generic tag for questions related to small business. Related tags corporation, limited-liability-company, s-corporation, limited-partnership, sole-proprietorship can be used as appropriate.

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3
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4answers
358 views

How are the best way to make and save money at 22 years old

I am currently 22 years old, I work as an insurance biller and make about 800-900 dollars every two weeks cash. I have no expenses because I still live with my parents but I'm trying to branch out on ...
0
votes
4answers
67 views

Investments and Equity

First, I apologize if this has been asked/answered before. Was not really sure how to search for the answer so I'm asking it here. To me, it has always seemed like a business is a thing. A thing with ...
2
votes
1answer
211 views

Where are all those unsold vehicles?

Every year, every car manufacturer produces tons of cars. And of course, not all of them are sold during the year. My question is where are all those unsold new cars reside? If I go to a dealership (...
3
votes
1answer
45 views

Help Needed with scenario: Live in Florida / travel to New York what is my Tax Home, etc

My profession is licensed by NYS and I own my own business (LLC in NY). I have been afforded the following opportunity: Most of the money I earn are from municipal sources (1099) for services I ...
0
votes
2answers
102 views

NYC: Should I open a business to receive tax benefits for an app I built even if it makes close to no money?

I just made an app and put it on the app store in January. It was just a project I built on my own for fun. It has made $1 so far from advertisements, and probably won't make much money this year. ...
1
vote
1answer
45 views

Business Investment Loss from prior year

In 2011, I invested $30,000 into a restaurant. I was a passive investor. I wrote a personal check from my account to the business entity. A year later, the restaurant closed and all my money was ...
1
vote
0answers
121 views

How does the Dominos DXP car benefit the company? [closed]

I was aware Dominos employees have to use their own cars for delivery. If Dominos starts using these new cars, how will the owners benefit if they have to purchase multiple of these cars?
0
votes
1answer
49 views

Personal checks instead of business ones

In B.C can a large Hotel company write you a personal check instead of a business one? There is nothing providing the amount taken off for tax or the hours worked.
5
votes
1answer
79 views

Can you depreciate assets differently between Federal, State, and Local?

I want to claim a Federal Section 179 deduction for some assets. Write off the entire amount in the year I bought it. However, with Pennsylvania State Tax Laws, it makes more sense to spread the cost ...
1
vote
1answer
66 views

Can Per Diem deductions include family travel, meals and housing?

I have a house in one place and found a job in another place that pays very good rate. Since I don't want to live separately from my family I want to rent a house near work place and live together ...
1
vote
2answers
182 views

What should one look for when opening a business bank account?

I've created an LLC under my name for my contract work (taxed as a sole proprietorship). Because of this, I'm planning to open a Solo 401k, and due to that I'm planning to pay myself income based on ...
0
votes
1answer
1k views

Start a Holding Company? [closed]

I'm 23 I've recently graduated college with two bachelor's degrees and have studied finance extensively in my spare time. I work as a software engineer, and even though I don't hate the work I know it'...
1
vote
2answers
97 views

Refinancing Loans from USA to India

I have a friend living in USA who is a US citizen. He can take a loan of X$ from a US bank as a personal loan or a business loan. Can he finance my company in India with this loan he availed from USA ?...
1
vote
1answer
203 views

If I were receive an $80,000 inheritance & want to open a business, what taxes would I owe?

I am receiving about $80,000 inheritance, and I want to start a business. How much would I be taxed or be deducted if I were to put it into a savings account. Lets say the bank is some well-known bank ...
1
vote
2answers
125 views

How to calculate S corporation distribution from past K-1s?

Let's say a friend of a friend has been the sole owner and employee of an S Corp for five years. Some of the past K-1s have reported a loss, and some years have reported a profit. The business owner ...
1
vote
1answer
103 views

How does per-annum depreciation for taxes work after the first year of depreciation?

My state requires me to report personal property that I use for my design business. Here is the specific form in question: http://www.dat.state.md.us/sdatweb/pp1inst_2015.pdf. The form says that ...
0
votes
3answers
332 views

What is the relationship between the earnings of a company and its stock price?

I have heard that people say the greater earning means greater intrinsic value of the company. Then, the stock price is largely based on the intrinsic value. So increasing intrinsic value due to ...
1
vote
1answer
233 views

From a tax perspective, how can a business allow a large portion (80%+) of payments to be given to charity (like Humble Bundle)

To anyone who is unfamiliar with Humble Bundle, they let you purchase games (or other media) and you pay whatever you want. They also let you divide this money up between Humble Bundle, the content ...
-1
votes
1answer
44 views

Financially Shielded Entity Separating Individuals Behind It From Risks

I recognize that some will get emotional when reading this question because I've asked it with friends and it created some tensions with some of them. I am simply asking from a pragmatic/possible ...
-2
votes
2answers
620 views

What kind of Business is Facebook? is it B2B or B2C or Both? [closed]

I want to know What kind of Business is Facebook? is it B2B or B2C or Both? As facebook is getting money from advertisers for showing their ads on facebook and users freely use facebook and sometimes ...
0
votes
4answers
357 views

Calculating Pre-Money Valuation for Startup

I have founded a company with investment of $250,000. I have been investing and developing this company for 2 years Company is not in market yet and needs external funding of $200,000 to be successful....
1
vote
1answer
730 views

Filling Balance sheet in ITR4 for freelancers

I'm trying to fill ITR 4 for the first time. I'm a salaried professional with a side income from freelancing. I earned around 3 Lacs plus from freelancing. In ITR 4 there is a section - Part A ...
2
votes
1answer
1k views

How can I register a UK business without providing a business address?

If you are a start-up from home and do not have an office yet, how can you register your business on http://www.companieshouse.gov.uk/ without publicly disclosing your personal home address? I know ...
5
votes
1answer
61 views

Small business tax dates, what is “the date” of a job?

I work to a tax year that starts on the 6th of April. I have a number of jobs which before this date are: "in the pipeline" i.e. in my order book work in progress finished not invoiced finished and ...
0
votes
1answer
82 views

financial institution wants share member break down for single member LLC

Due to latest crop of regulations, a particular financial institution is requiring a share member break down for a single-member LLC, an odd step in verification since there is only one share member ...
-1
votes
2answers
71 views

What are the variable costs for an information company?

For a company like GoodGuide, who make their money not by selling a hard product (with investment costs etc) but by selling product placement and business intelligence, what are their variable costs? ...
2
votes
4answers
305 views

What should I consider when I try to invest my money today for a larger immediate income stream that will secure my retirement?

If I only have about a few hundred dollars to invest each month, what are some methods I can use to grow my money long term? I'm willing to take risks if my ROI is substantial. So, if it can start ...
3
votes
3answers
26k views

How can I lookup the business associated with a FEIN?

I have a FEIN (Federal Employer Identification Number) and need to locate the business or non-profit that has been assigned that number, how can I look that up only given the FEIN number?
0
votes
1answer
52 views

Where can I find information about the relationship between the owner of a company and its business administrator?

Through the past years, working as a employee, I have managed to save some money and now I want to buy a company. I chose a restaurant, because I already have experience in this area. However, I do ...
3
votes
2answers
193 views

When getting a business loan, does it look better to owe the IRS or the credit card companies?

I am looking to take out a $40,000 loan to buy out my mother's existing business, that is doing quite well. I explained to the loan officer, in a phone conversation, (I have not yet sent in my ...
8
votes
2answers
11k views

How did Bill Gates actually make his money?

This is something that has always made me curious as heck. I don't really understand how corporate system works so please forgive me if the answer is extremely obvious. I realize Microsoft's history, ...
2
votes
3answers
3k views

When to start with year 0 and when with year 1 when calculating NPV?

I am calculating NPV for one investment plan. When should I start the calculation of NPV with year 0 and when with year 1? I know that the year 0 is like the year when the company is just starting up ...
3
votes
1answer
787 views

What does the business term 'blue sky laws' mean? [closed]

I often hear 'blue sky laws' in reference to startup or early level businesses. What does it mean?
7
votes
2answers
1k views

Is business the only way to become a millionaire?

Is starting my own business venture or investing in someone else's business , the only way to get rich ? I am not looking to become rich quick. I am in no hurry. What are the other options available ?
1
vote
2answers
2k views

Are there taxes for exchanging goods in a barter transaction?

For example, if I trade someone 10 apples for 10 strawberries, do I or my trading partner need to pay taxes? Do I need to pay taxes if I do business without using officially issued currencies? If ...
0
votes
2answers
92 views

What is a term for a company bank account that has been set up for non-business related expenses?

I'm looking for a financial term that describes a bank account that's been set up by a company for non-business related expenses; travel, hotels, food, etc. Sort of like petty cash, but it could be ...
3
votes
1answer
92 views

How do online referal systems work?

There are sites on the internet which promise to pay money for just referring traffic. How trustworthy these are and what are their sources of income? Are these sites worthwhile to consider for ...
3
votes
1answer
6k views

Tax implications of corporate housing

If my company provides corporate housing for me, am I required to claim the rent amount as income for my personal earnings? And is that taxable income? I'm trying to figure out how I can leverage ...
2
votes
1answer
294 views

Business check MICR strings: why is the check number on the left?

I have always seen the MICR string at the bottom of a personal check have the routing number, then account number, then check number. Why do business checks often have the check number on the left?
6
votes
4answers
3k views

Where do large corporations store their massive amounts of cash?

Apparently Apple has more cash on its books than combined market values of Hewlett-Packard, Dell, Nokia, Yahoo, Sprint Nextel and Research In Motion. Where do companies like Google and Apple keep ...
5
votes
6answers
73k views

How can I deposit a check made out to my business into my personal account?

When I invoiced this company, my invoice specifically said to make it payable to me personally, not my business (since I don't have a business account besides PayPal). Unfortunately, they made it out ...
8
votes
1answer
401 views

How do I keep an S-Corporation open when it has no revenues

I have an S-Corporation using which I used to do consulting work a few years back. Now, the revenues from that corporation has come down to zero. I hate to close it down in case I want to consult ...
2
votes
2answers
117 views

Calculating the cost of waiting longer for money

I'm trying to calculate the cost of waiting 30 extra days to receive money from a customer. Here's the situation: How much would this cost a company per year if a customer pays us in 60 days vs. ...
3
votes
6answers
9k views

What are the options for a 19-year-old college student who only has about $1000?

I was basically wondering what options at the moment a poor student like me would have, if he wants to do his best to accumulate money? I only have about ~$1000 in my savings account, and am a full-...
5
votes
3answers
329 views

Why does the stock market consistently overreact to the business cycle?

It's been shown time and time again (e.g. in Stocks for the Long Run) that the most profitable time to buy stocks is when sentiment is poor and that stocks usually recover very quickly at the end of a ...
7
votes
1answer
312 views

UK - Closed Company, Bank has frozen the remaining funds

I recently closed my small business and left a few hundred £s in the business account with Barclays. After receiving notification that the company has been officially struck off, I contacted Barclays ...
2
votes
3answers
538 views

Foreign currency conversion for international visitors to ecommerce web site?

It is really not personal finance question but I haven't found a more appropriate place for it. My question is about currency conversion. Let's imagine I have two prices for one item: Russian shop: ...
10
votes
5answers
536 views

Should I start my own company so I can claim against tax?

I live in the UK and I'm an employed web and mobile phone developer and very occasionally do some work on the side. I've been recently advised by a family member that I should look at starting my own ...
2
votes
2answers
86 views

Company Payment Card

What are the risks of having having a company payment card? Is there any reason to have a card if I can float my expenses until they're reimbursed?
5
votes
1answer
6k views

Contractors: Guideline on what percentage to keep when hiring a SUB-contractor?

My business may be growing past the point beyond which I can no longer handle the jobs alone (yay me!)... If mine is an hourly job, with little to no overhead, and I bring someone on to work the jobs ...