- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Starting an LLC
Posted on 2/2/16 at 4:02 pm to Mo Jeaux
Posted on 2/2/16 at 4:02 pm to Mo Jeaux
quote:
he'll be paying a chunk in fees and now a pant load of taxes.
Why?
Because Uncle Sam likes to spend other people's money?
Income tax (state and federal), self employment tax, payroll tax, possibly sales tax, probably some city or parish business licenses, occupational licenses, etc.
Seriously, if its a high school kid, summer job type business, just making a few thousand, keep it off the grid.
If he's trying to make it a career or a long term business, then he'll eventually have to, but id wait until i had no other choice and needs to start deducting business expenses, etc. Keep it simple and keep the government out of it as much as possible.
This post was edited on 2/2/16 at 4:36 pm
1
Posted on 2/2/16 at 5:11 pm to EvrybodysAllAmerican
quote:
Because Uncle Sam likes to spend other people's money? Income tax (state and federal), self employment tax, payroll tax, possibly sales tax, probably some city or parish business licenses, occupational licenses, etc. Seriously, if its a high school kid, summer job type business, just making a few thousand, keep it off the grid. If he's trying to make it a career or a long term business, then he'll eventually have to, but id wait until i had no other choice and needs to start deducting business expenses, etc. Keep it simple and keep the government out of it as much as possible.
Well yeah, but this is based on information that we didn't know at the time. I'm an attorney who forms LLCs all the time, so I know the issues, but it seemed like you were basing your opinion on unknown info.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News