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  1. CareCPA

    Ownership Confusion

    Simple. They'll figure it out when they aren't asked to sign the partnership agreement or articles of incorporation. If these don't exist, then in the eyes of the US, they actually are part of a de-facto partnership.
  2. CareCPA

    How Do You Invest for Your Children?

    INVESTING 
    Our first it on its way. Here's our plan: Invest in ourselves and our business. By becoming financially sound, we can pick and choose how to help them financially in the future. The 529 is a little too restrictive for me, and the UTMA/UGMA accounts don't let me have enough control if my kids...
  3. CareCPA

    Looking for some advice on affiliate broker for betting sites

    Not off the top of my head - again, not my area of expertise. Maybe someone with more experience will chime in. Based on my limited time on the forum, I don't think there are a ton of affiliate experts.
  4. CareCPA

    UpWork - Follow My 0-$$$$ Journey...

    HOT! SIDE HUSTLE 
    I'll throw in some personal experience if you don't mind. I do some accounting gigs on Upwork. I think I'm about 2 for 10 recently (about the same as the poster above). I do personalize all proposals and spend some good time on each one. I think it very much depends on your area of expertise...
  5. CareCPA

    Looking for some advice on affiliate broker for betting sites

    Never heard of that, but I also don't put tons of time into gambling. To answer your original question, there are two ways I know of for affiliate deals. First is going through an affiliate broker (the ones I'm familiar with are websites that list a bunch of affiliate deals). The second is going...
  6. CareCPA

    Looking for some advice on affiliate broker for betting sites

    What is "risk free gambling"? I'm not understanding the value you are providing to people.
  7. CareCPA

    Selling my Ecommerce Business

    GOLD! 
    Doesn't really surprise me. We all know how sue-happy the US is. Literally any physical product could have the same concern.
  8. CareCPA

    Shiny Object Syndrome and the money chase

    EXECUTION 
    To side track a little... It is very easy to have real estate that cash flows, and to show $0 income on your schedule E, at least for about 30 years.
  9. CareCPA

    Ethics

    Agreed. Raise your ethical concerns properly - first directly to the manager, and then above them if it doesn't get resolved. If you get fired and it isn't resolved, contact the regulatory agency over the accountants. Blindsiding your boss is just embarrassing for everyone, and in the US they...
  10. CareCPA

    Only for people who have been around for at least 2 recessions ! (Recession is coming!!!)

    HOT! MINDSET 
    Sure you can. That's what this entire thread is about. What would you do now to set yourself up for success when the next recession comes? There have been some solid answers in here. My personal thought is to have businesses that are high cash flow, so that when the next recession comes you can...
  11. CareCPA

    Only for people who have been around for at least 2 recessions ! (Recession is coming!!!)

    HOT! MINDSET 
    Isn't another recession always coming? Do you think the global economy will continue to grow without ever retracting? History says otherwise.
  12. CareCPA

    Fear and Action-Faking in Entrepreneurship-- a 19 year old's guide to askholing.

    NOTABLE! 
    I didn't think you'd be rich by now. But with all the weeks of ad campaigns, I would have thought you would have sold one product. What is your total advertising cost so far to not sell a product? How long will that take to recoup at your current rate?
  13. CareCPA

    When did you realize the system is rigged?

    NOTABLE! 
    I would hope my clients see the value in what I do. That's why I do my best to not charge by the hour. I try to charge based on the value I provide to my client. Sometimes I win and sometimes I lose, but in the end if the client felt they were getting what they paid for, then I did my job. Even...
  14. CareCPA

    Lead Gen. - From Action Faker to €€€ - While Getting My Shit Together

    EXECUTION 
    Welcome. I think this is an excellent example of your insecurities. Don't apologize for your progress thread intro - own it. If it's not what you want it to be, go back and make it what you want it to be. The same will apply to business. If you aren't getting the results you want, don't sit...
  15. CareCPA

    What skill would you say is the most valuable in today's economy?

    HOT! 
    Second this. Know what you're good at, and what's a waste of your time to learn. So, I guess self-awareness would be the skill.
  16. CareCPA

    My eyes are now open.

    INTRO 
    Welcome. In daily interactions, I find that the people who appear the richest have the most debt, and can barely make their payments. Often, the people that look poor have all the money, since they didn't waste it on all the crap that they needed to look rich.
  17. CareCPA

    Escape the Borg! - My Journey to Freedom, Ecommerce

    GOLD! 
    Just posting to say that this is an incredibly motivating thread. Looks like you're killing it out there!
  18. CareCPA

    How to Get Up at 5 AM every day ?

    HOT! MINDSET 
    Awesome point. I wake up early because I have a job that still believes in working during normal business hours. When I can disconnect my productivity and my earnings from the time of day, I won't be as motivated to wake up early - I'll sleep when my body tells me it's time.
  19. CareCPA

    How to Get Up at 5 AM every day ?

    HOT! MINDSET 
    My method: Step 1: Set alarm clock Step 2: Get up when alarm clock goes off. I understand that others have difficulty with Step 2. I'm actually interested to hear answers since I have other areas in my life I would like to increase my discipline with, and I have a feeling some of the answers...
  20. CareCPA

    [Progress] Sanctus Nutrition - Supplement Company (and first real entrepreneurial pursuit)

    NOTABLE! 
    I was also wary that this was going to be another "supplement" company, but it seems like you've put a lot of research into this. I'm not a bodybuilder, but I still like to know what I'm putting in my body. As you mentioned in your post, anytime I see "natural flavors" on packaging, it makes me...

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