ABSTRACT

Once you have established a relationship with an attorney and figured out the best structure for your independent business, the next member of your team should be an accountant. Accounting at its most basic is the process of keeping track of the money you earn and the money you spend as you go through the process of operating your business. There are two key elements of running a successful business as a free agent from an accounting perspective. First, keep business and personal expenses separate, and second, keep track of every dollar you spend or earn.