Business owners, what's the worst thing you hate your client does before they close the deal?
I'm in negotiations with a landlord to take on an 1800 sq ft space. He is covering all the buildout and we will be the landlord to 6 art studios. We also have a burgeoning small business that could make a decent profit. Taking on the space we realistically could make $500-$1000 profit per month with a free work space. That profit is just from rentals, not possible business profits.
However, my wife just disclosed that she has over 15k in credit card debt to me.
I haven't signed any binding deals yet. Should I continue with this or back out?
I can provide more information as needed.
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Since the start of this year I've been really focusing on playing a lot of poker. As it stands now, I've made around 13k since the start of the year. Unfortunately, I live in Illinois where we have a gross tax law that says gamblers can't deduct their losses. So if I win $100, I have to pay tax on that at 5%, but if I then turn around and lose $100, I still have to pay $5 in tax even though I've made no money.
The reason I'm posting here is I believe my best choice would be to make a self proprietorship, however, this is where I need some help.
As I understand it, I don't have to register anything with the county/state as long as my business is in my own name. I believe it would be reasonable to consider this a business as I put in a lot of volume, have purchased resources to help grow my ability, and have a social media presence (twitch, youtube, twitter). So I believe that all of my winnings/losses so far this year could be considered business income and expenses.
I do of course play under a screen name, and publicize as the screenname, not myself. If I were to go to the county office and make a self proprietorship under that name, would my business not start until the is filed with the county? And thus, everything I've done so far this year would be personal income and I couldn't deduct losses so far this year?
Would there be a way to "change" the name of my business from my name to the name I play under? And thus, the first 3 months I would've just had a self proprietorship under my name?
I realize this might be a post for r/tax, but I thought the main question revolved around when something can be considered a self proprietorship.
Hi all! I ended up applying to be a notary in the state of NJ for a job that didn't end up working out. So now I'm a notary public in New Jersey with no use of it! My uncle mentioned that I could start my own business of being a mobile notary.
I'm not looking to make a million dollars, but even an extra fifty dollars every week would help me out. Has anyone started their own mobile notary business and what steps and tips should I take?
I was planning to run an ad on Google when my stamp comes in and take it from there, but what else would I need to get this going?
Hey Reddit, I am looking to open a business checking account within the next couple of days and wondering which bank should I go with? I’m thinking a larger national brand, but who has the best perks or lowest threshold to entry? Or even, developing a relationship with them and pulling a small business loan.
I have a restaurant business that is going to be selling in 3 weeks at the local farmers markets then soon after a brick and mortar.
Hey Small Business people, thank you in advance.
My wife has the midas touch when it comes to dessert, everything she does comes out really good.
She is looking to maybe doing a micro venture into catering desserts to parties and gatherings and we are looking for your expertise on this area.
I have experience on starting up businesses from Home (set website, get clients, regulatory stuff, EIN, Insurance,etc) but we are clueless on the ins and outs of the making dessert from home endeavors.
Do you have any experience on this or similar ventures? What is your go to advice?
We are planning to start lean, do it from home or from a cheap rent-a-commercial-kitchen so we don't have much overhead, I am a photographer as a hobby so I will take care of the product shots/website/marketing/etc.
Any word of advice would be great. How did you promote? What challenges you phased? What would you have done differently? should we price agressively or in line with comperitors?
soo many questions…. am rambling right?