[M.D. Holloway]

I have started a ghostwriting project on the side that will pay fairly well – actually stupid good. I have to invoice my client. The work I do for Manufacturing.net is 1099 stuff as is the University gig. But for this project I stand to make much more but I was also considering how I could maximize my profits and take advantage of business write-offs. I’m not sure if I need the protection of an S or C corp but there may be tax benefits as well? If I put it under my wife’s name it would be a minority business. That’s gotta have some benefits right? I could go and get a tax ID number and set it up as a proprietorship. I placed a call into my accountant to get his take on it.

In the next few years I have plans to expand – doing more writing and even setting up some seminar series. What do you guys think is the best way to go?