Questions tagged [business]

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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What percentage of companies could have a consistent lower "return on capital" to its owners/shareholders and a higher risk than the S&P 500?

What percentage of companies/startups in the US or any other country could have a consistent lower "return on capital" to its owners/shareholders and at the same time a higher risk than the ...
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Form 1120s and PPP Loans

I have some questions on entering PPP Loan information on Form 1120s. When would this be anything other than the full loan amount? Is payroll included as a business expense? PPP Amounts (Box 2) Enter ...
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0 votes
1 answer
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If my business organized a competition and gave winners money as prize, can I deduct this?

I'm a sole proprietor and gave out around 1000$ in prizes for my business' event, either through paypal or e-transfer. How can I deduct this as a business expense? There's not really a receipt.
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0 votes
1 answer
69 views

Can you substract business expenses that increases good will? [closed]

Can you subtract business expenses that increases good will? Can you gain a tax advantage if you spend money to make a non-profit product that may increase good will for your company? Let's say you're ...
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1 vote
2 answers
229 views

Can a tenant build equity in property they are renting?

A tenant rents commercial property and invests substantial capital to renovate and improve the space in order to run a business. Does the renter's investment entitle them to equity or a percentage of ...
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-1 votes
1 answer
96 views

Are businesses required to pay more than a specified minimum wage in respect to each job title in US? [closed]

Are there any laws about the businesses that mandates them to pay at least a minimum specified wage to their employees? I mean something like: A CEO should at least has $5k/month, or an engineer ...
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0 answers
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Term For Business Entity Founded With The Sole Purpose Of Holding Non-traditional investment?

I've done some searching but have been unable to find info on what I'm specifically looking for. My guess is there's a specific term for this type of business that I don't know. Suppose I want to ...
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1 answer
80 views

Claim money from unused health insurance (set by employer)

Is it possible to claim unused health insurance money after you leave a company? It is basically unused group health in the United Kingdom (England). The health insurance was set by the employer where ...
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0 votes
0 answers
54 views

Which purpose code should I use for PayPal

Which purpose code should I use for PayPal business account to receive a payment from small sites like "Picoworkers,Microworkers,rapidworkers" ?
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1 vote
3 answers
287 views

To what extent are companies' owners not responsible to pay back money that they waste?

I've always been confused by this. Apparently, as I understand it, you can register a company for a small sum of money in Western countries, for example the USA or Sweden, which then become its own &...
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16 votes
3 answers
5k views

Can I send back money I "loaned" from my personal account to business account?

I opened a self-employed business (in the UK). As a starting budget I sent £100 from my taxed salary to my business account to have something on it. Can I send it back from my business account to my ...
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21 votes
11 answers
6k views

Why can't my LLC get a credit card when the owner has credit history and a good credit score?

I've started an LLC (US-based) and have an EIN that I'm bootstrapping myself and self-funding. All my addresses and details are registered in the US. I'm the sole employee, but have zero revenue as it ...
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0 votes
1 answer
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Goodwill and Amoritization when buying a small business [closed]

When buying certain small businesses goodwill is the largest intangible asset. For an example company, Purchase Price: 1,000,000 Tangible assets: 200,000 Goodwill: 800,000 If the company's value stays ...
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1 vote
1 answer
42 views

Incorporating existing business' fully depreciated assets

When incorporating an existing business (US sole proprietorship to S-Corp) and transferring assets + cash (consideration) in exchange for shares, how are assets handled that have been fully ...
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0 votes
1 answer
54 views

Operating Margin depends on Revenue?

It is said that high Operating Margin means that the company is efficient in its operations and is good at turning sales into profits. But let's suppose that market demand has increased. The company ...
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10 votes
8 answers
7k views

UK - Can I buy things for myself through my company?

this is a UK-based question. I understand that there are certain purchases that you can make using the revenue of your limited liability company, and this is beneficial as you are using money that has ...
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8 votes
1 answer
111 views

Should I Charge Customers VAT Before Receiving My VAT Number?

I am very close to surpassing the VAT threshold. I’ve currently taken £80,525, and my next payment is due on Thursday. I told my client that I will have to charge them VAT on the next payment, which ...
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  • 339
1 vote
2 answers
85 views

What can you do with 100 dollars in relation to investing and raising a business? [closed]

I am really curious if it's still possible to start with a low amount of money as I've heard a lot of success stories but wasn't quite certain if it's true or fake. Is it possible to raise a business ...
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1 answer
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Why technology companies don't report high net income from the use of GAAP?

The article GAAP vs. Non-GAAP: What's the Difference? says: Technology companies have been large users of non-GAAP adjustments as these companies typically don't report high net income from the use ...
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2 answers
208 views

Why is Jeff Bezos, and not his initial investor the richest person in the world? How does it work for Jeff Bezos? [closed]

I have always had a curiosity since a very long time about ordinary people who become very rich (millionaires, billionaires..). But I have a feeling that this is going to be a silly question, so ...
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  • 113
-1 votes
1 answer
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Can someone explain the idea of revenue per "X", from good to great by Jim Collins? [closed]

I'm not sure what is meant by improving revenue per "X", does it mean to increase the amounts of "X"? Does it mean to increase the revenue made per "X", and if so, why ...
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0 votes
2 answers
196 views

How to finance and structure an easy knockoffable business idea of a dummy poor 19 yo?

I am a poor 19yo, found one probably original business idea of products that will help (not entertain) people. However I am absolutely not savvy in technical business knowledge, so please answer my ...
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0 votes
2 answers
136 views

Do businesses make a profit on VAT?

According to my understanding, VAT is the tax paid by the consumer on value added at each step. For example, suppose VAT is 10%. A farmer produces tomato and sells for $10 to a packaging company. ...
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3 votes
2 answers
215 views

Do I have to declare an income below my Personal Allowance?

I'm in the UK and planning to start a side business. The income from my current job doesn't exceed my tax-free Personal Allowance of £12,500 a year, nor do I currently expect the income from this ...
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1 vote
2 answers
147 views

Would companies pay me for some service by sending a bank transfer to me as a person?

Let's say I set up a website and contact some companies, and one of them hires my service to perform some kind of work for them. Now that they are happy with my work, they are to pay me. Do they ...
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1 vote
1 answer
38 views

Personal investment portfolio set up as business

I have an investment portfolio in the USA, but I am now in India. To save on taxes on capital gains in India on this portfolio, would it help to set up trading in this portfolio as a business? What ...
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0 votes
2 answers
134 views

Is it better to start a new business using credit, even when I have money to invest

Suppose I have to start a new Limited Liability Company and the initial investment is 50000 dollars. Let's also suppose I have that money. No problem about it! Now let's suppose something goes wrong ...
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1 vote
1 answer
63 views

Is a company's book value included in its intrinsic value?

According to value investing, the general way to find the instrinsic value of a company, and therefore its stock, is to estimate its future cash earnings in perpetuity. However, this doesn't take ...
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0 votes
1 answer
140 views

Where should I keep the money for the shares I purchased from my UK startup business?

I am at the beginning of setting up a UK business and started it with one share valued at £1.00. I am the owner of this single share. I am now wanting to pay the amount I owe for the share to the ...
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0 votes
1 answer
42 views

When calculating market-cap of a company, do we take into account all shares or only the exchange traded shares?

The formula for the market cap is shares outstanding * share price. However, sometimes I see people only taking into account the shares that are publicly traded on the exchange when calculating market ...
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0 votes
0 answers
57 views

If a single owner LLC is closed in Jan 2020, does the company owner still file a return in 2021?

If someone has single owner LLC in California USA and if he/she closes the company in Jan 2020, do you still have to file business tax return in 2021? Specially if company has elected financial year ...
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5 votes
1 answer
78 views

In USA can I offset capital gains from the sale of a business with capital losses from stocks?

I recently sold a business and will receive a pay-out spread over a couple of years. Each year I will receive a predefined sum, which will be reported as capital gains. Now, with the stock market ...
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3 votes
2 answers
106 views

Why can I add secondary savings account to a personal account without hassle, but not to a business account?

I've been using a small-town Credit Union for all of my personal banking for many years and have always been really happy with them. When I first set up the account, it included Checking, Savings, and ...
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1 vote
0 answers
35 views

Is there a liabilities equivalent of the statement of cash flows?

When I consider the three major accounting statements - profit and loss, cash-flows and balance sheet.. there does appear to be some missing information about the change in liability throughout a ...
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1 vote
0 answers
92 views

Can You Switch Between Actual Expenses and Per Diem Expensing For Meals / Entertainment?

I currently report the actual costs for my meals and entertainment expenses on business trips. I am thinking about switching over to the Per Diem method. Are there any regulations against using both ...
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2 votes
1 answer
257 views

How to give money to a business?

I would like to give some money to support a business that is family-owned (by my parents). I am not personally involved with the business nor am I an employee, but I want to give them some money for ...
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0 votes
2 answers
261 views

how can you calculate the sweet spot for a risk / reward ratio in a partnership

Let's take 2 parties, A and B. A has a tool that can raise the value of an investment by a known quantity (Q) with an estimated risk factor (R). A failure would incur a loss of (L). B has money (M) ...
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24 votes
11 answers
16k views

Should I invest ~18k being 19 years old? [duplicate]

I am currently thinking about investing my money in various things. I have a monthly income of 900€ and only 40€ regular expenses including food, spotify premium and a web domain. From what I can ...
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1 vote
1 answer
141 views

What does it mean by Global recession? [closed]

I am bit curious to understand what it actually means when I read global recession is coming soon. There are some questions which pop in my mind reading such news. Some of them are: What causes ...
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1 vote
0 answers
105 views

How to do financial planning?

I'm not doing this for any entity other than me. I run a business and I'm doing some financial goal-setting for the next few years. What I'm trying to achieve with this is setting numeric goals with ...
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2 votes
0 answers
61 views

Employer wants me to get an EIN for contract work. Is this okay, and if so, what kind should I choose?

I recently got offered a job opportunity to do contract work with an IT company. But along with all the usual paperwork, it's mandatory that obtain and submit an EIN. But I'm not sure which type I ...
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0 votes
2 answers
559 views

What happens to the physical assets such as laptops and phones after closing a company?

Let's say that I own a small company with 10 employees. The company has provided each one of them with brand new laptops and mobile phones. If the company closed, the employees would return the ...
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  • 577
0 votes
3 answers
358 views

Are full-time retail traders self-employed or business persons? [closed]

I was asked this question today by one of my known people if full time traders are counted as self-employed or business persons or professional? I got really confused because as much as I know, a ...
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3 votes
1 answer
136 views

How (in terms of specific procedure) are US companies paying the US-China import tariffs?

How does a business comply with the US-China import tariffs, specifically? By that I mean: does the business just have extra (sales?) taxes that they need to pay when they file their taxes? Are they ...
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1 vote
0 answers
59 views

Purchased business can i keep EIN

I purchased a small business, it is inc. I kept the name etc., do I have to obtain a new EIN or can I change the ss information and keep the current number
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1 vote
2 answers
1k views

How can Stripe charge my bank account in case of negative balance?

I was thinking of opening Stripe account and then saw this. This page says that if I have negative balance due to a charge back, Stripe can contact my bank and request funds from my bank account ...
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-1 votes
1 answer
80 views

What is Tax Return document and where to search for it ONLINE? [closed]

I am wondering whether so called "Tax Return" document for X time period has any alternative definition or form code (form id number)? If yes, what is it? I am trying to find it online for wanted Inc ...
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-1 votes
2 answers
447 views

Approximate cost of making a shell company

Hi. I was thinking about making a company to hide a plane I am thinking of buying. A helpful person suggested to make a shell company since planes can be registered to companies and FAA site doesn't ...
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1 vote
1 answer
4k views

Do US banks accept out-of-state applications for checking accounts?

Let's assume I walk in a local branch of a US bank with a presence in many federal states (for example, the Wells Fargo branch in Richmond/California). Will they be able/willing to open a Wells ...
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1 vote
0 answers
308 views

Dropshipping - Should I set up a business for this?

I've been looking in to the world of dropshipping and am keen to give it a go myself. I'm just curious if it would be wiser for myself to set up a business in order to do this or am I able to do it ...
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