Ok I really dont know what to do here and I think my situation is a little unique. So maybe some one can help me.
So few months ago I took some time off from school and started a some freelancing web design and software development but now it is generating a couple thousand a month to make me start thinking about taxes. Currently I am getting checks from my clients on my personal name I am possibly thinking about getting an LLC so i can get some tax breaks and can claim some expenses on the taxes but I really dont want to LLC yet either because I think i might go back to school in a few months. So here is the other part.
My dad already has a business that he runs and is an LLC and he is willing to let me have my clients write checks on that business name. Is that a good idea. I am ok with all my checks going to my dad and his business. how does this affect his taxes and things like that? even though i will be the one handling all the clients and things. will my dad have to put me on as an employee on his business name or can i still run mostly everything and then just have him claim the expenses that i occur as expenses he incurred?
Any advice on this would be great. oh and if it helps i am in florida.
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