I can forecast that I will be asked to consult in my area of expertise after I retire. What are the pros and cons of setting up my own consulting business after retirement? Is it better to have a small business front or to just take the income as part of my personal income? I have been searching for information and cannot find any leads. Any help appreciated.***Mike, if you are going to be making money in your consulting enterprise, unless it is a hobby, you will be in business for yourself. You'll want to check with your municipal officials to discover what kind of license or zoning requirements exist.An excellent resource, for those contemplating entering the business world, is "The Business Owner's Toolkit" which you may access at keyword CCH. If you need more, c'mon back and we'll try to qualify the points you may not understand. Good Luck!BTW, my mother is 90, has at least 93 grand and great-grandchildren. Her advice to anyone, and everyone ('n that's alot), is that one should never retire. Iguess that rubbed off on me. At seventy I am more committed, and consumed, by my occupation than I ever was in my earlier years. Enjoying every minute of it, thank you!!=:)"Jack"
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