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Why Part-Time Freelancers Should Form an LLC
Americans are doing more freelance work than ever before. According to a recent survey from Upwork, 59 million Americans have done some freelance work during 2020 and COVID-19. Many of these part-time freelancers say that they want to keep doing freelance work or independent-contractor projects on the side into the future. The Upwork survey, called […]
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Americans are doing more freelance work than ever before. According to a recent survey from Upwork, 59 million Americans have done some freelance work during 2020 and COVID-19. Many of these part-time freelancers say that they want to keep doing freelance work or independent-contractor projects on the side into the future.
The Upwork survey, called “Freelance Forward 2020,” also found that American freelancers increased their earnings by 22 percent in the past year, 58 percent of professionals who started working from home during COVID-19 are now considering freelancing, and freelancers seem to be coping with the stress and challenges of the pandemic better than other workers. Freelancers report lower rates of COVID-19 having a negative impact on their financial health and overall well-being.
It seems that the economic uncertainty and job losses of 2020 have caused at least one optimistic result for American workers: more people are deciding to start a business. Recent data also showed that applications for employer identification numbers (EINs) rose significantly compared to 2019. Whether it’s a side hustle, a part-time gig, or an idea for a new full-time business, more Americans are using their skills and adaptability to earn money for themselves outside the confines of conventional full-time employment.
Even if you’re not a full-time freelancer and even if you don’t consider yourself a full-time business owner, you should still consider forming an LLC for your freelance work or side business. Here are several good reasons why forming an LLC can help protect yourself and your business income.
It lets you get a business bank account.
When you form an LLC, you get an EIN, which is a tax ID number for your business. This makes your business a legal entity that is separate from your identity as an individual person; that means your business can get its own bank account and build business credit under the business’s name.
Getting your own business bank account and business credit card can help you in many ways, such as making it easier to:
• Keep track of your business income.
• Keep accurate records of your tax-deductible business expenses.
• Pay for business expenses with your business credit card (this can help you save money on equipment, subscriptions, a new laptop, furniture for your home office, or any other necessary purchases for your business).
• Build business credit — start by getting a business credit card, if you qualify, and work your way up to qualifying for a small business loan or business line of credit.
• Save time and money during tax season — if you have a business bank account, it’s easier to make sure you are accurately reporting your business income and claiming all of the tax deductions that you qualify for; your accountant will thank you.
It separates your business and personal finances.
Even if you’re just doing part-time freelance work or side-hustle projects, you should still keep business and personal finances separate. Forming an LLC makes it clear to your clients that any work you are doing for them is being done as a business; it lets you sign contracts under your business’s name. In case there is a costly mistake, an accident causing injury, or a lawsuit that occurs against your business as a result of your freelance work, your LLC can provide a “corporate shield” that protects your personal assets from a lawsuit.
In addition to forming an LLC, check out your options for business-liability insurance. No matter what kind of freelance work you do or what kind of industry you’re in, you might need business-liability insurance to protect yourself from the worst-case scenarios of being in business.
It can improve your professional image.
No matter what kind of freelance work you’re doing, whether it’s designing websites or mowing lawns, having an LLC as a legal business entity for your business can help make you look more “official” and professional in the eyes of your clients. Signing a contract under your business’s name, presenting a business card that has your LLC’s name on it, or creating a professional website for your freelance business that has the name and image of a real company on it — instead of just your own individual name — can be an image-booster.
Being a sole proprietor might not be good enough.
If you do not form an LLC, it is still possible to do freelance work and earn money as a sole proprietor. However, being a sole proprietor might not be the best fit for your overall business needs and financial goals. For example, as a sole proprietor, you cannot get a business bank account; any income earned will have to go into your personal bank account. You cannot build business credit because you don’t have an actual legal entity for your business. You cannot separate your business and personal finances in case of a lawsuit because you have no corporate shield.
When should a freelancer consider forming an LLC?
Not every part-time freelancer absolutely needs an LLC. If you are only doing a few simple projects for friends and family members on a cash basis, if you don’t think you would earn enough money from freelancing to pay for the costs of your state’s LLC filing fee, or if you are only freelancing on a temporary basis until you can start a new full-time job, and you never want to freelance again after that, then forming an LLC might not be necessary or worth the effort and expense.
However, what if you want to make freelancing an ongoing part of your life, want to be able to claim a significant amount of business-related tax deductions on next year’s tax return, and want to become a serious business that can potentially earn a good full-time income from your freelance work? Then forming an LLC for your freelance business might be a great start to a promising new career.
Ben Gran is a freelance writer who writes about entrepreneurship, technology, food, and other areas of great personal interest. This article was originally published on the blog of Incfile, a company which helps people create an LLC or other business entities.
Election Numbers Encouraging Sign for Democracy, Assembly Minority Conference
[November 3rd’s] historic election was the culmination of a truly remarkable effort from representatives at every level of government. Despite the ongoing COVID-19 health crisis, an enormous number of voters in New York state were able to safely cast their ballot and participate in our democratic process. Residents in New York should be proud
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[November 3rd’s] historic election was the culmination of a truly remarkable effort from representatives at every level of government. Despite the ongoing COVID-19 health crisis, an enormous number of voters in New York state were able to safely cast their ballot and participate in our democratic process. Residents in New York should be proud of their civic participation and commitment to shaping their communities through the important act of voting.
Here in the 120th Assembly District, I am again truly honored for the support and confidence the voters have placed in me. Representing the people of my home region will always be a distinct privilege, and one I will never take for granted. This has been an unprecedented year. Together we have overcome a great deal, we have accomplished a great deal, and I look forward to our continued work moving forward.
I am also extremely pleased with the turnout from supporters of the Assembly Minority Conference and our candidates. Our conference continues to grow and we will welcome at least 11 new members to our ranks. This was a tremendous accomplishment, especially considering the fact that our conference is typically out-spent by a 4-to-1 margin. I extend my congratulations to all of our new members, as well as all the other candidates and winners in this year’s election.
The results from this Election Day speak to the outstanding quality of character of our candidates, the great campaigns they ran, and all the hard work of their supporters and numerous volunteers. Results in districts across New York have reinforced what we already knew: our platform of lowering the cost of living in the state, reducing the tax burden on small business and middle-class families, fiscal responsibility, and a steadfast dedication to keeping our residents safe has resonated with voters in New York.
Now, more than ever, we must recommit to fiscal discipline and common-sense spending. As the state faces unprecedented fiscal challenges in the short and long-term, developing a transparent, prudent financial plan is the only way we will come out of the current economic climate solvent.
Further, as we move past the contentious election season, it is time to refocus and come together to do the people’s work. New members on both sides of the aisle must now get up to speed on the many issues facing New York. Our state is still marred by major economic uncertainties and the impact of COVID-19 is substantial. There is no shortage of work to do. I am confident, though, that together we will find workable solutions that account for the interests of all New Yorkers.
William (Will) A. Barclay, Republican, is the New York Assembly Minority Leader and represents the 120th New York Assembly District, which encompasses most of Oswego County, including the cities of Oswego and Fulton, as well as the town of Lysander in Onondaga County and town of Ellisburg in Jefferson County. Contact Barclay at barclaw@assembly.state.ny.us
President Trump was right about vaccine timing
President Donald J. Trump was ridiculed and scoffed at by bureaucrats at the FDA when he repeatedly stated that a vaccine was nearing completion, possibly by election day. [The Nov. 9] announcement by Pfizer Corporation that they have a vaccine that is 90-percent effective just six days past election day is proof that the president was right.
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President Donald J. Trump was ridiculed and scoffed at by bureaucrats at the FDA when he repeatedly stated that a vaccine was nearing completion, possibly by election day.
[The Nov. 9] announcement by Pfizer Corporation that they have a vaccine that is 90-percent effective just six days past election day is proof that the president was right. What is alarming is that it is also proof that FDA officials, who knew that the president was telling the truth, instead chose to feed the lie that a vaccine was in the far-distant future.
This is exactly the swamp that the president has been taking on, [and they have been] fighting back, using the media as their willing allies. It is also more evidence that President Trump’s Project Warp Speed was absolutely necessary to bring treatments, tests, and vaccines to market safely and rapidly — rather than bowing to the public-health bureaucrats, who would rather have people die than give up control over their fiefdoms.
…America needs to give President Trump the thanks for not hiding in his basement, but instead fighting the bureaucracy to allow America’s best scientists the opportunity to develop medicines and vaccines that save hundreds of thousands of lives that would have been lost to the COVID virus.
Rick Manning is president of Americans for Limited Government (ALG). The organization says it is a “non-partisan, nationwide network committed to advancing free-market reforms, private- property rights, and core American liberties.” This op-ed is drawn from a news release the ALG issued on Nov. 9.
Why an ACA Repeal is Bad for the Economy
The U.S. Supreme Court appears likely to uphold the Affordable Care Act (ACA), leaving the central aspects of the law in place. It’s a good move, not only for Americans’ health, but also for the economy. The ACA has been law for a decade now and provides affordable, government-subsidized health insurance to tens of millions
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The U.S. Supreme Court appears likely to uphold the Affordable Care Act (ACA), leaving the central aspects of the law in place. It’s a good move, not only for Americans’ health, but also for the economy.
The ACA has been law for a decade now and provides affordable, government-subsidized health insurance to tens of millions of lower-income and out-of-work Americans. Over this time, it has grown into a very popular program as it also provides expanded Medicaid coverage in the states and pre-existing condition protections for all Americans. The legal arguments before the Supreme Court are not only considered fundamentally shaky, but also are very poorly timed with the current state of the coronavirus pandemic throwing millions more Americans out of work and into a vulnerable position for their health-care needs. If this suit were to be successful, millions of Americans would lose their health-insurance coverage almost instantly. Also, states would lose about 10 percent of their annual state budgets in the form of revoked Medicaid payments and millions more Americans would lose critical protections against pre-existing health exclusions, lifetime-coverage caps, and essential health coverage such as maternity care.
Chris Orestis (www.retirementgenius.com) is president of LifeCare Xchange and a nationally recognized health-care expert and senior advocate. Known as a political insider, Orestis is a former Washington, D.C. lobbyist, who has worked in both the White House and for the Senate majority leader on Capitol Hill. He is author of the books “Help on the Way” and “A Survival Guide to Aging.” This op-ed is drawn from a statement Orestis issued on Nov. 10.

Fust Charles Chambers LLP has hired the following individuals as audit associates to help service the firm’s manufacturing, health care, not-for-profit, other professional service, and family-owned businesses. SANDY CHEN received her bachelor’s degree in accounting and master’s degree in I.S. from Le Moyne College. She is currently working to complete the examination requirements to earn
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Fust Charles Chambers LLP has hired the following individuals as audit associates to help service the firm’s manufacturing, health care, not-for-profit, other professional service, and family-owned businesses.
SANDY CHEN received her bachelor’s degree in accounting and master’s degree in I.S. from Le Moyne College. She is currently working to complete the examination requirements to earn her certified public accountant (CPA) license.
SEAN GONZALEZ received his bachelor’s degree and MBA in public accounting from SUNY Oswego. He is currently working to complete the examination requirements to earn his CPA designation.
JACQUELINE GREER received her bachelor’s degree in accounting and her master’s degree in I.S. from Le Moyne College. She is currently working to complete the examination requirements to earn her CPA license.
SARAH MATTICIO received her bachelor’s degree in marketing and accounting from SUNY Oswego. She is currently working to complete the examination requirements to earn her CPA.
KATHERINE VICAT received her bachelor’s degree in accounting and her MBA from SUNY Oswego. She is currently working to complete the examination requirements to earn her CPA license.

KIERNAN BRIGGS recently joined Dermody, Burke & Brown as an associate in the firm’s New Hartford office. He works in the tax department at the firm. Briggs received a bachelor’s degree in risk management and insurance and an MBA in professional accountancy from Utica College. Prior to joining Dermody, Burke & Brown, he interned in
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KIERNAN BRIGGS recently joined Dermody, Burke & Brown as an associate in the firm’s New Hartford office. He works in the tax department at the firm. Briggs received a bachelor’s degree in risk management and insurance and an MBA in professional accountancy from Utica College. Prior to joining Dermody, Burke & Brown, he interned in the tax department at the firm. He is working to complete the certification process to earn his designation as a CPA.

Bowers & Company CPAs, PLLC has named STEVE KELLEY an audit supervisor in the firm. With more than nine years of experience in accounting/auditing, Kelley joins the firm as an audit supervisor in the Syracuse office. His experience includes nine years at Firley, Moran, Freer & Eassa, CPA, P.C., where he started as a staff
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Bowers & Company CPAs, PLLC has named STEVE KELLEY an audit supervisor in the firm. With more than nine years of experience in accounting/auditing, Kelley joins the firm as an audit supervisor in the Syracuse office. His experience includes nine years at Firley, Moran, Freer & Eassa, CPA, P.C., where he started as a staff accountant and advanced to the position of in-charge accountant. Kelley received his bachelor’s degree in accounting from St. John Fisher College and his MBA from SUNY Oswego. He brings a broad range of industry experience, including in construction and working with financial institutions.

JAMES BLIGH has been promoted to branch manager of Pathfinder Bank’s Pike Block Office in downtown Syracuse. He joined Pathfinder Bank in 2018 as the assistant branch manager of the newly opened Clay office and held that position until this recent promotion. Bligh’s new duties will be developing retail and commercial business in the Syracuse
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JAMES BLIGH has been promoted to branch manager of Pathfinder Bank’s Pike Block Office in downtown Syracuse. He joined Pathfinder Bank in 2018 as the assistant branch manager of the newly opened Clay office and held that position until this recent promotion. Bligh’s new duties will be developing retail and commercial business in the Syracuse region, while managing the day-to-day operations of the branch. Bligh holds a bachelor’s degree in history from SUNY Brockport.
MORGAN FLACK has been promoted to residential mortgage lender at Pathfinder Bank. Her prior experience is in residential-loan processing, constriction loan management, and customer service. In this new role, Flack will originate residential mortgages and promote the financial institution and its lending services to the community. She will be based in the Pike Block office and will be working to grow residential mortgages in Syracuse and greater Onondaga County. Flack joined Pathfinder Bank in 2012 as a part-time teller and later began her career in lending in 2014 in the loan servicing department. She was promoted to closing coordinator in 2018 and held that title before her promotion to mortgage lender. Flack graduated from SUNY Oswego with a bachelor’s degree in biology and a minor in coaching.

JOSEPH S. CICCI has been named president of corporate apparel and government contracting for American Fashion Network (AFN). He is also CEO of his own private consulting firm, Javelin Strategic Consultants. Cicci is a 25-year C-suite industry veteran who has successfully created multiple B2B marketing models and served as an entrepreneurial consultant to institutional investment
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JOSEPH S. CICCI has been named president of corporate apparel and government contracting for American Fashion Network (AFN). He is also CEO of his own private consulting firm, Javelin Strategic Consultants. Cicci is a 25-year C-suite industry veteran who has successfully created multiple B2B marketing models and served as an entrepreneurial consultant to institutional investment firms in the decorative supply chain industry. Cicci will be helping Jackie Wilson, founder and CEO of AFN, which produces corporate apparel. Cicci holds a bachelor’s degree in political science and history from Hobart & William Smith Colleges.

C2C Construction Solutions LLC
PHIL ALLEN has joined C2C Construction Solutions LLC as an estimator/project manager for the Butler Building and Renovations Departments. He previously owned Allen Construction, which he managed for seven years as a contractor/owner. Prior to owning his own business, he worked as a project manager for National Building & Restoration Company in Utica. TAYLOR
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PHIL ALLEN has joined C2C Construction Solutions LLC as an estimator/project manager for the Butler Building and Renovations Departments. He previously owned Allen Construction, which he managed for seven years as a contractor/owner. Prior to owning his own business, he worked as a project manager for National Building & Restoration Company in Utica.

TAYLOR ENGLISH has joined C2C Construction Solutions LLC as an estimator/project manager for the Custom Vacation Home and Renovation Departments. He previously owned English Contracting, which he managed for seven years as a contractor/owner. Prior to owning his own business, English worked as a project engineer for Hayner Hoyt Corporation in Syracuse and Murnane Building Contractors in Utica.
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