Search:

Type: Posts; User: RetiredMfr; Keyword(s):

Search: Search took 0.07 seconds.

  1. Personally, I think B2B would probably work best...

    Personally, I think B2B would probably work best for your cosmetics business. Getting a salon or spa as a customer will (hopefully) generate repeat business on a much larger scale. Consumers are...
  2. Let me start by saying that I am not an...

    Let me start by saying that I am not an accountant.

    Like you, I ended up owning part of an S Corp when my father gifted me a percentage of his shares. You won't need to separate the retained...
  3. Replies
    3
    Views
    56,014

    You might be able to get the insurance, but...

    You might be able to get the insurance, but establishing a business first will protect your personal assets. Otherwise, if the insurance doesn't cover a claim, you would be personally responsible for...
  4. I sold my company about 4 years ago, so I know...

    I sold my company about 4 years ago, so I know exactly where you are coming from. I ran our family business for about 20 years and was ready for a change.

    To answer your second question first, you...
  5. I think it's priced that way so you can do an...

    I think it's priced that way so you can do an "apples to apples" comparison on the cost of the space. Usually, people search for a specific amount of space to rent based on their needs, so given two...
  6. Thread: Restaurant

    by RetiredMfr
    Replies
    7
    Views
    14,659

    Maybe you could create a bonus for the kitchen...

    Maybe you could create a bonus for the kitchen staff based on meals prepared / total kitchen hours worked per week/month? You might be able to get more productivity from your current workers without...
  7. I'm pretty new here too, so I don't know how to...

    I'm pretty new here too, so I don't know how to activate notifications either.

    As far as your equipment purchase, I guess I should have asked about the cost too. You would probably look at things...
  8. I think it's a little hard to come up with a...

    I think it's a little hard to come up with a "reasonable number" without a little more info.

    1. Will the new equipment increase your sales and/or decrease your expenses at all? This would help...
  9. Replies
    4
    Views
    6,351

    The Department of State usually handles the...

    The Department of State usually handles the paperwork for starting a business. In Florida, it looks like that info can be found at:
    https://dos.myflorida.com/sunbiz/
  10. Maybe you should just sell them direct to the...

    Maybe you should just sell them direct to the public first to prove there is demand for the fixture. For example, in the video Keith Rucker says that he built something similar a few years ago but...
  11. Replies
    3
    Views
    57,814

    I don't see anything wrong with keeping the name...

    I don't see anything wrong with keeping the name Moja Yoga, however it does not seem to encompass all of the other services you are offering. I am sure your new website will list all of those other...
  12. Replies
    6
    Views
    7,566

    I would pay it out on the $900k. That is the...

    I would pay it out on the $900k. That is the bottom line profit of the company.
  13. Replies
    6
    Views
    7,566

    In this case, I think you are okay including...

    In this case, I think you are okay including those bonus payments in the year's expenses since the earnings are paid out the following year. I had a similar plan and my employees did not object to...
  14. Don't forget about liability insurance!

    Don't forget about liability insurance!
  15. Replies
    6
    Views
    7,566

    I agree with your Team lead. You said that you...

    I agree with your Team lead. You said that you exclude overhead from the bonus calculation and this bonus should be considered overhead as well. The team members don't control the bonus expense, you...
  16. I agree with Evan. My company was an S Corp for...

    I agree with Evan. My company was an S Corp for about 30 years and my accountant always had me pay myself a "reasonable" salary. Otherwise if (or probably when) you are audited, you will owe a ton of...
Results 1 to 16 of 16