Finally doing my own business....

[bubbaearl]

do your own bookkeeping and hire a good tax professional. never take any advice from a bookkeeper . one almost ruined me in the early 80's.
when you meet a tax person look for up to date tax law books in their office . if they dont stay current run away .

an assumed name certificate is worth nothing but paying a 3% tax on all equipment and stock. work in your own name .

[mardyn]

an assumed name certificate is worth nothing but paying a 3% tax on all equipment and stock. work in your own name .

One you establish the business and take on an assumed name to conduct business under, the city/county/state/feds all see that as another separate entity which they can collect tax revenue from.

A little strategic planning during your initial set up can go a long way towards minimizing the impact of various taxes/fees/expenses that go hand in hand with starting a new business.

If you're not careful, you'll find yourself working for everybody but YOU as the business gets up to speed and heads toward profitability.

mardyn

[txstangnut]

so where is it?

[SMKR]

Well, if that goofy Laser guy can do it, why not?

kidding!

That guy must be killing it, he is buying a new vehicle every two weeks!

[SMKR]

good luck.

#1 reason for small business failures is treating the money like it is yours .

No, it's because they run the business with the mentality of a technician vs an owner with true business acumen

[SMKR]

do your own bookkeeping and hire a good tax professional. never take any advice from a bookkeeper . one almost ruined me in the early 80's.
when you meet a tax person look for up to date tax law books in their office . if they dont stay current run away .

an assumed name certificate is worth nothing but paying a 3% tax on all equipment and stock. work in your own name .

Hire a great cpa
Hite a great attorney

[Gasser64]

A little strategic planning during your initial set up can go a long way towards minimizing the impact of various taxes/fees/expenses that go hand in hand with starting a new business.

mardyn

I'd love to hear more on this if you don't mind