Recent content by insearchof
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How to claim income
Fantastic explanation Joe! Thank you. That gives me a few good questions for my accountant.- insearchof
- Post #5
- Forum: Product Development, Importing, Sourcing
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How to claim income
Most definitely will. Already have plans to contact my accountant and currently trying to find a licensing attorney locally. I guess I was just looking to see what others had done. But I won't spend any money with either until I'm closer to putting an actual deal together. A corp or LLC can be...- insearchof
- Post #3
- Forum: Product Development, Importing, Sourcing
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How to claim income
If I'm going to focus on licensing products, would it better for tax purposes to handle these as an individual or go ahead and set up an LLC or an S-corp? Would the passive income from royalties be considered like capital gains therefore charged at a lower tax bracket than standard income?- insearchof
- Thread
- Replies: 4
- Forum: Product Development, Importing, Sourcing
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The Licensing Game
GOLD!I'm quickly learning why you have mentioned several times that the big sports programs are difficult to work with....lol. On top of that, there is apparently several more hands in the cookie jar waiting to be paid. So when structuring this type of deal I will need to be certain there is plenty...- insearchof
- Post #198
- Forum: Product Development, Importing, Sourcing
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The Licensing Game
GOLD!First off what an unbelievable thread!! I've gone through the entire thing twice with the second time taking notes to refer back to. I have to admit though, that I got myself all bas-ackwards when i clicked the link for the Keys' method of licensing. One arena you PAY a royalty and the other...- insearchof
- Post #196
- Forum: Product Development, Importing, Sourcing
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The New Guy
INTROGood morning all! I honestly don't remember exactly how I ended up on this forum but when i started clicking on different topics I started finding some pretty interesting information. I've been lurking around on here for the last week or two and kept coming across the book called The...- insearchof
- Thread
- Replies: 0
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