Monday, March 8, 2010
Another day in paradise
In addition to being a subtle way to add income to your retirement, affiliate marketing also qualifies you for tax deductions from the Fed and State income tax. Correct me if I am wrong, but that would be another way to save money. You may begin as a sole proprietor and upgrade that standing as your business grows.
I had seen the term LLC many times but had no understanding what it entailed. The course I took today described it as more than a DBA but less than a corporation. The individual or individuals composing the LLC show the income on their personal returns. LLC stands for limited liability company. The owners are personally shielded from the company but unlike a corporation, the taxes are levied on the owners and not the LLC.
I've reached level 4 of 10 in my rating in affiliate marketing. By the end of tomorrow, I hope to be at level 5. In order to get to level six, I must have daily traffic to my website equaling 3000 hits or more. That could take some extra effort.
Have a good evening...................
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