What first world problem did you have today?

[Perknose]

Nova Web and highland145, knock it off or I'll have to turn this thread around!

Perknose
Forum Director

 

[Nova Web]

Dully noted, thank you for such a quick response. Much appreciated, it was not my intention to continue but some keep pushing, in the future I'll not give course to such "challenges".

 

[Svnla]

With a debit/credit card?

Yes. At WalMart, you can buy up to $1,000 per MO for $0.70 fee with any debit card with PIN. Same for Kroger. That how things are going in my neck of the wood.

 

[Imp]

Gotta run to the other corner of the city to buy something from Craigslist for once...

And I remembered why I was apprehensive about incorporating earlier in the year: public business address. Hard to operate out of your basement when everyone knows where you live and sleep.

 

[highland145]

Your business name doesn't have to be your corporate name but that might be a little late for you.

 

[Svnla]

Gotta run to the other corner of the city to buy something from Craigslist for once...

And I remembered why I was apprehensive about incorporating earlier in the year: public business address. Hard to operate out of your basement when everyone knows where you live and sleep.

Can you get a PO BOX or mail box @ a business? That's how I would do it.

 

[highland145]

Can you get a PO BOX or mail box @ a business? That's how I would do it.

Somewhere in the back of my mind, when I incorporated I had to use my home address of the paperwork. Maybe have been the tax ID request. And the secretary of state got the home address on their website. YMMV. I did have a po box at the time.

 

[Raduque]

Yes. At WalMart, you can buy up to $1,000 per MO for $0.70 fee with any debit card with PIN. Same for Kroger. That how things are going in my neck of the wood.

Wal-Mart was out of money orders. Thought I mentioned that? Anyway, I didn't feel like driving all over this shithole at 9am.

 

[Svnla]

Wal-Mart was out of money orders. Thought I mentioned that? Anyway, I didn't feel like driving all over this shithole at 9am.

As I said, major chain grocery stores should have MO for you. The max you can get on each MO would be $1K. That's my experience with MOs around here.

Somewhere in the back of my mind, when I incorporated I had to use my home address of the paperwork. Maybe have been the tax ID request. And the secretary of state got the home address on their website. YMMV. I did have a po box at the time.

I don't remember that you "have" to use your home address but YMMV because state laws are difference. I only have my home address on driver licence, passport, and with banks/credit unions.

 

[Imported]

Going back to the wine fridge thing.. was set to order a 96 bottle fridge from Costco after I get back from my vacation next week since I didn't want to have it shipped while I was gone. Checked again today and it is NO LONGER THERE. WTF Costco.

 

[Imp]

Can you get a PO BOX or mail box @ a business? That's how I would do it.

I thought about that, but I think I read something somewhere that it has to be a "real" address. There are, apparently, mail forwarding addresses (i.e. businesses that receive mail for you and look real on the surface). Lawyers/law firms also appear to allow you to use their address to store your books. Obviously, these options cost money.

Eventually, I see having a storefront/office being useful, but it's obviously less overhead without.

Going back to the wine fridge thing.. was set to order a 96 bottle fridge from Costco after I get back from my vacation next week since I didn't want to have it shipped while I was gone. Checked again today and it is NO LONGER THERE. WTF Costco.

Glass has shit insulation unless it's got two panes and a gas/vacuum inside, then it's still relatively shitty. The great state of California may be concerned about that?

 

[highland145]

I thought about that, but I think I read something somewhere that it has to be a "real" address. There are, apparently, mail forwarding addresses (i.e. businesses that receive mail for you and look real on the surface). Lawyers/law firms also appear to allow you to use their address to store your books. Obviously, these options cost money.

Eventually, I see having a storefront/office being useful, but it's obviously less overhead without.

Again, change the dba name.

 

[Imp]

Again, change the dba name.

Dude, you gotta stop with the abbreviations, I no speaky Englishy gut.

Edit: Oh, corporation /= business name thing. Thought about that, but don't you have to write down the business name's owner somewhere (i.e. the corporation's name). Then you can look up the corporate name in a public database.

Could totally use a Cayman Islands account about now...

 

[highland145]

Yep, the corporate info is on the secretary of state web because you have to register in your state. That's why mine has my home info from the fed tax #.

And as far as the public knows, I'm doing business as "Joe's Fries", you'd play hell to find out that I'm "joe's jiz fries, Inc.". The dba can be anything because it's fictitious. The corp name is what counts.

I'm regulated by the state finance dept so I'm easier to find...relatively speaking. "Come at me, Bro."

Or just carry a pistol, let the company pay for it and do business like you will. Win.

 

[highland145]

And if this is your 1st year, let me "help" you with the corporate shitake mess. Seriously.

941, quarterly and year end
state whithholdings and year end.
state unemployment...even though you don't have employees.
state new hire looking for child support.
?sales tax?
me: year end filings because of my industry: fed/state/ssck/etc.
1099
1096
w-2
w-3
if you have peeps, everify...woot.
CPA to do your corporate taxes...$1K and I give them all of the #s.

etc
etc.

It's never ending. Regulation nation.

We should talk.

It is better to work under the table and take the risk.

 

[Imp]

^I'm in the hat portion of your country so those don't work for me. From my research, I almost definitely need an accountant to file my tax return. Random people say it's $1k to $2k in my hood.

The only real thing holding me back right now is the annual meeting thing. Once I'm registered, I file an annual return with standard forms, and I also have to hold some sort of directors or shareholders meeting and then file it. I can ask a lawyer to do it but it seems so easy while being so hard -- shareholder + CEO would be me and me alone.

 

[highland145]

The shareholder's meeting is crap. Yes, you need a lawyer to set it up initially but that should be with the corp stuff. 11 years later and I haven't had a single "meeting." I'm 100% share holder and I pay the $25/year for the sec. of state filing fee. Done.


And...if you don't need a corp (???), sole proprietor is the way to go with additional insurance to cover your personal asserts if you're sued for piss poor xxxxx.

 

[highland145]

I'm not a tax professional but I paid $20K to the fed last year.

Holiday Inn, help.

 

[highland145]

Do you have a s.c.o.r.e. ?
https://www.score.org/?gclid=CMCbzaGI19ACFZI6gQodHV4E4g

 

[Imp]

The shareholder's meeting is crap. Yes, you need a lawyer to set it up initially but that should be with the corp stuff. 11 years later and I haven't had a single "meeting." I'm 100% share holder and I pay the $25/year for the sec. of state filing fee. Done.

And...if you don't need a corp (???), sole proprietor is the way to go with additional insurance to cover your personal asserts if you're sued for piss poor xxxxx.

I like the idea of a corp. If I get sued into the ground even with insurance, I may be able to just declare bankruptcy. Lot more expenses and headaches but not having to worry as much about being sued every day helps.

It's all the initial/start-up costs for a corp. After it's setup and you know the drill, annual costs are a joke.

 

[Ichinisan]

I have some debts, I will NEVER pay them haha. In layoffs, paying the first installment means that you acknowledge it, which is NOT what you want to do.

Huh? "Layoffs?" Are you talking about borrowing from an employer?

 

[Ichinisan]

Thanks man, I see you do believe in loansharks and 500% interest/year, if what they're doing is legal so is my scheme. And it is 100% legal so... no thieving there Sherlock or should I call you "Gotham Knight", Mr.Economical Vigilante lol

So taking money from a business and the owner/employees is "not stealing?"

 

[Red Squirrel]

There's an unclaimed 1mil lotto ticket in my city and I have a bunch of tickets I need to check, but I'm working so won't be able to check till like Monday. It's bothering me. It could potentially be me!

And lol at the idea of not paying bills. That is ALWAYS going to bite you in the ass, no matter what, not to mention it is basically stealing. You make a purchase that you put on credit, you better pay for it. But I won't comment or intervene further on that one given the mod warning.

 

[Imp]

And lol at the idea of not paying bills. That is ALWAYS going to bite you in the ass, no matter what, not to mention it is basically stealing. You make a purchase that you put on credit, you better pay for it. But I won't comment or intervene further on that one given the mod warning.

Pshh... With an attitude like that, you'll never go bankrupt. How are you going to make 5 by 50?

 

[IronWing]

I'm building a(nother) death ray. I have the ballast in hand, the bulb is in transit, but I need to know the bulb base size in order to order the correct socket. The online description just says "special G24". There are a bunch of G24 socket types so I can't order the socket until I have the bulb. I also need the bulb in hand to determine the measurements for the custom cut filter. The bulb is not arriving in a timely manner. This is holding up my plan.