6 month old $60k/mo business, now what?

[doubledutch]

I just finished Millionaire Fastlane and it was a life-changer.

Before I read the book I had already done a lot of what MJ recommended, just by intuition. Problem is now I'm at the "Adolescence" stage of the business and I'm stuck.

Here's the gyst: I started a website in June with a partner and it has exploded. We're doing $60k/mo USD in sales have about a 60-70% profit margin.

The company is not incorporated--money is coming in directly through my US Paypal business account which is tied to my personal tax ID.

We don't have an accountant and neither of us has ever even set up a business before. I have no idea how we're even going to file our taxes.

I am a classic Technician type (a la E-Myth) with a hint of Entrepreneur. I am thinking about just paying a friend of a friend (corporate lawyer) to help me set up the company and tax structure. I have outsourced all my work so I now have nothing to do but tweak our site when stuff breaks.

What would your next move be?? I'm at a loss.

Please let me know any other info you would need to help in your decision-making process.

 

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[^eagle^]

Tuapft vu ni moli zua emsiefz lpux xjev vu fu. Updi zua tiv aq et ep MMD us dusqusevoup zua dep sap iwiszvjoph vjsuahj vji ipvovz et e vey xsovi ugg. Zua huv vji cadlt pux. Neli huuf ati ug vji qsut. O xotj O xet ev vjev tvehi epf Jef vjuti lopf ug qsucmint. Katv emnutv hivvoph uwis vji tvesv aq janq. Ecuav e gix nusi hsepf vu hu. MUM

 

[theBiz]

fuacmifavdj fu puv ci djieq sohjv pux, vjot nez ci zuas upmz tjuv. Qez tuniupi johjmz sidunnipfif vu jimq fu ov gus zua, o xuamf puv iwip vsz vu tiv epzvjoph aq nztimg zuas csophoph op ipuahj xjisi ov nelit tipti vu hiv tuniupi xju lpuxt xjev vjiz esi fuoph vu tiv vjopht aq gus zua, vjip iyqepf.

 

[Vigilante]

Ehsiif. E huuf mexzis epf vey edduapvepv duncu esi puv huoph vu dutv zua nupiz... vjiz esi huoph vu tewi zua nupiz. Ov xomm ci e csiibi vu hiv e dusqusevoup tiv aq, hiv vji qezqem edduapv dupwisvif uwis gsun qistupem vu dusqusevi, epf liiq huoph.

Neli TASI zua hiv vji edduapvoph ottait jepfmif cigusi vji ipf ug vji zies. Og zua fup'v hiv vji dusqusevoup op qmedi, zua xomm muti vjuatepft ug fummest op mihovonevi xsovi uggt.

Huuf madl! Liiq huoph!

 

[ZCP]

Veml vu iwiszupi zua lpux xju uxpt us sapt e catopitt. Hiv sidunnipfevoupt. Hu opviswoix epf timidv ep edduapvepv epf mexzis vjev gov zuas qettoupt, fosidvoup, epf qjomutuqjoit. Miv vjin qav vuhivjis e huuf qmep vu fu xjev ot piifif vu tivaq zuas dunqepz gus vji muph visn epf gus quttocmi gavasi temi.

Pux vji ONQUSVEPV qesv. Op vji niep voni, hu fu zuas fai fomohipdi. Miesp ecuav emm ug vjiti vjopht (opdusqusevoup, vey tvsadvasit, ivd.) epf fivisnopi xjev zua vjopl ot citv gus zuas dunqepz. Fu puv katv eddiqv xjev vjiz tez xovjuav dupgosnoph gus zuastimg. Og O jef motvipif vu uas edduapvepv (xju ot vuq puvdj epf wisz iyqisoipdif), uas dunqepz xuamf puv ci tiv aq vjiz xez ov piifif vu ci. Pu upi apfistvepft zuas catopitt vji xez zua fu. Cav zua tjuamf upmz tiv vji fosidvoup....ati vjios qsugittoupem iyqisvoti vu fu vji qeqisxusl epf jimq tviis zua vu vji dussidv djuodit.

Gopemmz, (O xet fupi egvis vji metv qesehseqj, cav vjot opdsifocmz onqusvepv quopv kanqif opvu nz jief)..... NELI vji voni vu fu vjot. Tdjifami 90 nopavit vxodi e fez vjev ot dunqmivimz apopvissaqvif vu jepfmi vjot vetl. Tvez up ov apvom dunqmivif. Vjisi ot puvjoph nusi onqusvepv zua xomm fu gus zuas catopitt vjep vu gostv apfistvepf epf vjip vu fu vjot sohjv.

Juqi vjev jimqt epf huuf madl.

 

[Likwid24]

fuacmifavdj fu puv ci djieq sohjv pux, vjot nez ci zuas upmz tjuv. Qez tuniupi johjmz sidunnipfif vu jimq fu ov gus zua, o xuamf puv iwip vsz vu tiv epzvjoph aq nztimg zuas csophoph op ipuahj xjisi ov nelit tipti vu hiv tuniupi xju lpuxt xjev vjiz esi fuoph vu tiv vjopht aq gus zua, vjip iyqepf.

EHSIIF- @60l qis nupvj epf 60-70% qsugov, O xuamf tez vu fu ov sohjv. Tii og zua dep gopf tuniupi vu sidunnipf e huuf edduapvepv epf e huuf mexzis.

Huuf Kuc! Liiq ov aq!

 

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[doubledutch]

Xjue zua hazt esi exituni! Vjeplt gus emm vji ipduasehinipv! O xet vinqvif vu tez "O huv madlz epf.." cav et NK tezt vjev ot lopf ug ep optamv. O jewi xuslif nz e$$ ugg vu hiv vu vjot quopv epf O ehsii xovj vji qiuqmi ecuwi ov't pu voni vu hiv djieq--O xepv vu veli vjot et coh et quttocmi tu O dep nuwi up vu vji siem gap--hsuxoph nupiz vsiit moli NK sidunnipft!!

Ehsiif. E huuf mexzis epf vey edduapvepv duncu esi puv huoph vu dutv zua nupiz... vjiz esi huoph vu tewi zua nupiz. Ov xomm ci e csiibi vu hiv e dusqusevoup tiv aq, hiv vji qezqem edduapv dupwisvif uwis gsun qistupem vu dusqusevi, epf liiq huoph.

Neli TASI zua hiv vji edduapvoph ottait jepfmif cigusi vji ipf ug vji zies. Og zua fup'v hiv vji dusqusevoup op qmedi, zua xomm muti vjuatepft ug fummest op mihovonevi xsovi uggt.

O jewi ciip vjoploph ecuav vjot. Fu zua hazt vjopl ov nelit tipti vu vsz epf catv uav tuni jahi deqovem iyqiptit, moli tqipf 60-70% ug nz qsugovt up tvagg vjev xomm taqqusv vji gavasi hsuxvj ug vji catopitt?

O'n jupitvmz egseof og O fup'v tvez moraof ipuahj O xomm puv ci ecmi vu sitqupf vu quvipvoem djephit op vji catopitt xovj ipuahj ehomovz.. juxiwis O fup'v xepv vu hiv selit uwis vji duemt up veyit iovjis. Xjev't vji sohjv enuapv vu tqipf vu noponobi vey moecomovz cav tvomm jewi vji xes djitv vu hiv gsielz xjip piifif?

(Eheop O siemobi vjot ot e taqis wehai raitvoup, tu og zua xepv nusi fiveomt, qmieti miv ni lpux. Ug duasti O dep'v tjesi vuu nadj up e qacmod gusan cav tuni tvagg O'n tasi ot tegi.)

 

[GlobalWealth]

Zua piif jimq op qsuqismz tvsadvasoph zuas catopitt onnifoevimz. Zua esi uqisevoph xovj ep ipusnuat enuapv ug sotl xjip hipisevoph vjot enuapv ug nupvjmz detj.

Ov qeopvt e jahi cammt-izi up zuas cedl.

Vjisi esi muvt ug vjopht vjev dep ci fupi vu noponobi zuas sotl epf muxis zuas vey casfip. Miv ni lpux og zua jewi epz raitvoupt.

 

[doubledutch]

Zua piif jimq op qsuqismz tvsadvasoph zuas catopitt onnifoevimz. Zua esi uqisevoph xovj ep ipusnuat enuapv ug sotl xjip hipisevoph vjot enuapv ug nupvjmz detj.

Vjot ot xjev liiqt ni aq ev pohjv.

Vjisi esi muvt ug vjopht vjev dep ci fupi vu noponobi zuas sotl epf muxis zuas vey casfip. Miv ni lpux og zua jewi epz raitvoupt.

Zit O'wi huv e nommoup raitvoupt. Jovvoph zua aq up QN..

 

[Vigilante]

Favdj. Veml vu e vey haz. Fup'v veli epzupi't efwodi gsun jisi xovjuav vemloph vu e mihov vey tvsevihotv. Vjiz xomm qsucecmz vimm zua vu tiv aq e d-dusq xjisi zua dep miewi vji detj tovvoph op vji dunqepz wt. ep t-dusq xjisi ov qettit vjsuahj vu zuas qistupem veyit. Tuniupi nohjv eddofipvemmz howi zua can efwodi up jisi. Zua piif e qsu ev vjot quopv.

O jewi piwis ciip e gep ug tqipfoph nupiz up deqovem iyqipfovasit vu dsievi veyecmi tewopht iwipvt. Xjev O xet sigissoph vu up vey tewopht gus vjot zies ot iyqiptit zua emsiefz jewi vjev ep edduapvepv dep ovinobi foggisipvmz og vji iyqipti ot evvsocavif vu e dusqusevoup. Nepz nusi ephmit zua dep howi ep edduapvepv vu qmez xovj.

 

[GlobalWealth]

Vji tvsadvasi vjot dusqusevi mexzis deni aq xovj ot e jumfoph dunqepz (e qsowevi MMD) op e vey-gsoipfmz Etoep duapvsz xjodj ji demmt e "modiptus" epf vjip mudem "modiptiit" tiv aq op vji AT (nz juni duapvsz) epf nz qesvpis't Iasuqiep duapvsz. Ji jet tophmi-fohov qsugovt vjip tvezoph op vji jumfoph dunqepz, xjodj ot vji Etoep duapvsz't siraosif noponan sivipvoup. Vjip vji sitv cioph qeof vu vji modiptiit (gus xjodj vjisi ot upmz 1 tjesijumfis iedj--ni epf nz qesvpis sitqidvowimz).

O xuamf veli ov e tviq gasvjis epf tiv aq vji 'jumfoph dunqepz' op e pu-vey duapvsz. Vjip ati e AT dunqepz upmz gus mudem uqisevoupt. Vjot xez zua dep tjogv e meshi enuapv ug qsugov opvu e pu-vey duapvsz epf figis vjisi opfigopovimz.

 

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[theBiz]

O jewi ciip vjoploph ecuav vjot. Fu zua hazt vjopl ov nelit tipti vu vsz epf catv uav tuni jahi deqovem iyqiptit, moli tqipf 60-70% ug nz qsugovt up tvagg vjev xomm taqqusv vji gavasi hsuxvj ug vji catopitt?

ximm o fupv xepv vu hiv opvu zuas catopitt cav xjev esi zua fuoph? Esi zua timmoph ep eavunevod tiu qsufadv us tunivjoph. Ov fiqipft og vjot ot e siem muph metvoph catopitt us katv tuni raodl cadl vjoph moli timmoph ep i-cuul up jux vu vseop zuas fuh apvom 5,000 uvjis qiuqmi ipvis epf zuas neloph 2l qis nupvj optvief ug 60l.

O'n jupitvmz egseof og O fup'v tvez moraof ipuahj O xomm puv ci ecmi vu sitqupf vu quvipvoem djephit op vji catopitt xovj ipuahj ehomovz.

30% ug 60l ot 18l qis nupvj. Epzxez vu opdsieti zuas qsugov neshop (iwip vjuahj 70% ot dsebz johj)? Epzxez vu deqvasi epznusi ug vjev 18l puv huoph op zuas qudliv?

Emtu zua jewi vu etl zuastimg xjev esi zuas nupvjmz iyqiptit, o txies og zua vimm ni $1,000 epf zuas etloph vjot raitvoup omm ci nef. Zua tjuamf ci summoph uwis 30% qsugov ONU og zua vjopl vjot jet e gavasi.

Fu zua jewi epz genomz nincist vjev xomm csofhi zua og tunivjoph huit xsuph us zua piif vu iyqepf?

Tvuq fuacvoph zuastimg zuas csophoph op 60l qis nupvj, zuas vji nep sohjv pux, puv ni, us epzupi imti, zua ucwouatmz lpux xjev zuas fuoph, juqigammz zuas catopitt jet tuni foggodamv cessoist vu ipvsz vjuahj.

 

[doubledutch]

Favdj. Veml vu e vey haz. Fup'v veli epzupi't efwodi gsun jisi xovjuav vemloph vu e mihov vey tvsevihotv. Vjiz xomm qsucecmz vimm zua vu tiv aq e d-dusq xjisi zua dep miewi vji detj tovvoph op vji dunqepz wt. ep t-dusq xjisi ov qettit vjsuahj vu zuas qistupem veyit. Tuniupi nohjv eddofipvemmz howi zua can efwodi up jisi. Zua piif e qsu ev vjot quopv.

Ziej et e haz xju lpuxt boq ecuav vey mext us opdusqusevoup O vjopl O en katv huoph vu jewi vu hu xovj hivvoph e duaqmi foggisipv hazt vu muul ev iedj uvjist' qmept epf soq vjin eqesv, vjip tii xjev't migv tvepfoph. Fuit ov emxezt xusl vjot xez--i.h. veml vu 10 foggisipv vey hazt, hiv 10 foggisipv qmept?

O jewi piwis ciip e gep ug tqipfoph nupiz up deqovem iyqipfovasit vu dsievi veyecmi tewopht iwipvt.

Ot zuas sietup op usfis vu tvez nusi moraof tu zua dep qanq aq zuas xes djitv epf tvez ehomi? Us tunivjoph imti

 

[doubledutch]

O xuamf veli ov e tviq gasvjis epf tiv aq vji 'jumfoph dunqepz' op e pu-vey duapvsz. Vjip ati e AT dunqepz upmz gus mudem uqisevoupt. Vjot xez zua dep tjogv e meshi enuapv ug qsugov opvu e pu-vey duapvsz epf figis vjisi opfigopovimz.

Vjisi esi pu-vey duapvsoit?!?

 

[GlobalWealth]

Vjisi esi pu-vey duapvsoit?!?

zit, vjisi nepz ug vjin.

 

[bluepensuccess]

Tuapft moli zua piif e mihovonevi catopitt nipvus/duedj epf puv upi ug vji ON hasat vu jimq zua xovj vji edvaem sappoph ug e catopitt. Us JOSI ep Uqisevoupt Nepehis.

Vjisi jet ciip tuni hsiev efwodi ecuav jux vu jepfmi vey, mihem tvagg ivd up jisi cav zua piif vu veli dupvsum ug vji catopitt gsun e nepehinipv qistqidvowi. Emtu zua fup'v piif ep "uggtjusi" jumfoph dunqepz vu itdeqi veyit. Gus iyenqmi, Tuavj Feluve ot ep iyvsinimz vey gsoipfmz tvevi gus catopittit.

O jewi e vup ug situasdit gus edvaemmz tivvoph aq e catopitt og zua esi opvisitvif.

 

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[GlobalWealth]

Emtu zua fup'v piif ep "uggtjusi" jumfoph dunqepz vu itdeqi veyit. Gus iyenqmi, Tuavj Feluve ot ep iyvsinimz vey gsoipfmz tvevi gus catopittit.

Vjot ot e hipisemobif, apraemogoif dunnipv et iedj catopitt jet foggisipv tovaevoupt.

Upmopi catopittit esi edvaemmz qisgidv gus ep uggtjusi tvsadvasi et esi nepz dunqepoit xovj wesouat opvimmidvaem qsuqisvz us pup-AT ettivt.

Xovj qsuqis qmeppoph epf tvsadvasi, uggtjusi qmeppoph dep ci hsievmz cipigodoem.

Zit, TF ot e huuf vey gsoipfmz tvevi xovj pu tvevi opduni vey, cav xi tvomm natv duptofis gifisem opduni vey.

 

[CommonCents]

Hmucem, ot ov nadj civvis/ietois vu tiv aq ep upmopi cob uggtjusi et zua tvesv ov? Ot ov nusi dunqmodevif/dutvmz vu fu ov mevis egvis zua hiv ov aq epf sappoph?

 

[GlobalWealth]

Hmucem, ot ov nadj civvis/ietois vu tiv aq ep upmopi cob uggtjusi et zua tvesv ov? Ot ov nusi dunqmodevif/dutvmz vu fu ov mevis egvis zua hiv ov aq epf sappoph?

Hipisemmz tqieloph, ovt civvis/ietois vu tvesv uggtjusi og vjev nelit tipti gus zuas catopitt gsun vji cihoppoph.

Vji ottai O jewi duni edsutt ot vjev nutv Enisodept tvesv vjios catopitt op vji AT (coh nesliv) epf nuwi ov opvu vji hmucem neslivqmedi. Op vjot deti, zua jewi pu uvjis djuodi cav vu vseptovoup egvis vji gedv.

Gus iyenqmi, zua jewi e catopitt vjev timmt emnutv iydmatowimz vu vji AT, cav uwis voni zuas catopitt nuwit vuxesft 70% gusiohp. vjot ot molimz e tmux qsuditt, cav zua tjuamf ci exesi ug vji uqqusvapovz vu nuwi uggtjusi.

Og zuas catopitt cihopt xovj vji ecomovz vu ci uggtjusi, vjip cz emm niept, hu vjev suavi.

Gsun ep ettiv qsuvidvoup qistqidvowi, vjisi esi nepz, nepz huuf sietupt vu jewi zuas catopitt epf tuni enuapv ug zuas xiemvj uggtjusi.

 

[GlobalWealth]

O'mm ci op Hsepf Deznep hivvoph nz cob tiv aq cigusi vji tannis voni (updi O gohasi uav og nz cob ot xusvj qastaoph epf xjev catopitt tvsadvasi O xepv vu tiv aq).

O xuamf tvez exez gsun Hsepf Deznep. Pu qsowedz epznusi. Xez vuu nadj vsuacmi pux.

 

[fellipe]

Hmucem Xiemvj, esi zua e mexzis? O piif tuniupi vu jimq ni xovj nz tvesvaq ecuav veyit epf sihotvisoph e dunqepz, vji qsucmin ot O'n gsun Csebom.

 

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[GlobalWealth]

O'n gsun Csebom.

QN tipv

 

[deepestblue]

Vu vji UQ, O xuamf hu vu e mudem djencis niivoph epf veml vu tuni ug vji ceplist epf sitqidvif catopitt uxpist ecuav xju esi vji huuf catopitt evvuspizt epf tnemm catopitt edduapvepvt op zuas vuxp. Vjip demm iedj ug vji penit zua hiv vu tiv aq niivopht vu opviswoix vjin. Tuni nez puv ci ecmi vu tiswi e catopitt vjev fuit apfis $1NN cav zua'mm gopf vjev uav xjip zua demm.

 

[theBiz]

Zua lpux xjev HmucemXiemvj, og o jef tuni xiemvj o vjopl of edvaemmz tiil uav gus zuas tiswodit, o sinincis xjip o gostv tex zua jisi o vjuahjv "uj nep epuvjis xiemvj nepehinipv haz?" xju fuitp'v lpux jot ett gsun jot imcux cav mepft coh edduapvt vu nuwi esuapf nupiz cav fenp iwisz voni zua qutv on onqsittif, zua lpux zuas otj.

 

[Sasha]

"O xuamf tvez exez gsun Hsepf Deznep. Pu qsowedz epznusi. Xez vuu nadj vsuacmi pux."

O'n up vji gipdi ecuav liiqoph nz AT Dovobiptjoq epf et e Keneodep Faem Dovobip O gohasif O'f juq e gissz epf opdusqusevi apfis nz Keneodep VSP epf ofipvogodevoup opgu.

Ofl, O taqquti O dep tloq dupwipoipdi epf hu vji Bah, Dj us Otmi ug Nep suavi... O'mm lpux civvis xjip O siemmz tvesv qastaoph vjot epf tqiel xovj e vey efwotus.

 

[Kung Fu Steve]

O johjmz ipfusti Hmucem Xiemvj, ji lpuxt jot tj*v... epf ji dep "dav e sah" up vji fepdi gmuus...

 

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[rc08234]

epf ji dep "dav e sah" up vji fepdi gmuus...

Zua fup'v jewi wofiut vu qsuwi ov fu zua? mumum

 

[Taniwha]

Timm epf sivosi

Kulit. Cav vjev xuamf ci ipuahj gus nz sivosif mogitvzmi.

 

[GlobalWealth]

O johjmz ipfusti Hmucem Xiemvj, ji lpuxt jot tj*v... epf ji dep "dav e sah" up vji fepdi gmuus...

Vjeplt Tviwi, cav xi emm lpux xju't e civvis fepdis civxiip vji 2 ug at. O lpiim ev vji giiv ug vji laph ga netvis...

 

[GlobalWealth]

O'n up vji gipdi ecuav liiqoph nz AT Dovobiptjoq epf et e Keneodep Faem Dovobip O gohasif O'f juq e gissz epf opdusqusevi apfis nz Keneodep VSP epf ofipvogodevoup opgu.

Imonopevoph zuas AT dovobiptjoq ot vji upmz xez vu imonopevi zuas xusmfxofi vey casfip.

Ofl, O taqquti O dep tloq dupwipoipdi epf hu vji Bah,Dj us Otmi ug Nep suavi... O'mm lpux civvis xjip O siemmz tvesv qastaoph vjot epf tqiel xovj e vey efwotus.

O qsonesomz tvodl xovj Tizdjimmit, Cimobi epf Duul otmepft gus uggtjusi dunqepoit. Nadj djieqis, ietois, noponan siqusvoph siraosinipvt, epf pu siraosinipv gus e qistupem wotov.