Are you self-employed or a business owner?
Download our "2024 Business Owner Checklist":
Running your own business (including 1099 work) introduces different elements that aren’t always easy to factor into your personal financial plan. This checklist covers some key issues a business owner should consider when making financial planning decisions, such as:
- The effect running a business may have on one’s personal financial goals.
- The general tax implications of running a business.
- How certain tax planning factors may be coordinated (e.g., retirement plan contributions, certain deductions, hiring a spouse, specific business entities, etc.) to better suit one’s financial situation.
- Other areas (e.g., risk tolerance, insurance needs, financing issues, etc.) that may be affected by operating a business.