Salt Lake City, UT asked in Business Formation, Business Law and Tax Law for Utah

Q: Can I start a business entity that offers analytics services for free? Just for experience now, but may charge later on.

Hello! I would like to start a business entity that offers business analytics services and business process recommendations for free. I'm doing this because I want experience doing analytics and consulting not to make money right now. Is there a business entity I can set up that reports no income every year and not get scolded for it because it's just for experience? It would be fantastic to do this and already have a business in place that has a client base and positive reviews on the company's namesake if I wanted to start charging in the future.

1 Lawyer Answer
Wesley Winsor
Wesley Winsor
  • Tax Law Lawyer
  • Saint George, UT
  • Licensed in Utah

A: yes, you can provide free services to people. Tax returns are required for businesses and individuals who make income.

A simple business to set up would be a single member LLC.

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