My question involves business law in the state of: California
I'm a fresh out of college student who caught on at marketing firm as a 1099 contractor, primarily writing press releases, doing market research and soliciting media types. I was more than happy to take the work, not really understanding what I was getting myself into. Long story short, I'm going to be paid roughly $2000 a month and expected to work full-time hours.
Basically, I am an employee, but my boss isn't willing to pay the taxes.
As a new worker with student loans and rent payments, after withholding 33-50% for taxes, that leaves very little left over. I'm looking into trying to become a sole proprietor so I can write off as much as possible but need a little advice as to whether this is a good idea. Obviously, I want to be able to write off as much as possible, but with as little as possible input cost.
Any help you can offer me is greatly appreciated!