I'm looking to make a substantial income without hiring single employee? I am ok with freelancers but not with employees. If yes, what are those businesses?

Um, what are you passionate about? What are your natural abilities and talents? What knowledge and skillsets have you developed to support a new business venture? What market need are you looking to address?

These elements are most critical in determining what type of business you wish to create. Because regardless of whether you have employees or use contractors, those are the things that are going to push you through to daybreak when it’s 2:00am and you have a huge presentation in seven hours.

Otherwise, if you’re in the U.S., be cognizant of IRS rules about employees and contractors – many good businesses have been tripped up on this issue and struggled with the resulting tax burden.

Good luck and let me know if you need more assistance.

Answered 4 years ago

Unlock Startups Unlimited

Access 20,000+ Startup Experts, 650+ masterclass videos, 1,000+ in-depth guides, and all the software tools you need to launch and grow quickly.

Already a member? Sign in

Copyright © 2020 LLC. All rights reserved.