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.
179
questions
48
votes
10
answers
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 ...
- 599
43
votes
4
answers
46k
views
It is legal for a retailer/store or other business to refuse $50 & $100 bills or other legal tender, e.g. pennies?
I'm trying to find out about businesses refusing $50 & $100 bills. Aren't they required by law to accept all legal tender? I had one person say it could be that it's not all legal (i.e. a ...
- 431
25
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 ...
24
votes
3
answers
6k
views
CEO entitlement from share ownership?
If I own shares of a company, am I entitled to apply as position of CEO? Who decides?
Do I have more clout within the corporation to gain positions of work in the company than a non-holder? What kind ...
- 241
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 ...
- 319
20
votes
2
answers
3k
views
Which year to use to pay US taxes on business income that was invoiced in December but paid in January?
I was paid a few hundred dollars to review a few textbooks.
I submitted an invoice in Dec 2016,
and received payment in Jan 2017.
When I pay taxes on this income,
does that count towards 2016 or 2017?
...
- 303
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 ...
- 263
11
votes
8
answers
11k
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 ...
- 349
11
votes
5
answers
924
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 ...
- 213
10
votes
6
answers
222k
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 ...
- 283
9
votes
2
answers
20k
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 ...
- 217
9
votes
1
answer
1k
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 ...
8
votes
4
answers
1k
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 ...
8
votes
3
answers
593
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 ...
8
votes
2
answers
20k
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, ...
- 183
8
votes
4
answers
9k
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 ...
- 1,858
8
votes
1
answer
154
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 ...
- 349
7
votes
2
answers
2k
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 ?
- 205
7
votes
1
answer
477
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 ...
- 243
6
votes
3
answers
856
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 ...
- 747
6
votes
1
answer
200
views
How much money/time should be re-invested in your own business, as a contractor?
As a contractor, you realize how valuable your time is - but undoubtedly, an investment back into skills update training or in marketing your business is worth the time you would otherwise spend ...
- 8,683
5
votes
2
answers
3k
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 ...
- 53
5
votes
4
answers
73k
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?
- 1,793
5
votes
3
answers
2k
views
Why should I choose a business checking account instead of a personal account?
First, this is not a question of separating money, but a which product to choose. So put away the torches and pitchforks.
So, in researching for my wife's sole proprietorship LLC, we can't find a ...
- 61
5
votes
1
answer
20k
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 ...
- 8,683
5
votes
1
answer
85
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 ...
- 153
5
votes
1
answer
145
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 ...
- 1,256
4
votes
6
answers
18k
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-...
- 365
4
votes
2
answers
6k
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 (...
4
votes
2
answers
271
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 ...
- 41
4
votes
1
answer
153
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 ...
- 153
4
votes
1
answer
8k
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 ...
- 448
4
votes
1
answer
120
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?
- 41
3
votes
2
answers
317
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 ...
- 153
3
votes
1
answer
2k
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?
- 143
3
votes
2
answers
97
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?
- 7,856
3
votes
2
answers
3k
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 ...
- 876
3
votes
1
answer
178
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 ...
- 31
3
votes
1
answer
139
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 ...
3
votes
2
answers
12k
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 ...
anon
3
votes
4
answers
31k
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 ...
- 133
3
votes
2
answers
120
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 ...
- 153
3
votes
1
answer
91
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 ...
- 39
2
votes
5
answers
945
views
What exactly is a professionally managed company? Why the promotor holding of professionally managed company is always 0%?
As you might have guessed by now, yes! I am new to the world of finance.
I have been going through a playlist on YouTube about investing in the stock market. And in one of the videos, I came across ...
- 145
2
votes
2
answers
3k
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 ...
- 131
2
votes
4
answers
314
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 ...
- 143
2
votes
4
answers
609
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 ...
- 139
2
votes
3
answers
978
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: ...
- 123
2
votes
1
answer
271
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 ...
- 123
2
votes
1
answer
91
views
Tax whilst starting a business in full time employment
I live in the UK and I'm thinking of starting a business whilst in full time employment.
I've looked up the tax rules but I'm still quite unsure on everything. I was hoping someone could just clear ...
- 21