range. I'd much rather start hustling up some cash from clients, getting experience along the way, and save up doing that so I can start the LLC up. I'm especially curious how things I did as a sole proprietor would be treated if someone tried to sue me for them after I set up an LLC. Would I be protected, or would my personal assets still be at risk since whatever I'm being sued for was done before the business was an LLC?
2 - a Canadian billing foreign clients in their currency - how much of a pain in the a$$ is it? I figure being an online-only business, no point in limiting who I pitch - if a Brit has a gig for me and is paying in pounds sterling, why not take that? If I get a referral for a potential American client, why deny them my services? Anything I should keep in mind with all that?
3 - apart from taxes, anything I should keep in mind that might trip me up starting out? Some kind of special fee you need to write for folks in one province or whatever, or any other kind of BS you can think of.
Appreciate your time and advice.
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