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I don't know which project is going to make it and which is not; will be very painful opening companies for all of these. So I open one once something is doing
by anonzzzies 2y ago
I don't know which project is going to make it and which is not; will be very painful opening companies for all of these. So I open one once something is doing $5k+/mo only.
- adwn 2y agoThat doesn't really contradict my point. Create separate accounts as soon as you open a business, not as as soon as you create a new directory under ~/projects/.
- anonzzzies 2y agoYeah, so my entries under ~/projects are 'new' until $5k/mo, so that works.
- eadmund 2y agoThe pain and cost very much depend on one’s jurisdiction (hey, once upon a time it literally required an act of Parliament!). And there are levels to it, too. Absolutely, the first time one sets up a company one needs to hire a lawyer. But after that it’s more of a judgment call. $5k/month is $60k/year — I am not myself comfortable with the unlimited personal liability risk that brings without a company.
- anonzzzies 2y ago> $5k/month is $60k/year — I am not myself comfortable with the unlimited personal liability risk that brings without a company. Yeah, here that's not such a problem; I wouldn't do a LLC at all if it would not really help with selling it.
- croisillon 2y agoif you have a couple projects making a couple thousands a months, you could still open one company to manage those projects