[PPP/EIDL Megathread] The PPP application period has ended but forgiveness, spending restrictions and the EIDL are still open issues. Ask questions about that here. small business |
- [PPP/EIDL Megathread] The PPP application period has ended but forgiveness, spending restrictions and the EIDL are still open issues. Ask questions about that here.
- Another company wants to buy my company out. I won't sell it, but is there any harm in asking them to make an offer?
- About your GS1 barcode... did you buy from GS1 company?
- How should my brother pay me?
- How to go about creating an LLC
- [UK] Tax question about my business
- Executive Orders Just Signed
- SBA Must Recognize Disabled Persons as a Group Discriminated Against
- I need help looking for a good video hosting site.
- Save the bar??? ADVICE WANTED
- I’m not an EMT yet but intend to be, hypothetically how hard would it be to start an EMT Training business? How much would it cost upfront?
- Zoom culinary classes how?
- Do I need a VAT number for a US-based service business (that may execute some work overseas)?
- Deducting Moving Expenses
- return address questions
- 6 Reasons to Use A Business Broker When You Sell Your Company
- ADVICE NEEDED(Marketing Ideas competition separation)
- Paying Sub Contractor
- How to get paid (US) by my Canadian customer.
- Advice on starting a plant nursery
- Serious About Opening an Independent Movie Theater
- Starting a business selling courses on how to do my job, conflict of interest?
- Question for research purposes...
- Need Some Advice or Best Practices on a Company Message Board
| Posted: 09 Aug 2020 12:55 AM PDT Barring recent major changes in legislation the PPP application period has now ended but many of us still need to work out forgiveness and changes were made to the SBA guidelines as recently as the first week of August. This thread is designed to centralize those questions so people with expertise and interest can go into the subjects in depth. [link] [comments]  |
| Posted: 08 Aug 2020 01:18 PM PDT An investment management company got a hold of me and said they wanted to discuss financials and make a bid to acquire my business. It's only 3 years old and I'm not going to sell it but am I taking any risks aside from time to discuss with them and find out what they want to offer as a means of tracking growth over the next 2-3 years? [link] [comments]  |
| About your GS1 barcode... did you buy from GS1 company? Posted: 09 Aug 2020 12:12 AM PDT Hello folks, I'm about to run an e-commerce site selling physical goods. In order to properly enter my target market, I need to go through the importing process, and the barcode is one of the requirements. Did you guys purchase your GS1 barcode directly from the GS1 company? Or any suggestions? Thanks a million. [link] [comments]  |
| Posted: 08 Aug 2020 05:46 PM PDT My brother just hired me to become his office manager for his business that is classified as a corporation. There are only four employees total including me and my brother so it is very small but he is making really decent money. He wants to pay me salary or hourly along with a commission. He asked me to figure out the best way for me to get paid so that I do not get overwhelmed with high taxes. Which would be best.. a COO on a salary, an hourly employee, or an independent contracted worker? Also willing to hear any other options or advice that I may not have considered. These may sound like pretty ignorant questions but I have never held a business job like this before so I really do lack any of this knowledge about payroll info. Thanks so much [link] [comments]  |
| How to go about creating an LLC Posted: 08 Aug 2020 09:55 PM PDT I'm not sure that this question hasn't been asked a thousand times, but what would be a safe, yet cost-efficient method of starting an LLC? A friend of mine told me about Legal Zoom, but I have seen that they had a lot of unessecary costs per reviews. Any suggestions? EDIT: Also, the business I'm trying to start is an online store where I resell sneakers. Eventually scale and sell merchandise and apparel. By the way, I'm in Texas. [link] [comments]  |
| [UK] Tax question about my business Posted: 09 Aug 2020 03:40 AM PDT I opened a ltd company a number of years ago and it has been loss making. I have funded the business out of my own pocket as a directors loan to the company to the tune of about £35k. This amount of money is still owed to me by the business. I have kept the company open (but dormant). I had hoped to be able to start generating cash through a different trading activity at some point in the future. The benefit to me for doing this would have been to be able to pay no income tax on the £35k that I take out of the company in the form of the directors loan repayment. To give context, I'm currently employed full time in IT, so the sort of work I would probably look to do through the ltd company is freelancing or contract work. I've had a few headaches with accountants lately which has made me question whether it's worth just closing the company and getting shot of the hassle. After all, I believe (correct me if I'm wrong), I'd still be able to classify the directors loan as a capital gains loss of £35k which I could offset against investment gains in the future. I'm wondering if someone more knowledgeable could provide a bit of guidance on this? [link] [comments]  |
| Posted: 08 Aug 2020 02:31 PM PDT Actual text hasn't been released yet (if you find a link to the actual text please post it) but main things that affect small business per reporting are: Employee side FICA taxes deferred starting September 1, 2020 (may be retroactively moved to August 1, 2020). Sounds like it was signed as a deferral which means employees will likely have to pay back at tax filing time. If this moves forward then it's likely there will be a push to change deferment into forgiveness to avoid the obvious issues that would ensue next year. Additional unemployment benefit of $400 through end of the year. Obviously people will have political opinions about this but regardless of your thoughts on the legality or what happens with the orders this impacts small business decisions in a variety of ways as it's currently being reported as being written...Make sure that people are able to make more than their total UI possibility moving forward if you plan on hiring through the end of year and make sure your employees know that they may have to pay the fica taxes back at tax time. [link] [comments]  |
| SBA Must Recognize Disabled Persons as a Group Discriminated Against Posted: 09 Aug 2020 02:05 AM PDT The U.S. Small Business Administration refuses to recognize people with disabilities as disadvantaged small business owners. Disabled people (including our service-disabled veterans) are not considered presumptively disadvantaged meaning they have to prove people discriminate against them, thus denying them Federal and State government contracting set-aside benefits for minorities. The SBA's lack of action suggests that disabled persons are not the right kind of minority. Please support this petition to get the SBA to recognize the dignity of disabled people in the economy: [link] [comments]  |
| I need help looking for a good video hosting site. Posted: 09 Aug 2020 12:10 AM PDT I don't have good enough programming expertise to build my own video player. So I need to find a hosting site that has there own video player and site design engine. It's a porn site. [link] [comments]  |
| Posted: 08 Aug 2020 06:01 PM PDT Hello all! A family member of mine owns a niche craft beer bar in Orlando, they are known for having amazing events (always sunny themed nights and stuff like that.) They have turned into a package store/Togo only store. Looking for advice/ideas to generate enough revenue to keep the lights on. [link] [comments]  |
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| Posted: 08 Aug 2020 11:41 PM PDT Hi. I have been doing culinary classes for three years and I love love to cook and teach. With the recent pandemic situation obviously it has stopped and my source of income has come to halt as well. I am thinking to start zoom cooking sessions but I want to make it worthwhile. I want to have a way to make lists and get all the needed grocery also delivered to participants' houses so that they don't have to go grocery hassle. Please suggest me some ideas on how to work it out remotely. [link] [comments]  |
| Do I need a VAT number for a US-based service business (that may execute some work overseas)? Posted: 08 Aug 2020 11:34 PM PDT Specifically, I run a market research firm. My company has not yet executed research in global markets, but I have lots of experience with global research from previous jobs, so as my business grows, it's a possibility. I have been asked for my VAT number in a request for proposal to be a supplier for a US-based global company. Do I need one? (My company would not be selling any goods overseas; but I could be performing research there, which might mean paying for services - like facility rental, etc.). Anyone have any insight? My eyes are blurring from the pages I'm turning up with internet searches on this subject. [link] [comments]  |
| Posted: 08 Aug 2020 03:53 PM PDT LLC filed as S-corp for 2019. I moved from one state to another, and subsequently my business with me (private healthcare practice). I'm wondering which of these expenses will be deductible at the end of the year :-Gas, Office Furniture (used for business, not beds and stuff), food while moving, various fees for state change (eg having to change my license plates or IDs), lodging from the trip (I drove cross country). THoughts? [link] [comments]  |
| Posted: 08 Aug 2020 06:17 PM PDT I'm trying to start up an online shop but I'm not sure about how/if I should put a return address on my packages. i can't afford p.o boxes and most online mailbox services seem to be very fishy, and since I'm a minor I definitely don't feel comfortable using my home address. im considering just not putting one there but would it be strange if customers got their packages from an unknown address? i was planning on not allowing returns anyways because of covid but I'm not sure. [link] [comments]  |
| 6 Reasons to Use A Business Broker When You Sell Your Company Posted: 08 Aug 2020 09:08 PM PDT Think back to a time when you tried to do something that you had never done before... by yourself. How did it turn out? When it comes to the sale of your business, this approach can cost you far more than just lost time. It can cost revenue, employees, confidentiality and, ultimately, the final value of your business transaction. We have organized 6 solid reasons for you to seriously consider working with a business broker when you sell your company. 1. Valuation 2. Operations 3. Experience 4. Confidentiality 5. Marketing 6. The Best Deal Thank you! [link] [comments]  |
| ADVICE NEEDED(Marketing Ideas competition separation) Posted: 08 Aug 2020 09:02 PM PDT I have a site that sells lashes, masks, waist trainers, etc. with 2 of my friends. How do we separate our product from competitors? Site for view We opened and the only sale I got was from my friends mom 😂. Any advice that is positive or constructive criticism 💞 [link] [comments]  |
| Posted: 08 Aug 2020 07:56 PM PDT Hello, I am new to the whole world of being an employer. I recently started a Cleaning company, It's me and another person I've hired based on commission. So every job we do I pay him 20%. This keeps it simple and I don't have to track any hours. Now I have no clue how to pay him, as an employee or a contractor. Please help! [link] [comments]  |
| How to get paid (US) by my Canadian customer. Posted: 08 Aug 2020 03:41 PM PDT I sell software for < $1000 a copy, but struggle to get paid from some countries. I am in the US I have the following : Transfer wise - love them, but they don't accept CAD Stripe PayPal - not a very popular business solution Local credit union bank account - no option to receive non us funds. What is the best solution here? Would an account at one of the evil mega banks like chase or Wells Fargo be the answer? [link] [comments]  |
| Advice on starting a plant nursery Posted: 08 Aug 2020 03:33 PM PDT I'm thinking of starting a small, home-based houseplant business from home. Any advice on where to start? [link] [comments]  |
| Serious About Opening an Independent Movie Theater Posted: 08 Aug 2020 06:27 PM PDT Hello all, I made an account to ask this question! I am a 24M who graduated from a Top 10 University (I only mention this as it may be pertinent information) with a Bachelors in Economics. I have been working in real estate since graduation making roughly 70k/year after-taxes. I've been living beneath my means and have saved about $65k (easily liquefiable) — this is all I have to my name. I live in California. Business will be based in the greater Los Angeles Area. Through a financial lens I would describe my risk tolerance as "extremely high" as I am willing to couch surf and survive on canned food for a couple years if that's what it takes to make this happen. In short, I understand there is risk involved with the business I am describing. To keep this as brief as possible — my true passion in life is movies and I set my sights on owning a theater roughly four years ago. The theater will be focused primarily on showing classic, international, and indie films. Ideally a two-screen theater occupying roughly 7,500-10,000 sq. ft. building. Over the past year or so, I have learned much of what there is to know about the theater business (I've spoken with owners, read up on operation logistics extensively, etc.) so I am not looking for advice on how to operate a theater but rather how to fund one. I have compiled a ~30 page informal business proposal plan (which can easily be cleaned up for presentation) so I'm confident in the idea itself but unsure of where to take it next. Without getting into unnecessary detail, I will need ~$1,250,000 to start the exact type of business I plan on. This number includes consideration for rent, equipment, wages, distribution fees, taxes, insurance, and so on. I would like to break ground on the project as soon as reasonably and responsibly possible given the current pandemic situation. I anticipate many theaters may be closing in the near future and, because I don't see the industry disappearing any time soon (once again, nothing for sure here — willing to take a risk on this), I would like to "strike while the iron is hot." Further, as I anticipate many replies recommending that I push this project back a couple more years, it's worth noting that for personal / life reasons I want to get started on this as soon as possible (without being cavalier/irresponsible obviously). I'm not necessarily pursuing this for the money (though I of course want my business to be highly successful and plan on working industriously to make that happen) so the thought of giving an angel investor or whomever 20-30% of my net won't cause me to lose sleep at night. With this being said, any and all constructive criticism is welcomed. Thank you in advance! My specific question is: What do you think my best option for funding is, given the circumstances I have described? So far I'm most interested in the idea of an Angel Investor, but I don't know where to start or at all what that transaction would look like. [link] [comments]  |
| Starting a business selling courses on how to do my job, conflict of interest? Posted: 08 Aug 2020 12:03 PM PDT I'm in a niche field of sales, and I've been thinking about starting a business selling courses on how to do this particular niche of sales. I've been doing some reading on conflicts of interest and I'm not 100% certain that this either is or isn't one. My initial thought was that as long as I'm not performing the job for someone else, then it could be okay. Emphasis on "could", because again, I'm not so sure. Are there any recommended resources that I can consult for this or has anyone had this experience before?? [link] [comments]  |
| Question for research purposes... Posted: 08 Aug 2020 05:00 PM PDT If you currently own or manage a business, what are the biggest problems or challenges your industry is facing right now? [link] [comments]  |
| Need Some Advice or Best Practices on a Company Message Board Posted: 08 Aug 2020 02:48 PM PDT Hello all! I need some help or advice on what system would work best for what we need. We work in a niche industry and often have technical questions that need to be answered based on interpretation of current laws and regulations. We have started a "Compliance Team" to answer these questions, but I am desperately trying to get this out of email format. I'm looking for a message board type of forum, where the questions can be searched and updated in the future with similar but slightly different situations. We want the questions to be asked on some sort of form, where the employee would pose the question, note where/what they have already researched on the topic, and then their suggested answer or solution. We are trying to push them to research ion their own first, before posing the question to the Compliance Team. I've looked at Teams and Sharepoint Discussion Boards, are there any other suggestions for this type of thing that have worked well for you? [link] [comments]  |
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