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View Full Version : Multiple Streams of Income - Business structure?


cmoorep
Feb 4, 2016, 01:08 AM
I am working on generating income from 4 different sources. What's the best way to handle this with regards to setting up a business structure (or businesses?) with regards to tax purposes? I'm located in Atlanta, GA. The income streams are as follows...


1. Graphic Design Contractor w-9 income
2. Online e-commerce business (reseller license required)
3. Blog income stream
4. Corporate Gifts business (reseller license required)

AtlantaTaxExpert
Feb 4, 2016, 04:19 PM
I assume "w-9" income is in fact Form 1099-MISC income.

Your business structure choices for TAX purposes are sole proprietorship, C corporation, and Subchapter-S corporation.

Each has advantages and disadvantages.

I would need to know a LOT more about your overall situation before making any recommendations.