The Entrepreneur Forum | Financial Freedom | Starting a Business | Motivation | Money | Success
  • SPONSORED: GiganticWebsites.com: We Build Sites with THOUSANDS of Unique and Genuinely Useful Articles

    30% to 50% Fastlane-exclusive discounts on WordPress-powered websites with everything included: WordPress setup, design, keyword research, article creation and article publishing. Click HERE to claim.

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Join free.

Join over 90,000 entrepreneurs who have rejected the paradigm of mediocrity and said "NO!" to underpaid jobs, ascetic frugality, and suffocating savings rituals— learn how to build a Fastlane business that pays both freedom and lifestyle affluence.

Free registration at the forum removes this block.

thewalkingtemple

Contributor
Read Fastlane!
Read Unscripted!
User Power
Value/Post Ratio
198%
Oct 28, 2020
44
87
What's the benefit of creating such a company if you don't get any outside investment?

Couldn't you do all the same stuff in your own account then?

Or you are planning to later get investors?
I'm doing everything from my account, but I'm restricted as to what I can do as a retail trader in the country of operation. Furthermore:

1. Considerable tax benefits (in the country in which I am operating from)

2. Scalability - possibility to open up to investors / customers later (actually by default, it starts with 1 customer - me), hire new staff / contractors later, easier for international operations, etc.

3. It exists as a separate entity from my own existence - Decoupling. This gives me personal freedom to manoeuvre.

It would make sense even if you choose to apply the CENTS framework to answer your questions.
 
Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

Post New Topic

Please SEARCH before posting.
Please select the BEST category.

Post new topic

Guest post submissions offered HERE.

Latest Posts

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Ideas needing execution, more!

Join Fastlane Insiders.

Top