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Old 04-17-2009
Remote Synergy Remote Synergy is offline
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Company name: Remote Synergy
 
Join Date: Apr 2009
Posts: 22
Default Re: License - LLC or Sole Proprietorship
Kathya -

I am not sure if you are still looking for the answer to the salary question...

I am not an accountant so I just want to clarify that first...but I have freelanced a side job before (not as a VA) and had set up a sole proprietorship. I set up a bank account in the name of the sole proprietorship and then would do the same thing Kimberly did (transfered the money from the business account to the personal account). I just had to provide my cpa with the amount the sole proprietorship made each year and he would account for it on a 1099 as income (however taxes still needed to be paid on that income). Since a sole proprietorship is associated with your social security number...I think that is what makes it fairly easy to account for.

Hope this helps.

Kelly
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