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26Jun 2020 by Jasmine

6 Legal Questions All Freelancers Should Ask — Conversation with a Freelance Lawyer

All blog posts, Freelancing, Getting Started

Michael Huseby runs the Freelancer's Lawyer website. He is a corporate attorney who built a freelance writing business while living in Colombia. Now, his mission is to combine his legal knowledge with his freelancing experience to help freelancers protect their rights. A native of the Pacific Northwest, Michael has lived in Washington, California, New York, Colombia, and Belgium. Since he's had experience as both a freelance writer and a freelance lawyer, we've invited him to answer some common basic legal questions you should ask before getting started. About Michael Briefly describe your freelance set up for us. M: Currently, I split my time between being an attorney and a freelance writer. On the writing side, I mostly write for clients in the health, business, and legal industries. I also do…

4 Best Ways to Save for Retirement as a Freelancer in 2020

All blog posts, Money & Taxes

When you leave your job to work as a freelancer, you gain a lot of freedom over your time and money. However, one of the main perks of many jobs is the option to contribute to a 401(k) retirement plan. When you leave a job, you can take what you’ve already contributed to your 401(k). But that doesn’t mean you stop saving for retirement. As a freelancer, your retirement savings are now your full responsibility. The good news is that you have several options to choose from. We’ll walk you through four different retirement options in this article. Afterward, we’ll show you how to calculate what you need to save based on your retirement goals. 1. Roth or Traditional IRA What is it? IRA stands for Individual Retirement Account. IRAs…

The Best Credit Cards for Freelancers in 2020 – Business and Personal Card Selections

All blog posts, Money & Taxes

It’s easy to think of freelancing as a gig or a job. But, if you are freelancing full-time, you are a small business owner. Your business is you. You and the services you offer. As a small business, there are a handful of benefits to getting a business credit card. Read through to find out our favorite small business credit cards for freelancers. And, as a bonus, check out some of our favorite personal credit cards at the end. Why you should get a small business credit card First and foremost, a small business credit card helps you separate your business expenses from your personal spending. As a business owner, you always want to have an idea of your expenses vs. your income. By opening a small business card, you…