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Old 05-08-2015, 07:40 PM
 
1,373 posts, read 822,947 times
Reputation: 2198

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You are self employed, running a business online with 2 employees total.

Business does >$100k net income

In which state would you consider the most self-employed business friendly to live?





everything I read gives different answers..LOL


http://www.governing.com/blogs/by-th...-rankings.html


http://www.scoopnest.com/user/busine...52034286223361


http://money.cnn.com/galleries/2007/...fsb/index.html

Last edited by eqttrdr; 05-08-2015 at 07:52 PM..
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Old 05-09-2015, 05:53 AM
 
21,207 posts, read 30,427,905 times
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Perhaps consider living someplace that you find suitable for your own interests (assuming they're there) that's either low tax, lost cost or both versus playing a numbers game that'll put you in a place that's not especially desirable to you.
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Old 05-09-2015, 06:04 AM
 
Location: Victoria TX
42,663 posts, read 74,336,032 times
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There are two different issues here. One, involving your own tax liability for your income as a resident of the state, and the other involving the fact that you have two hired employees working under state-regulated labor law.
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Old 05-09-2015, 09:59 AM
 
1,373 posts, read 822,947 times
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hiring no employees.. and if so any employees would be long distance.



thanks!
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Old 05-09-2015, 11:17 AM
 
Location: Victoria TX
42,663 posts, read 74,336,032 times
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In other words, you work at home, and get paid for it, and pay a couple of people under the table to perform some of your tasks? You'll have to be more specific about what you are doing, if you want any usable input about the fiscal consequences of it.
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Old 05-09-2015, 05:49 PM
 
1,373 posts, read 822,947 times
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huh? ... I am an online wellness coach who has ZERO employees other than myself.
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Old 05-12-2015, 01:52 PM
 
Location: Syracuse, New York
3,114 posts, read 2,528,207 times
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Quote:
Originally Posted by eqttrdr View Post
huh? ... I am an online wellness coach who has ZERO employees other than myself.
If you're not employing anyone, then you shouldn't bother looking at lists that punish states for having a high minimum wage.

You should just look at states that don't kill you on business or income taxes.
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Old 05-12-2015, 03:20 PM
 
3,280 posts, read 3,840,652 times
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I think Wyoming is #1 for business. A lot of Southern states like AL, Miss, SC, TN are set up well for business too.
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Old 05-12-2015, 08:43 PM
 
Location: Victoria TX
42,663 posts, read 74,336,032 times
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Quote:
Originally Posted by eqttrdr View Post
huh? ... I am an online wellness coach who has ZERO employees other than myself.
huh?
Quote:
running a business online with 2 employees total.
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