Legal Status for Homepreneurs

[Herbsorion]

Hello,

I would like to know what kind of status i should put myself under, do to consultant job ?

A company wants to use my services and give me checks, but i don't know if i should just check them under my name or should i create a company,or .... ?

I am home based

Thank you,
Miles

[Herbsorion]

no homepreneurs around here ?

[noob]

It is always good to register a business to keep yourself protected in some way shape or form. Since you're consulting, most likely you will be claiming taxes on a 1099. You're going to want to register an LLC and an EIN for business purposes. Look into those.

[Herbsorion]

ok thank you

[Barkri12]

The higher your debt to income ratio is the less likely you are to qualify for a home. Based on your current financial status, if you were a banker, would you consider yourself a good credit risk? If not, why not?