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  1. Do you know how much money you'll need? Are you...

    Do you know how much money you'll need? Are you looking for loans or equity investors? If you are looking for equity investors, you may not want to be an s-corp since investors usually don't want the...
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    I agree with the others; it sounds more like a PC...

    I agree with the others; it sounds more like a PC repair shop and would rather see the word "game" or "gamer" in there. But I am not sure it's "critical" to the success of your company. After all,...
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    It's really more of a legal question than...

    It's really more of a legal question than anything. An LLC owned by one person is known as a "Single Member LLC" and, by default, is taxed as a sole proprietorship which is the easiest from a tax...
  4. Mitch, when an LLC that is treated as a...

    Mitch, when an LLC that is treated as a partnership drops to one owner, it goes through a "technical termination" and reverts to a sole proprietorship automatically. You don't need to do anything...
  5. I would echo the other suggestions on QuickBooks...

    I would echo the other suggestions on QuickBooks but choose the QuickBooks Online (QBO) option. Intuit is putting most of their resources into QBO and it has a growing number of fetaures. You can...
  6. I'd be leery of responding to a telemarketer, FB...

    I'd be leery of responding to a telemarketer, FB ad or google search unless you already know about the lender and trust them. I would start with your own bank or look for local banks that do lending....
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    It totally depends on two things: your total...

    It totally depends on two things: your total income including the new business, and how your business is organized (sole prop versus s-corp, etc). If I had to guess, it should be a minimum 20% if you...
  8. Unfortunately, you cannot offset capital losses...

    Unfortunately, you cannot offset capital losses you've been carrying over against your business income (other than the $3000 loss/year that you can recognize). You can offset the losses only against...
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