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Your personal financial plan when running your own business in New York

Running your own small business (including 1099 work) introduces different elements that aren’t always easy to factor into your personal financial plan.

With this guide you will be able to better navigate these different elements and find more ways to tie them in with your personal financial goals. This checklist covers some key issues a business owner should consider when making financial planning decisions, such as:

  • The effect running a business may have on one’s personal financial goals.
  • The general tax implications of running an NYC business.
  • How certain tax planning factors may be coordinated (e.g., retirement plan contributions, certain deductions, hiring a spouse, specific business entities, etc.) to better suit one’s financial situation.
  • Other areas (e.g., risk tolerance, insurance needs, financing issues, etc.) that may be affected by operating a business.

Running a small business in New York comes with its fair share of challenges – but you don’t have to navigate them alone. We’ve put together a free PDF outlining the top 3 challenges every small business owner faces in the city – and practical ways to tackle them. Grab your copy today and get a head start on making your business thrive!”