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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1answer
22 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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0answers
46 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 ...
5
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1answer
65 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 ...
3
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2answers
64 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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0answers
29 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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0answers
51 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 ...
2
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1answer
244 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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2answers
84 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) ...
24
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11answers
15k 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 ...
1
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1answer
127 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 ...
1
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0answers
94 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 ...
2
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0answers
55 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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2answers
206 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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3answers
133 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 ...
3
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1answer
130 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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0answers
54 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
1
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2answers
460 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 ...
-1
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1answer
72 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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2answers
184 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 ...
1
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1answer
234 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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0answers
189 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 ...
1
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2answers
144 views

money investment [closed]

I am trying to invest money because I have around 3218.45 USD which I could invest, and start generating money. I am out of ideas in how can I invest the money to start generating money from my money ...
1
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1answer
98 views

Business taxes to an Italian citizen with an online business outside Italy

As an Italian citizen, if I open a company outside Italy (for example, a LLC in US) and operate strictly online, will I still have to pay business taxes on the income of this foreign company to the ...
2
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3answers
221 views

The alternatives to checks, credit cards, and cash, for transactions

So personally I pretty much just use a credit/debit card for most purchases, but cash is not uncommon, and checks are often used for paying rent to landlords or some small businesses. Then there are ...
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1answer
89 views

Is a business buyer ever responsible for the seller's taxes?

Bert and Ernie are both 50% shareholders in their small business. Ernie is losing passion and interest in the business, and is going to cut ties and explore other opportunities. Ernie and has agreed ...
5
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2answers
2k views

What does it mean to take equity and get a board seat?

In this article from Forbes: 500 Startups recently took in equity from Abu Dhabi Financial Group, giving the firm one of its only two board seats. What exactly does it mean to take in equity from ...
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1answer
45 views

What is considered “operating in Illinois” in regards to having an LLC?

Company: We formed a LLC in Delaware as a 50/50 partnership. We have an agent in Delaware, EIN, Operating Agreement, Articles of Organization. Our company will operate over the internet as a ...
8
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2answers
19k views

How does tiktok company earn money? [closed]

I would like to know how does the company tiktok make or earn money? They're not showing any ads, but their users are increasing and their video upload rate is increasing. Even they have 500 ...
2
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4answers
290 views

How to keep track of revenue and expenses of a small business that I rarely visit?

I'm a programmer looking to invest some money into opening a very very small restaurant which will be run by my friend (who's a professional restaurant manager) with occasional help from family ...
1
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0answers
47 views

US Permanent Resident holding partial stake in a European company

I'm a permanent resident living in the US and would like to invest some money in a company run by my family back in Poland. I'm trying to figure out how to do this and what kind of tax implications it ...
1
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1answer
112 views

How to effectively monetize a facebook page [closed]

I have a facebook page with an increasing number of likes. I would like to find a way to make money out of it. Since the page is about a niche subject (photos of a city), I'm thinking about using a ...
1
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0answers
60 views

general expense vs capital expense

If the water main outside of my business has ruptured and I paid the entire $10,000 to have it repaired can I write that off as a general expense on the business or do I have to depreciate it?
8
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3answers
515 views

Are founders typically completely on-hook for business loans, when a business fails?

Let's say an individual takes out a business loan, incorporates (or whatever), hires a team and works awhile. Eventually the venture fails. Is this individual completely on-hook for the millions he ...
1
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2answers
3k views

Direct deposit personal check into business account

I'm in the process of trying to launch a new start up company but also still working full time for another company. Is it ok to start having my personal paychecks directly deposited into my new ...
2
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1answer
290 views

As a director of a limited company in the UK, can I have multiple business bank accounts?

I am a director of a limited company in the UK. I live here and sell my services within the UK. If a bank goes bust, by law, a bank has to protect my deposits to up to £85k. Can I have multiple ...
0
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1answer
33 views

Personal Assets and Initial Contribution for Business Use

How would a person factor using personal assets for starting a business? For example, the owner's personal car, cell phone, and laptop will be used as initial equipment, but the owner will also ...
0
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0answers
80 views

Can I deduct an office space rental if I am not self employed?

As a remote worker, I'm looking at renting an office space $250/mo. I am not self employed but instead working for a company. Is this expense tax deductible?
0
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2answers
74 views

Need business checking account with limited access [closed]

I'm looking for suggestions. I need a business checking and savings account, where I can setup full access for myself (withdrawals, deposits, view account number and routing information, etc...). ...
1
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2answers
225 views

Purchasing things on the internet

(Since it may be relevant, I am in the UK.) There are many sites where people can place items they want to sell to potential buyers. For example, gumtree or facebook marketplace. One potential worry ...
0
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1answer
2k views

Does Capital Expenditure include acquiring business? [closed]

I got curious if CAPEX includes acquiring other businesses. Thank you so much for reading it and have a good day!
1
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1answer
90 views

How to use a business loss to convert a traditional to a Roth IRA?

I have an annual business loss on a C-corp business I own. Is it possible to use that loss to convert traditional pretax IRA funds over to Roth IRA?
1
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1answer
1k views

NRE to savings account

I am living abroad for the past three years on a student visa, and therefore fall in the 'NRI' category. I have a NRE account where I had sent some funds from abroad. Lately, I have been thinking to ...
4
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1answer
112 views

Hired by company abroad

Can I work directly for a company abroad (Sweden) in the United States if they do not have a U.S. entity and I'm a U.S. citizen? Or should I set up an LLC and function as a consulting business?
48
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10answers
15k views

Could a business be structured around Multi-level Marketing, yet still be ethical? [closed]

Why is there a lot of controversy and claims that Multi-level Marketing (MLM) is unethical? I see it just as a business model. While the customers and clients, distributors or resellers of your ...
1
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0answers
53 views

Does business credit score transfer over when you incorporate from a sole proprietorship?

I have a newly registered sole-proprietorship in Canada that I am trying to build credit for. If later down the line I decide to incorporate my business, will the business credit score from my sole-...
1
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1answer
314 views

Does PayPal working capital offer a good value?

I'd like to know how to determine if PayPal working capital is a good value. Their calculator can be found here: https://www.paypal.com/us/workingcapital/. The way it works is the larger the gap ...
2
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0answers
354 views

Freelancer, Schedule C, Deductions for MEALS in 2018-2025

This question is specific to sole proprietor freelancers who (a) network with other freelancers, (b) sometimes outsource their work to other freelancers but never employ someone, and (c) file a 1040 ...
-2
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1answer
123 views

If I owe the IRS, how can I protect my new business?

I want to fix and flip some houses, and potentially pay the IRS once I make some money, but I don't want them putting liens on my properties before I can sell them.
0
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1answer
893 views

How to track iTunes transactions as business expenses?

I have some business expenses that go through iTunes. I want to include certain business expenses in iTunes with my overall business expenses report created in my financial software (Quicken). The ...
1
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1answer
157 views

Calculating NPV for future cash inflows [closed]

I have a question, where I am calculating the net present value of a project we are considering if it is beneficial or not. The project starts and the sales (cash inflows), don't start until a few ...