@conservativechristian So you sank 10k into this.
What kind of numbers did the previous owner do monthly?
Crazy idea, pick up the phone and start calling farmers markets to see if you could set up, restaurants, cafes and small businesses.
@bmh3d I'm definitely speaking for US only and IANAL/IANYL.
From experience most tax collection agencies will use virtually ANYTHING at their disposal to get money and not put people in jail unless it was serious intentional fraud. Had a boss who had a full time accountant, full time...
@beebert AliBaba is just a deal facilitator, not selling anything themselves. They didn't mis-classify anything. The company in china you actually bought from caused a massive tax bill.
Having a lawyer familiar with importation rules for your locale would be the best option to not get a massive...
@mignonvds Rule 1) No Single Client leaving can be the reason for cash flow downturn failure. < I can "fire" any client and it won't cause the biz to fold.
Rule 2) No client is worth my sanity. < Thanks to rule 1, I am not dependent on any singular client, and if they are too much of a...