• Education

Crain’s features Freelancers U seminar speakers

Two of Freelancers Union seminar speakers, who have presented on the topic of incorporating your business, were just featured in an article in Crain’s New York Business. Attorney Stephen Furnari and accountant Howard Samuels both offered advice on tax implications for choosing an LLC or an S corporation. Furnari said that, “If you're a solo entrepreneur making about $100,000 net a year, you could be losing $7,500 to $8,500 in tax savings” if you establish an LLC rather than another entity. Samuels explained that “In New York City, as an S corp, your profit is subject to an 8.85% tax.” To hear more of their pearls of wisdom, sign up now for the seminars they’re presenting this fall: • September 30, Legal Basics for Every Freelancer, presenter: Stephen Furnari • November 17, Tax Deductions and Quarterly Payments, presenter: Howard Samuels