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  1. CareCPA

    "Operating Agreement" for your LLC

    Entity formation is a state activity, so it is possible that in some states you would need to record your Operating Agreement with the state. I've never filled an entity in a state that required this, however. Operating Agreements are incredibly important if you have other partners. If you...
  2. CareCPA

    "Operating Agreement" for your LLC

    Did the instructor happen to be a lawyer who could conveniently write up an operating agreement for you? For just a small charge of course...
  3. CareCPA

    Where are all the Mobile Home Park Investors?

    HOT! REAL ESTATE 
    Also, one of the (bigger pockets?) podcasts I listened to recently stated that zoning approval can be difficult depending on where you live.
  4. CareCPA

    $500,000 Side Revenue By 2019 Or Bust - A Crypto Follow Along

    HOT! CRYPTO INVESTING 
    Poor phrasing, I mean amount of time from when a thread is posted until it's marked Notable by @MJ DeMarco. This one is full of useful, actionable information.
  5. CareCPA

    $500,000 Side Revenue By 2019 Or Bust - A Crypto Follow Along

    HOT! CRYPTO INVESTING 
    Is there a record for amount of time to Notable? I would think this one would be close. This is awesome information, and is a nice addition to the day-trading info I've been absorbing. My biggest limitation is that I don't have 14 hours a day to watch charts, so the though of automating is very...
  6. CareCPA

    The Cryptocurrency Investing Discussion

    CRYPTO INVESTING 
    I hope it's overall dollar value, and not percentage gains. Would make things more interesting since @James Fend seems to be more of a day trader and @JScott seems to be more of a buy and hold guy.
  7. CareCPA

    A Story of Rapid Execution

    EXECUTION 
    This seems like an excellent option for those who want to hold the coin long-term. Essentially getting dividends to hold something you were going to hold anyway. I would be interested in more information as you build this out. Google-ing is notoriously sketchy in the crypto space, so it's hard...
  8. CareCPA

    I assume this is some kind of experiment (since you appear to enjoy studying human behavior and...

    I assume this is some kind of experiment (since you appear to enjoy studying human behavior and its influences), but that won't stop me from saying "thanks."
    • CareCPA
    • Profile post
  9. CareCPA

    Before you pick a Financial Advisor....

    RANT 
    Looks like I missed this the first time through. I'm probably reiterating points that were made already, but this thread is one giant wall of text.... First issue - most FA's are actually salesmen. They make commissions on mutual funds, insurance policies, etc. If you ever wonder why a FA is...
  10. CareCPA

    Repercussions of firing bad customers?

    PEOPLE 
    This is the benefit of being a one-man (actually one-family) show. I can make the decisions on who my bad clients are. My mentality is the same as mentioned above - bill them more. Either I'll finally get enough to make it worth dealing with them, or they'll leave. Win-win.
  11. CareCPA

    Did You Learn How To Use Quickbooks? Or Do You Leave That To Your Bookkeeper?

    The goal is usually to be successful enough so that you're actually making more money by paying someone else to do it, so you can focus on the higher level tasks. In the beginning, sure, do it yourself as you bootstrap. Eventually, I would recommend spending your time on ways to grow your...
  12. CareCPA

    Did You Learn How To Use Quickbooks? Or Do You Leave That To Your Bookkeeper?

    I understand accounting and do accounting. I would take my answer with several grains of salt if I were you.
  13. CareCPA

    $100k 2017

    EXECUTION 
    So I have to ask - what have you done differently in 2018 so far?
  14. CareCPA

    Free Accounting Software: If you need software, use these guys

    NOTABLE! 
    I wish direct bank transfers (I guess ACH is the term I want) were as popular in the US as in other countries. When I did internal audit I was auditing a division in the UK. Our procedures were US-based, so they included a lot of questions about the storage and security of blank checks. The...
  15. CareCPA

    Free Accounting Software: If you need software, use these guys

    NOTABLE! 
    Pretty much. It's tough if you have low margins. Not as tough if you're a service business.
  16. CareCPA

    I'm a 7 figure eCommerce Seller and Here's My 2 Cents

    HOT! 
    That would be fun!
  17. CareCPA

    Taxes on Cryptocurrency questions (U.S.A.)

    CRYPTO INVESTING 
    This is called tax evasion. I'd be careful about posting such thoughts publicly.
  18. CareCPA

    Taxes on Cryptocurrency questions (U.S.A.)

    CRYPTO INVESTING 
    The technical answer is: whenever you trade from one currency to another (whether from fiat to alt, or alt to alt), you must recognize a gain or loss on that transaction. Depending on your level of activity, this could be tricky (to say the least). The IRS of course has not put out too much...
  19. CareCPA

    Money System Management: Real Example, Closed-End Fund

    NOTABLE! INVESTING 
    Most likely. State taxes are a pain because there are 50 different sets of rules, so I can't say for sure that they would be taxable in your specific state, but as a general rule, yes.
  20. CareCPA

    Free Accounting Software: If you need software, use these guys

    NOTABLE! 
    I believe ACH is free, but they charge fairly standard CC processing fees. Accept Credit Card Payments, Payment Processing | QuickBooks

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