Poodlebrain LSU Fan Way Right of Rex Member since Jan 2004 18503 posts
re: If you had the opportunity to start a small business(Posted by Poodlebrain on 11/7/12 at 10:32 am to rented mule)
Most start ups fail because they are under capitalized. Given current uncertainties with regards to cost of regulatory compliance, it is difficult to forecast the capital requirements for a new business. I would be very cautious trying to start a business with significant capital requirements. Fortunately, I am a CPA, and my business depends on my personal services rather than capital investments.
JOHNN LSU Fan Baton Rouge Member since Nov 2008 2615 posts
re: If you had the opportunity to start a small business(Posted by JOHNN on 11/7/12 at 12:07 pm to Meauxjeaux)
quote: 3- My wife is Hispanic and we're gonna suck the shite out of whatever dollas Benbama can set aside for us...
(j/k on 3)
Why not use it though? I'll be able to get my company started in the next year or two and I guarantee itll be under my wifes name because of all the tax breaks we would get. In your case if your company would be owned by a woman AND minority, thats big money there.
hugo LSU Fan CenLa Member since Sep 2007 748 posts
re: If you had the opportunity to start a small business(Posted by hugo on 11/7/12 at 1:00 pm to JOHNN)
What kind of breaks would be available if the women owned the business? I am fixing to start doing some work for a buddy of mine doing computer maintenance from home? Would I benefit from starting a business in her name while I do the work?
C Army Fan The Woodlands, TX Member since Dec 2007 23619 posts
re: If you had the opportunity to start a small business(Posted by C on 11/7/12 at 1:05 pm to hugo)
quote: Would I benefit from starting a business in her name while I do the work?
Some cities require a certain % of work to go to small minority or women held businesses. It's not a major plus, but it doesn't hurt. There is absolutly no benefit if you are a white male on the application.