small business

Been in business for 38 years same location. I own a 7000 sq ft building on a 30000 sq ft lot . 16 employees Cash flow 1.5 million- business owner takes out 200 k salary. Everything is paid for . Profit on the books to keep from being taxed is around 25-50 k a year . I’ve got two employees...

Can someone help me understand this structure? Limited partnership(P1, P2, and C-Corp as general partner) owns a single member llc. The SMLLC performs service oriented work. Income generated from the SMLLC is passed through to the LP. LP issues K-1 statements to P1, P2, and C-Corp. P1 and P2...

Hi, I am exploring a simple business checking account for two LLCs and I would appreciate your guidance considering the below: Revenue is

My Payroll (Gusto) will create 2 line items on my bank: 1 for the Direct deposits of Payroll wages. Fine. 1 for the Taxes. (where i have issue) The issue with the taxes line is that it INCLUDES both the Employee taxes and the company taxes. (1 extract for what seems like it should be 2. But...

I have this one guy, let’s call him A. Off the bat, he’s weird. But I can handle weird. The problem is that he talks so much it’s driving me insane. It’s not just random bullshit, it’s all highly technical talk about plant varieties, fertilizer components, soil biology so it’s not exactly...

I am at a crossroads... I run an online affiliate marketing business. There are certain tactics that work very well, sort of loopholes and untapped angles and niches. I want to scale, hire and build out a team of 5-10 to run a division of my business that I have been managing that takes me...

If you're looking for ways to connect to entrepreneurs and all-around interesting people, my spouse has had great success with these: Become a member at The HUB Attend the eSAX networking event Go to Invest Ottawa events Attend C100 Accelerate Montreal Attend Ottawa Business Summit [video] She...

I recently received an official looking email from "Credibility Corporation" with domain dandb.com, which works hard to represent itself as being Dun & Bradstreet, requesting information due to a complaint about insufficient information. In case you get one of these, it is a SCAM, an attempt at...

I'm in need in of a large walk in freezer, I have enough space for W:16ft x L:36ft x H: 9ft but would appreciate any information on how to start and or any recommendations. I was told to look for local contractor as jst buying the panels, compressor, wiring and then setup would run more trouble...

I am so glad that I found this feed. I have some questions and need to pointed to the right direction. So, thank you in advance: I opened up an LLC. Would it be possible to make my DBA my {first name} {last name}? If I change to DBA, do I need to do anything to my current business checking...

Called today to SBA hotline 1-800-695-2955 to get a status update on my application that I applied to on 3/30. Rep said: 1) SBA tech team has not built out system to check on application portals 2) do not expect your money in 3 day turnaround time 3) if I haven’t heard anything within 10...

Any info about best ways to file my 1065 and add it to the taxes I already submitted (used Turbotax but printed and sent by mail to the IRS) would be super helpful. It's me and one other partner but I am the majority owner of the business. I had no idea a 1065 existed as this is my first year...

Need some advice on a business dealing I spoke to a silent partner of a company im an employee of that is worth around 10m and will do 3m in profit this year. I bring in around 40% of the gross revenue. The main owner wants to sell me at a 10m evaluation. But I spoke to one of the silent...

A month ago I posted about how I sold my 18 month old business for over 100k but the buyer stopped making payments. Update. We gave him a 30 day demand letter and he didn’t respond. We are serving him papers and he has 21 days to respond or it goes to default judgement. I found out via an...

It started when I was over at my friend’s house that he bought a few years ago. It is in one of those new fancy schmancy townhome developments that have tripled their home value in the past few years... His house came with all the best home appliances like smart wifi systems, kitchen sink that...

Free shipping & free return Flash Sale Free sample/Free trial/Free demo Free Gift Gift with purchase Coupon BOGO: Buy one get one Volume discount/Bundled products Social media contests & giveaways Referral discount Donate a portion of the purchase Subscription/Recurring sale Discount for the...

Is USPS driving anyone else crazy? They are losing outbound checks from my business at an increasing pace, and it's getting really annoying. I am just curious if a) anyone else is seeing this same issue, and b) what, if anything, you are doing about it. A little background... I run a small...

Hello. If you can make it through the long read, I appreciate it. I am 31 and have been self employed in the remodeling industry since 2015. Most of that time I was physically on the tools and self performing most if not all work, specializing in Kitchen & Bath remodeling, finish carpentry such...

Today I officially hit a personal goal... $1MM in revenue . Peanuts compared to our largest competitor, but man is it a long way from where we started. Still a one man "side hustle," still dreaming of one day "quitting my day job," that I still work 8-5 every day hah! Today marks a 200% y/y...

I’ll make this as simple as I can. I received my eBay 1099-K. I use my account for personal AND business. - eBay says I made $12k. However, NONE of the items I sold for personal and for business were at a profit. NONE. Since that’s the case, I owe no taxes because I made no profit as...