Hi kind of agree with Harold, if the other person does not have a special skill set that lends itself to the creation of operation of the business then I am not sure 50 / 50 is all that hot. ...
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Hi kind of agree with Harold, if the other person does not have a special skill set that lends itself to the creation of operation of the business then I am not sure 50 / 50 is all that hot. ...
Before we go there you might want to ask a CPA and / or attorney if an LLC is right for you in your particular situation.
Since you talked about cost, a FL LLC filing fee is $100 while DBA and...
It seems that most people have done a good job of answering your federal tax question.
As for the first part of your question.... FL generally does not tax pass through entities, (partnerships and...
I have to agree wit Tran on the liability issues.
I have seen people put their faith in an accountant / bookkeeper who kind of knew what they were doing but was not registered with the IRS and as a...
Those are online learning websites that teach classes for little or no cost. I like Coursera but all of them are good.
Another avenue might be Meetup groups in your local community. Here in...
That would depend... If its a US retailer and they have a merchant account then they would have to specify in their account weather they wanted to receive the payment in USD or another currency. To...
Very good question.
Interesting fact, the average small business has a higher likelihood of being audited by their state then the IRS and in my experience the state taxing authorities can be more...
Ok so I get questions about the bookkeeping all the time and most small business owners can and should do their own bookkeeping, (at least at the beginning) because you should know how your business...
You might want to try looking on eBay to see if someone has the 2004 software sitting around.
Intuit will probably not give you a new authorization code and tell you they no longer support QB 2004....
Hi Derek,
First the question about one or two companies, if you are just getting started out and don't have the money then a simple DBA will do for now. Most attorney will flip about that because...
Yes so there are a ton of different ways to play this scam.
Normally the deposit is placed in your account by some company you have never heard of and usually in a foreign country.
You will...
First Brad is correct based on what they want you to pay for 3% they are going for a 1 million dollar valuation.
If top line is coming in at roughly 438K then you are purchasing at over 2X...
I am not sure I understand you question.
The state sos company lookup is not connected with the IRS and they know nothing about the address the state has on your company or who the registered agent...
So this sounds like a basic 3rd party beneficiary question.
Follow me here.... the insurance company contracted with you to replace the floors of a 3rd party that the insurance company owed a duty...
So does she own a % of the partnership interest?
Is she an employee of the partnership, (W2 wages)?
Thanks
If you have good credit and the project you want the loan for is sound and expected to generate sufficient cash flow then your income should be less of an issue.
How are your underlying assets...
OK so I actually have a good insight to this.
I got a degree in accounting and then set for my CPA license many years ago.
Then about 2 years ago I decided to go after a law degree.
I am currently...
Hi Steve,
People are making good money on staple items in competitive categories.
The reason they are able to survive is because retail is more then just sourcing at the cheapest price.
People...
OK then the advise given so fare is on point.
Things to think about are how many days you will be in various countries as there are thresholds that if passed could open you up to personal income tax...
Harold is correct, what you want to do and how your company will operate is important to know in order to point you in the correct direction.
One thing I would add to Harold's list is to take a...
So I watched the video and the theory falls apart at about 44 minutes into the video.
If the foreign entity buys a house in the US and lets you stay their for free or even at below a market price...
And then... well.. then... tell me what can the IRS do ?
If you are not even a citizen, if there are now taxes to pay by law in the US ?
And if you don't live in the US ?
Well that depends....
Hi there,
Based on your original explanation of the plan it seems that , (as Ray has pointed out) that the corporation in a foreign country would be paying for your living expense, (food, car, rent,...
Ok so first, its not just about the printer and the ink it is also about the quality of paper you use.
I remember when my partner and I first started our business years ago we spend time picking the...
It depends....
If you and your partner are treating this business as through each of you are bring capital separately into the company and you bother will have separate capital accounts that you...