Smith Development Services, LLC

I started my own company yesterday. I have weird feelings about it. On one end I feel really excited. It seems like an enormous step that I just took. I am running my own company! I have the responsibility of putting it on my taxes. Reporting income and taking care of all the write-offs. On the other hand, it doesn’t seem like it is that big of a deal to very many people. Anybody can start up their own company with just a couple hundred dollars. I won’t be aggressively seeking work contracts and am just using the company to separate the income I receive from working for Electrotank.

I really want this to be a good move for me but worry that I am getting ahead of myself. I currently am an employee of Codernauts, LLC and will probably switch over to a contract basis this December or January 1. There are lots of advantages and disadvantages to doing this. I worry a lot. If I switch over to contract then I can’t be considered an employee. What happens if I need to get a loan or my credit needs to be verified. I don’t know how that affects it at all. But, nothing will change with the amount of income I will receive. Well, not much anyway. I should get paid about 7% more to cover the amount that Mike is currently paying. He is also pulling money from my paycheck for taxes. I would see all that money and just have to pay those taxes at the end of the year.

So, basically that is where I stand on that. I do have my own company and will use it to some extent. With any luck my Masters classes will pay off and I can grow and start making more use of this company.