/biz/ - Business & Finance

[Anonymous No.18465277]

Have you ever had a successful business venture?

About 6 years ago I started getting really interested in brick and stonemasonry, so I watched a lot of youtube videos on how to do it, read a bunch of books, and bought tools and practiced in my parents' back yard.

I eventually got a job with a charity housing development program that builds homes for poorfags and worked as a 1099 contractor for them, and they paid breddy gud since all salaries were tax writeoffs.

I started posting my work on facebook and through word of mouth got offered a lot of side jobs by people, making patios, walkways, BBQ pits, stone underpinning for mobile homes, I even managed to make a pretty good fireplace. The more I did it the better I got at it.

I took a year off and was about to get back into it then coronavirus happened, so now I'm chilling in my house doing nothing. Anyone have any similar stories?

[Anonymous No.18465423]

>>18465277
Currently working for the police doing digital forensics. Hoping to get myself some skills/contacts so that I can eventually transition myself in to working privately or freelance in a few years. Might even start up my own lab down the line, but that’s decades away.

[Anonymous No.18465470]

>>18465423
That sounds interesting anon. What got you interested in that sort of work? Do you have a professional education or are you self taught?

[Anonymous No.18465580]

>>18465470
Got a degree in it at university since I always enjoyed forensics and computers, figured I might as well just merge the 2 together. Also figured crime ain’t going away anytime soon and the way things are going literally every case is gunna have some form of a digital aspect to it. Left uni and did shit restaurant work until I got accepted somewhere for a forensics job. Not been working in the field long but some of the stories are pretty crazy. Could even write a book done the line about the shit I’ve seen/experienced.

[Anonymous No.18465658]

>>18465277
I starter a limo/chauffeur biz at 23, been doing it for 7 years. Was really conservative and never expanded because of times like this exactly.

[Anonymous No.18465715]

>>18465277
In the UK and im sure in America, (if thats where you are anon?) You can make some serious money doing stonemasonry. A friend trained as a stonemason and has been doing some big projects lately. I helped him price some jobs up and was shocked at how much he could make. One job was renovating the stone work at a big mansion and replacing the driveway and it was going to net him £250k. He's a rubbish business man though so ended up fucking it up unfortunately, but if you are reliable and know your stuff or can at least learn quick on your feet you can make some serious cash.

[Anonymous No.18465767]

Stone & Granite worktops are a good money maker. If you can learn how to fit those well you can also make some good cash also.

[Anonymous No.18465798]

Yes upwards of 50p per brick in the uk. (used to be). Bricklayers were making up to 2k per week in the summer.

[Anonymous No.18465888]

>>18465580
tell us some storys

[Anonymous No.18466124]

>>18465277
If you do good brick/stone work you should still be busy even with coronavirus. Lots of people that are rich looking to get work done around their homes and developers that are still working on projects that require stone/brick work

[Anonymous No.18466253]

>>18465715
Yeah between regular contracting and side jobs the most recent year I did it I made about $225k and I only worked 3 days per week.

>>18466124
I am constantly getting emails and calls from locals, especially now. I still do jobs here and there when I feel like it. I have actually lived way under my means since moving out so I still have a six figure savings account. I just cba to go out in the shit storm. I'm not worried about getting sick, but people have been out panic buying stuff and it takes longer to get supplies at the moment. Not worth it right now.

[Anonymous No.18466291]

>>18465580
ygmi

[Anonymous No.18467409]

when I was 21 I was a "meme warrior" in 2015 I made some stuff on youtube on stuff I made on my phone/ipad. Then from that ad revenue I bought a MacBook Air; I know shit but still and upgrade. From their I started making better meme videos with FCP, Motion & Photoshop. Then I started dating a roastie who worked in a talent agency and from that when I started getting big $$ freelance jobs. I got to travel to Hawaii, New York, Australia, and Switzerland. I edited vlogs, stuff for certain think tanks. Did high paying gig in Aus for the gay marriage thing where I made an anti-gay marriage ad. Then I started working in studio city in LA. I was just editing weed commercials and banners for the weed business whatever else my manager could throw at me.

Then one day I come in with a green protein shake and fat whale says "that looks gross"

I responded with "not as gross as your muffin top"

her crying whale sounds still crack me up to this day. Was fired on the spot but my manager thought it was pretty funny lol.

Then I edited porn for a few months. Got paid in crypto. Made like $5k from editing porn and that $5k turned into around $40k during the 2017 crypto bull run.

Was a need from 2017-mid 2019.

I started Nursing school a few months ago but still comfy on from the money I made

[Anonymous No.18467586]

>>18465277
Is working with lime putty much different then working with cement? I see lots of old brickwork ruined with cement. Would like to learn how to repair.

[Anonymous No.18467869]

>>18467586
What kind of cement? In masonry if you're not using lime or portland, you're fucking over your client, and they're both considered classes of cement. Lime has good flexibility and autogenous healing. The set time is shit but the permeability makes it much better for most jobs. The only time I ever use portland instead of lime is if I'm doing any work in a damp or wet area, since portland can set while wet due to impermeability regarding water.

[Anonymous No.18467890]

>>18467586
>>18467869
Also if you want to learn how to "repair shitty old mortar work" you need to learn a process called repointing stone. That's something you'll have to look up but it's not a very tedious process and you can probably do it yourself without the help of an experienced mason if you have at least two functional brain cells.

Hope this helps.

[Anonymous No.18467899]

>>18465767
uh no.to many beaners cutting jobs in their backyards.

[Anonymous No.18467909]

Very similar. I've had a tile business for 6 years now. I net $50 per hour for every hour of labor.

I like it but it's fucking my body up. Wish I knew how to lay brick and stone I've heard it can be great money

[Anonymous No.18467926]

>>18465658

How's the money?

[Anonymous No.18467936]

>>18467899
It isn't about undercutting competition. The profit margin on turning rough granite into a countertop is pretty high. The downside is the tools required to do it efficiently are pretty expensive and take up a lot of room.

I personally haven't done any granite countertops. Backsplashes and bathroom finish tiling are the closest thing to finish masonry I've ever done. I'm more of a structural mason so take my opinions with a grain of salt.

[Anonymous No.18467938]

>>18467409
Quick rundown on editing porn? Is it as grim as it looks?

[Anonymous No.18467948]

>>18465767
Can be good money there.

What stops me though is you need a big van or truck for the stone and you need a second set of hands sometimes even a third guy.

I like businesses where I can work alone and still make money.

[Anonymous No.18467975]

>>18467936
i run a granite shop with all lthe edge machines and saws. im breaking even right now competing with beaners cutting the shit off the back of there truck. Its lucrative if you dont scale and you keep doing it in your back yard. Only a matter of time before the city starts snooping around though.

[Anonymous No.18467978]

>>18467890
Good to know. Thanks

[Anonymous No.18467992]

>>18467909
Congrats. Every tiler I've ever met has been a total bro and pleasure to work with when we cross paths.

That being said my biggest piece of advice in masonry is to work out regularly and don't eat shitty food. Stay hydrated and stay active. If your body doesn't work, you don't make any money. You absolutely NEED to stay in shape and fit. Do lots of stretches, eat nutritious meals at regular intervals, don't overeat, and lookup exercises to strengthen your back and core.

I have known many very skilled masons forced into early retirement because their health habits were poor. You absolutely have to get in the gym if you want to make it past 50. Another good tip I can say is don't get too greedy. Don't make yourself work 6-7 days a week. You need rest. Spend time with your wife and kids. Play fetch with your dog. Play some video games. Read a book.

[Anonymous No.18468004]

>>18467992
im getting mexican vibes from you

[Anonymous No.18468012]

Bumping this shit since it's an actual business thread on this godforsaken crypto ridden board for once

[Anonymous No.18468022]

>>18468004
Why's that? I'm not Mexican btw just curious.

[Anonymous No.18468030]

>>18467992

I hear that. I only work 3 days a week.

My health routine is:

2 massages a month
2 chiropractic adjustments per month
1 Hot Yoga session per week

I stay pretty healthy but I'm getting a little trouble in my neck and shoulders

[Anonymous No.18468047]

>>18468012

It's pretty fucking rare around here.

[Anonymous No.18468052]

>>18465423
what would the demographic consumer be for a private digital foresnsics lab? soiboy husbands trying to prove their cheating thots are cucking them?

[Anonymous No.18468072]

>>18468022
because you're profit margins are to high to me. you have guys that work for you, do you pull permits etc etc? or you just do shit through faceberg

[Anonymous No.18468090]

>>18468030
Start lifting bro you won't regret it. You will notice a difference in your flexibility and ability to maintain a good pace. If you want to get into masonry the best way to start is through an apprenticeship. If you tell them you have a lot of tiling experience I doubt they'll start you as a brick mong or mortar bitch. Barring that there are a handful of really good books that I can recommend

Modern Masonry 8th edition
The Art of the Stone Mason
Practical Masonry : A Guide to the Art of Stone Cutting

[Anonymous No.18468099]

>>18467869
Portland cement is what I was referring to. I saw an old church wall a long time ago and in some areas the face of the brick had cracked off. Later I found out that it was because someone used Portland cement to repair but with the old bricks. I see this damage a lot and thought it would be a good skill to learn.

[Anonymous No.18468102]

yes

Owning a service business sucks. just got 25k from PPP though

I recommend getting a real education or speculating on shitcoins.

I have a few 100's of thousands of dollars - its all worthless though. Who even cares anymore

[Anonymous No.18468109]

>>18468090

Thanks

[Anonymous No.18468110]

>>18468052
My guess would be agencies would contract them out.

>>18468072
The only people who worked for me were family members. I live in rural New Hampshire. We don't have Mexicans here. Only French-Canadians.

[Anonymous No.18468118]

I worked as a grphic designer, but seeing that everybody is just downloading templates and doing the same exact shit I went over to editorial design. Made books for every amateur writer to sell in amazon. Bought a couple thousand bucks in facebook ads and did five figures in two months. Grew tired of it. went back to neetdom.

[Anonymous No.18468122]

i have no business sense bros but im smart and a hard worker and have capital and good ideas but i can never see a path to getting them off the ground. the only business ive done successfully was drug dealing and loan sharking as a side gig and ive made a lot of easy money from it but i cant figure out how to do something normal. like for instance i live in a country right now that desperately needs some high end peanut butter and want to start importing adams peanut butter and even growing and making my own but i havs no clue how the fuck id import peanut butter here without getting retarded prices on it. feels like everyone else can do this kind if thing no problem but me. feels bad man.

[Anonymous No.18468126]

>>18468102
>I have a few 100's of thousands of dollars - its all worthless though. Who even cares anymore

Go to therapy anon.

[Anonymous No.18468183]

>>18468110
im interested in this now. I hate granite industry because there is to many people in the process as a fabricator. buy the slab talk to designer pay some stupid fucking beaner to do a job the he fucks up. Pay a guy to go around the jobs sites/customers homes for a surprise visit to make sure they are not fucking anything up.

[Anonymous No.18468225]

Bought an invisible fence business last March. Did 80k total revenue last year. So far at 40k since January 1st. Things are looking up.

[Anonymous No.18468229]

>>18467409
>Editing porn
Are you the guy that camera switches to the dude's face right before the money shot? Because it's based.

[Anonymous No.18468248]

Im strongly considering getting into a beer tap vehicle service. Basically have a sweet old truck retrofitted to dispense beer. Charge a premium and work wedding and parties pouring beer.

Im a wagie in a cagie and its killing me. Im getting fat, its high stress and is killing my soul.

[Anonymous No.18468266]

>>18468126
i tried. I pay $500 a month for health insurance which is supposed to include therapy but I can't get access because I am a white male

[Anonymous No.18468293]

>>18468122
>I'm smart and have good ideas
>Can't figure out ho to import peanut butter wholesale with a profit margin
Put in the work and grind until you find a way. No one is gonna hand it to you or they'd just do it themselves.

[Anonymous No.18468327]

>>18468293
This

[Anonymous No.18468331]

Bought a business last March for 35k. It essentially was nothing to the previous owner. They maybe turned 45-50k a year in revenue.

From March of last year to the end of the year we did 80k in revenue. This year so far we have done 40-50k. Things are looking up. Never underestimate common sense and good customer service.

[Anonymous No.18468342]

>>18468331
Nice to hear

[Anonymous No.18468367]

>>18465277
LMAO is this supposed to be some kind of accomplishment, oh hey I can stack bricks, guess what faggot I just built a Lego set let's guess which took more effort.

[Anonymous No.18468366]

>>18468331
how do you find buisness for sale? havent found a trust worthy site

[Anonymous No.18468385]

>>18468122
>import peanut butter
If you are actually looking to Make it, you import bulk quantities of raw PEANUTS and come up with a decent recipe yourself.

[Anonymous No.18468407]

>>18468366
A friend we grew up with parents were selling it. Networking is probably your beat resource. I had an opportunity to buy equity in a what was presented to me as a simple coffee shop. It turns out to be a medicine size distribution warehouse and coffee shop. Kick myself for being a cheap fuck

[Anonymous No.18468439]

Arnold was a bricklayer. He made shitloads rebuilding after California earthquakes.

[Anonymous No.18468443]

>>18468367
3/10
Troll better

[Anonymous No.18468461]

>>18468366
Local/regional business publications/newspapers. Talk to local chamber of commerce

[Anonymous No.18468464]

>>18465580
How does one get into this? I’m very experienced with fraud and hacking. I am a very good social engineer. I know more than most people in IT. I just look like a brainlet because I never learned how to code. A few years ago, I found a bug on PayPal where I could reset anybody’s PayPal password. I reported that, it’s the only whitehat move I’ve ever made. Only made $10k

[Anonymous No.18468570]

>>18467938
some of the BTS footage would be pretty bad, thots crying, some chicks shoving shit in them that would poke through the bottom of the abdomen in the front. I wasn't there for the filming but putting the "story" together was always easy $$

[Anonymous No.18468599]

>>18465658
>he doesn't take on unlimited leverage knowing the fed will bail him out if it goes south
ngmi

[Anonymous No.18468600]

>>18468229
I would edit a lot of solo/masturbating scenes. Only edited girl on guy a few times.

[Anonymous No.18468651]

>>18465277
I'm starting my first business venture. Got the idea. Tested it. Fucking baller. Got a group to market to with deep pockets. Got production solved.

Any tips?

[Anonymous No.18468954]

>>18468651
Sounds like you got it figured out.

[Anonymous No.18469060]

Can we start a daily business general? /dbg/ or something.

[Anonymous No.18469204]

>>18469060
This. While I do enjoy crypto talk, it has run wild. We need a DBG.

[Anonymous No.18469296]

>>18468122
Motherfucker you can easily make a PB that outperforms the market quality and then undercut the overpriced shit.

[Anonymous No.18469307]

>>18465277
Do you do ICFs?

[Anonymous No.18469312]

>>18468122
Motherfucker you can easily make a PB that tastes better than the supermarket stuff and then undercut the overpriced shit.

[Anonymous No.18469347]

>>18468122
what region are you from?

[Anonymous No.18470034]

>>18468651
Everyone will try to nickel and dime you. Stay strong on your price and offer more services instead of lowering the cost

[Anonymous No.18470114]

>>18467909
Tile shop here I charge customers about $125/hour labor and pay my guys about $50/hour. Keep on keepin on

[Anonymous No.18470147]

>>18465277
Tile shop / remodeling company now. I’ll do anything I can put a 2.5x markup on and that my guys are able to do. Pretty comfy. Legit Canadian plumber status

[Anonymous No.18470471]

I have a number of ideas for businesses but I am always concerned about whether I'll actually be able to sell my products and services. This has been the biggest thing stopping me from going ahead with the ideas.
How do I actually do a gap analysis to find out if there is a market that'll buy my product?

I'm young and I haven't had the chance to build my self-confidence (read: believe that people actually want to buy my stuff), so any tips would be appreciated.

[Anonymous No.18470887]

Swimming pools

[Anonymous No.18471438]

>>18469347
Im guessing eastern europe

[Anonymous No.18471459]

>>18465277
I really wish I could get autistic about something enough to make a job of it.

[Anonymous No.18471506]

>>18468570
Jesus fuck. She got something shoved up her ass and it ripped through the front like fucking creature in Alien?

[Anonymous No.18471531]

>>18471459
Me too, my interest in anything burns out after a couple of weeks max.

[Anonymous No.18471710]

>>18471459
>>18471531
Absolutely this. I can get interested and proficient in a thousand things relatively quick but I burn out or lose interest. Wish I could just find my calling/real passion.

[Anonymous No.18472270]

>>18470471
Read the 4 hour work week and you will find out the techniques to market test your ideas.

[Anonymous No.18472646]

>>18467992
May I ask which specific tasks are the ones who that fuck up your body in masonry?
Over time, which motions are the ones that are causing the damage?

[Anonymous No.18472924]

>>18465277
Are those 'bricks'? Do you live in Africa or something?

[Anonymous No.18472990]

>>18468122
How did this gyps work out how to use a computer?

[Anonymous No.18473004]

>>18467409
I talked to you on the nrx forum you’re a sick cunt.

[Anonymous No.18474111]

>>18465658
hey homie, is that my briefcase?

[Anonymous No.18474983]

Nice thread for once. I spent the last year and a half gathering contacts, going to networking events, visiting companies on the pretext of being a designer of sorts. I have a BS in a health science and I've never had a job in that or designing, so it's kinda rough. I haven't "designed" anything in probably a year at this point, but I'm about to start a research/trainee position at a university with a man I believe to be a genius who does industrial design. He showed a lot of interest in what little I did and now I'm going to try to learn from him. I still have the vision, but times where I can work on my potential business is spent trying to learn a language, looking for a new job, and learning how to program. I'm thinking of rolling them all into one and make a website where I write in the language and populate with a portfolio.
I'm lost, but this research position seems to be my light at the moment, I can see it giving me valuable skills, I just hope I don't have to choose between a semi-paid trainee position and a job offer better than my own. I also have to learn to avoid thots.

[Anonymous No.18476328]

>>18465277
Same but with 3d modeling for games and film. Freelance is slow now though.

[Anonymous No.18476523]

>>18465277
your words encourage me anon. I plan on going into either carpentry or masonry after i bang out this associates i'm working on.

[Anonymous No.18476824]

I'm a wantrentrepreneur right. I am starting to write down my ideas though. Does anybody else do this? I'm actually hoping to get laid off so I have more time to collect myself and determine my path.

[Anonymous No.18476991]

>>18465277
im a copywriter
I got into online marketing years ago and tried out a whole bunch of stuff. I built affiliate websites, built an email list, ran an info marketing business. but I realized I liked copywriting the most.
so I got really into it, I bought a bunch of courses, went through all kinds of books ands tarted offering my services to clients. I worked frrelance for a couple of years and last year I kinda lucked out and got recruited by one of the biggest companies in my industry. I was actually supposed to move to the US to work inhouse for them but the corona thing cockblocked me. Im making pretty decent money, I get mentored by some of the top guys in the industry and I honestly like my work even though it can be stressful sometimes. top guys in my field can rake in high six to seven figures so I just wanna see how far I can push it. its also pretty sweet because I can work from literally anywhere and its a skill where you can just get better and better. and the better you get the more money you make because I get a percentage on all the sales I create for my clients.

[Anonymous No.18478482]

>>18476991
What's the quickest way for someone to get their feet wet as a copywriter?

[Anonymous No.18478637]

>>18478482
suck jewish dick. just like anything else worthwhile.

[Anonymous No.18478664]

>>18472646
all of it.

[Anonymous No.18479438]

>>18465423
>>18465580
I'm a physics major and good with computers. I've always wanted to do forensics stuff. Give me a run down in what skills you have and can I get a job in this now or do a little startup?

[Anonymous No.18479621]

>>18469060
>>18469204
make it anons

[Anonymous No.18480766]

>>18469060
that's a good idea d e s u

[Anonymous No.18480845]

>>18469060
You'd think that a board called /biz/ would have something related to actual businesses, not just crypto

[Anonymous No.18481441]

>>18468122
set yourself small goals in order to achieve your dreams

[Anonymous No.18481525]

>>18479621
>>18480766
>>18480845
What sort of links/information should we include in the OP? /dbg/ is definitely something this board needs

[Anonymous No.18482143]

>>18481525
Link to this site and tell the fags to read these books

https://startupbasics.com/startup-books/

What websites do we actually need? Maybe some B2B stuff?

[Anonymous No.18482376]

>>18465277
Thats cool, did you do it full time?

[Anonymous No.18482479]

>>18465277
Used to be a marketing monkey, now working on making animated brand videos in after effects. Working with a couple pro bono clients now to build network/portfolio.

[Anonymous No.18482559]

I've been thinking about what do do after I inevitably get fired or burnt out from my current brogramming job. For a while I considered plumbing, but after seeing Rossmann's videos I've been considering crapple repairs as well, are either of those at least somewhat viable?

[Anonymous No.18483091]

>>18476991

agora?

worked for them for about a year, based company you'll learn a lot

also if you get the chance to go through copy camp do it - life changing course

[Anonymous No.18484127]

>>18482479
Based

[Anonymous No.18484625]

>>18465277
I shorted construction stocks 5 years ago since there wasn't much activity in the infrastructure and construction sector other than building shitboxes for the poorfags.

[Anonymous No.18485605]

>>18476824
yes, whenever I get a business idea I create a basic business plan in powerpoint and keep it on the shelf. I don’t start the project right away, I wait until the “right” time which is just when my gut tells me to. right now working on an educational website for a specific field in engineering. planning on ad revenue from the website and embedded youtube videos (how to’s for this engineering field), affiliate links, and calculators that I’ll write code for and sell as digital products

[Anonymous No.18485793]

>>18481525
>llc formation (done via your state’s SoS), knowing how not to pierce the corporate veil, etc.
>basic accounting principles
>marketing
>list of services you may need i.e. list of banks (BoA, Wells Fargo, Azlo, etc.), accounting and invoice services (Wave), domain name registry and email hosting (Namecheap)

[Anonymous No.18486313]

>>18485793
Holy fuck please make this

[Anonymous No.18486471]

>>18486313
i’ll put some stuff together and post in this thread tonight. i’m phoneposting right now so it will be under a different id. i’m not on 4chan enough to keep a /dbg/ going but will gladly contribute info if other anons maintain it

[Anonymous No.18486499]

>>18486471
I'll maintain it, I just need the information for the OP first.

[Anonymous No.18487594]

bump
working on /dbg/ right now

[Anonymous No.18488052]

>>18487594
Based, let us know when you post it

[Anonymous No.18488228]

>>18481525
>>18486313
>>18486499
feel free to edit as you see fit. i'm just throwing shit on the wall and i'll put as much together as i can before i hit the sack. (part 1/?)
>Step 0: Get Your Own House in Order (Personal Finance)
How do you expect to run a business if you don't know how to run your own finances? This has two outcomes that directly translate to running your business: learning basic accounting principles and raising “seed money” for your business as part of your savings plan. Accounting: The key to a good financial picture is positive cash flow. Cash flow = income – expenses. Make sure you have a positive cash flow. Not just in your head, create a spreadsheet that tracks income and expenses every month and KNOW THE EXACT NUMBER. Reduce expenses until you meet your cash flow goal. With your positive cash flow, set some money aside for retirement (401k and IRA) and emergency fund (something liquid and low risk: cash, savings account, bonds. NOT FAGGOT CRYPTO). Also set aside “seed money” for business ventures and other investments. This will set the foundation for running a successful business. I just gave abstract concepts but you need to have concrete numbers and goals. It's ok if you don't meet your goals at first, just make progress each month until you meet them and don't set unreasonable goals (living on 10% of your income and saving 90%)

This is very abstract but a lot to cover so good enough for now. If /dbg/ gains traction I can add more concrete examples and useful links

[Anonymous No.18488285]

>>18488228
I'm liking it anon!

[Anonymous No.18488362]

>>18488228
(part 2/?)

Step 1: Write a business plan (this does not have to be complicated. Just collection of thoughts and crude battle plan. U.S. Small Business Administration has a good example, scroll down to the “Lean Startup Plan” and there's a Word doc: https://www.sba.gov/business-guide/plan-your-business/write-your-business-plan )
What is your business: what are your products and/or services and who are your customers?
What is the market: who are your competitors (supply)? How large of a market (demand)?
Cash flow considerations: What does it cost you to provide the product/service? How much do you plan to sell it for? Try to estimate a monthly cash flow
Competitive advantage: What is your business's competitive advantage? Why will a customer choose you and more importantly STAY with you? Cheap prices? (called cost leadership in douche MBA speak). Superior product? Superior customer service? Early entrant in the market? Determine what separates you and be the BEST at it

[Anonymous No.18488502]

>>18488362
(part 3/5)

>Step 2: Corporate structure (most likely LLC formation if you need liability protection)
Determine Business Structure: Do you need liability protection? If you are operating a business that is at risk of getting sued (not a question of if it CAN happen but more a question of your RISK TOLERANCE of it happening). Think of it as buying an insurance policy. If the business goes bankrupt you are not personally liable for paying off the debt as long as you maintain the corporate veil (more on that later). One last point: this provides FINANCIAL protection. Obviously if you commit a crime while operating your business a corporate structure does not protect you from that.
1) If you don't need liability protection then you can operate as a sole proprietorship. The income and losses are reported on your personal tax return. In my state you don't need to register a sole proprietorship, I don't know about every other state. However you may need to register for a permit with state or local government depending on your business.
2) If you do need liability protection then an LLC will most likely meet your business needs. If you register as a single-member LLC then you get the liability protection afforded to a corporation and the benefit of simply reporting income and losses on your personal tax return. Multi-member LLCs and other corporate structures have more stringent requirements and you should meet with a business lawyer

[Anonymous No.18488673]

>>18488502
(part 4/5)

(continuation of previous post)
LLC Formation: Typically LLCs are registered via your state's Secretary of State. Just search “[YOUR STATE] llc formation”. Cost to register varies but will probably be a couple hundred dollars. For example, in Texas the cost to register an LLC is $300
Maintaining the Corporate Veil: This concept is critically important to keep the liability protection afforded by an LLC. If you mess this up you will have gone through the process of starting an LLC for nothing but more importantly you will be personally liable for any debts your business owes. Your BUSINESS becoming bankrupt turns into YOU becoming bankrupt. The concept is fairly simple but needs to be diligently followed. You must keep your business account separate from your personal bank account (i.e. you charge business expenses to your business bank account and you charge personal expenses to your personal bank account). You will need to open a business bank account (more on that in next post). With this account you'll get a debit card and you can apply for a business credit card depending on the bank you choose. For business expenses use your BUSINESS CARD. For personal expenses use your PERSONAL CARD. Again, this is a simple concept but critically important. Transferring money from your personal bank account to your business bank account DOES NOT pierce the corporate veil. In your accounting software or spreadsheet if you do manual accounting categorize that transaction as OWNER INVESTMENT. If your business turns a profit (congrats!) transferring money from your business account to your personal bank account DOES NOT pierce the corporate veil. Categorize this transaction as an OWNER DRAWING. Categorization of transactions is important for tax purposes. Luckily there is free accounting software available online so you don't need to be an expert or hire outside help for a small operation.

[Anonymous No.18488749]

>>18467409
Why did porn pay you in crypto

[Anonymous No.18488768]

>>18468570
Which porn company was there crying in. Was it from getting fucked too much or some emotional trauma

[Anonymous No.18488879]

>>18488673
Thank you anon.

[Anonymous No.18489002]

>>18488673
(part 5 of 6)

>Step 3: Keep the business running (Some helpful services for your business)

Business bank account: Bank of America, Wells Fargo, and Azlo provide nice features for small businesses: low deposit to create the account and no transaction fees (with limits that you will learn when you do your research). Obviously BoA and Wells Fargo are brick-and-mortar banks that provide traditional banking services. Azlo is an entirely online bank owned by BBVA. No minimum deposit to create an account and no/little fees if I remember right. One drawback is no checks and no cash deposits since it's an online only bank. Good for online businesses or businesses that don't involve any cash. Many other options out there, both for traditional and online-only banks. Do your research and make sure you search for "business bank accounts" and not personal accounts

Accounting: Can be done as simply as having a spreadsheet that tracks income and expenses. If you do this make sure you know what you're doing and CATEGORIZE TRANSACTIONS. For almost everyone I recommend using an accounting software. Wave is a free software available online. I believe the accounting and invoice services are free up to a certain income level for your business. There are other softwares available (QuickBooks, etc.). Do your research and pick what works best for your business. And remember to CATEGORIZE TRANSACTIONS.

Domain Name and E-mail Hosting: Several services available: Namecheap, GoDaddy, etc. Allows you to own a URL and business email ([e-mail]) for as little as $2/month. I don't think I need to explain to other anons the importance of having a website for your business even if you aren't an online business.

[Anonymous No.18489161]

>>18489002
(part 6 of 6)

(continuation of last post)
Website builder: Wix, SquareSpace, Weebly, etc. Allows you to easily create a website and online store if you aren't a programmer like me. Fairly more expensive but certainly not a prohibitive cost (~$10-25/month depending on what you choose). Research is important for this because each web builder offers distinct advantages (COMPETITIVE ADVANTAGE) so you need to know what you need for your business and choose the best service provider for what you need.

Marketing: Facebook ads, Google ads, etc. There's a lot to talk about here and the most important aspect after creating a superior product/service.

I need to go to bed so that's it for now. This should be a good foundation. It's very abstract but leaves crumbs for more research and more concrete planning for your business (or future business when you come up with one and have the finances required to start it). If an anon picks this up and keeps a /dbg/ running i'll hop in and answer questions/drop some helpful links. I know I didn't leave a lot of that today, I just needed to get the basics down quick

[Anonymous No.18489285]

>>18489161
>>18489002
>>18488673
>>18488502
>>18488362
>>18488228
BASED

Are we gonna make a pastebin for this?

[Anonymous No.18489992]

>>18489285
bump

[Anonymous No.18490253]

>>18474111
Vincent?

[Anonymous No.18490417]

>>18465277
How did you get the job with the charity program ?