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    Who I am, Where I'm at in life and Why I'm here

    INTRO 
    Welcome Brendan, Do you plan to keep with the lawn care business & grow it? Or do you have no interest in the lawn care business and rather find something else. You can most certainly scale any service business & make good money off of it but, you need to have a "Durable Competitive...
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    Go to college? Get a good job? Live in basement forever?

    HOT! 
    Business isn't for everyone, everyone here knows that. I also have no problem with college if you don't want to own a business & rather have a career. The problem that I have is government guaranteeing loans & students majoring in stupid degree's (Liberal Arts, HR, Women's Studies, Ancient...
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    Too scared to fail: Millennials aren't starting businesses

    GOLD! MINDSET 
    Interesting Article Thanks For Posting, I think the big thing that Yahoo's article missed is, the ECONOMY isn't just Tech Companies or an APP Company. An economy is based off production of valuables & goods. A lot of people don't have the SKILLS to start a tech company or don't even know how...
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    how much tax do you have to pay in your country?

    HOT! TAXES | REGS 
    ^ Agreed forgot payroll taxes, compliance & consumption taxes.
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    Is labeling yourself a "Startup" the slowlane?

    SLOWLANE 
    Interesting thread, While I feel that it's good that people are starting businesses in the US. I also feel that there is a lot of hype on being a "Entrepreneur" or building a "Start-up", its just another fad/trend. Everyone and there mother is trying to build the next BIG APP, SOCIAL NETWORK or...
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    how much tax do you have to pay in your country?

    HOT! TAXES | REGS 
    In the US It depends on which state you incorporate in & wether you're a S-Corp or C-Corp. C-Corp: 0%-35% Federal + State Corp Tax Rate + Obama Care Tax S-Corp: 0%-20% Federal + State Corp Tax Rate + Obama Care Tax Personal Income Tax: Salary: 0%-39.6% Federal + State Income Tax (High Earners...
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    Launch strategy for brick motar shop

    MARKETING 
    @sammich! I think first you need to give us a better explanation on the location of this business (City, Rural) Is it on a main street? Is there a lot of foot traffic? What's the population in the town? Have you gotten licensed/permit yet by your state food/beverage department? How many SQ/FT...
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    Using Offshore Holding Company To Avoid Tax

    TAXES | REGS 
    Your best bet is to talk with a tax attorney/tax professional. I follow a couple guys on using foreign corporations to minimize my tax liability since the USA taxes you on your worldwide income. Within the next year I'll be in the process of moving one of my corporation to Hong King & moving my...
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    Business Insurance

    Bump
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    Business Insurance

    Hey guys, I'm in the market to find a new insurance company for my businesses, my policy is about to expire and I wish to no longer do business with the local company I use. I'm in the process and getting quotes from the big 5 insurance companies, but I figured i'd ask here to see if anyone has...
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    [RANT]: Raise the minimum wage! This is so unfair!

    GOLD! EXECUTION 
    It's always funny when talking to someone with the "Entitlement" mindset & the whole minimum wage issue. "I've been working at McDonalds for 8 years as a fry cook and i'm only making $8.10/hr". McDonalds/Wal-Mart should be paying us $15. I always tell friends that are stuck in the rat race...
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    If you have an LLC - how are you paying yourself?

    Both my businesses are LLC's & are taxed as an S-Corp. My tax guy said the same thing that health status has said but I do 50% salary then 50% in distributions.
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    Thoughts on Cars (subtitle... why you should not buy a Lamborghini)

    NOTABLE! MINDSET 
    Great Post By @Vigilante. While I've never gone in debt to own a vehicle. I learned a GREAT lesson on car depreciation when I bought my second car when I was 17 my senior year in highschool. Bought an 03 Cadillac DTS In 09 (Always loved and admired Cadillacs) for 15k Cash w/ 38k miles on her...
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    Best place to park money?

    HOT! INVESTING 
    Interesting point, I mean it's been fluctuating from $19-21 per once for about a year now so it's not much different then an stock. Do you buy from a private bullion dealer? I haven't sold any of my silver because it's a long term investment for me. I've just been accumulating more and more when...
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    Best place to park money?

    HOT! INVESTING 
    Tough place since your only looking to park your cash for two to three years. Why don't you invest it for the long term? I just exited some of my positions in the stock market because everything is over valued. If I were you, Put 10% of that money in physical gold bullion, 90% in physical...
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    What the f*ck are they saying

    HOT! 
    Even though we all $h!t on US education system. Plenty of people overseas want and value US education. Many of them studying in the US and head back home after done with school. In my opinion I think the "education industry" is going to see some major changes within the next 3-5 years obviously...
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    Traditional Investing or Invest In Another Company?

    EXECUTION 
    haha thanks!
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    Traditional Investing or Invest In Another Company?

    EXECUTION 
    In my opinion your crazy (If your serious about business & investing) to have your assets in a 401k, IRA, Roth IRA. I know plenty of small business people who max out there IRA, 401k ect just because they can take the deductions. But is it really worth it? (401k Ramble) Tax brackets are at an...
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    422% hike on renouncing citizenship following FATCA and global tax reporting laws!

    TAXES | REGS 
    Lucky for me I can get citizenship in Greece & Australia because of my parents.
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    422% hike on renouncing citizenship following FATCA and global tax reporting laws!

    TAXES | REGS 
    True, It's funny how people get so scared of messing up taxes I've never done my own always have my CPA do it. It's also funny how all the new small businesses that are being created by the millennials are all mostly digital, I had a couple of friends that used to have fairly nice small...

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