/biz/ - Business & Finance

[Anonymous No.55211472]

>start a business
>write yourself a paycheck for $1million
>declare bankruptcy

It’s literally that easy to become rich

[Anonymous No.55211527]

>>55211472
That would require your business to take out a loan for $1 million, which they wouldn't be able to since no bank will lend such a "business" a single cent.

[Anonymous No.55211553]

>Opened business
>Took out PPP Loan
>Paid off student loans
>PPP Loan forgiven

[Anonymous No.55211580]

>>55211472
You may be on to something

[Anonymous No.55211597]

>>55211553
>be wagie during covid
>essential
>get $22 an hour, my normal wage
>people paid more to stay home then I make
>company gives me a pin saying “thanks for your sacrifice”

[Anonymous No.55211682]

>>55211472

>start business
>some bullshit like vehicle detailing
>only work a day a week
>use your private vehicle as a tax write off business expense
>use commercial property to live in and have rent as a write off
>write off your phone, computer, utlities bill as well

Why don't more people do this?

[Anonymous No.55211847]

>>55211682
>start a restaurant in your house (no customers allowed obviously)
>free food since tax writeoff every time you cook yourself something

[Anonymous No.55211888]

>Find a rich person who looks identical to you
>steal their identity
>take out a massive loan in their name
>transfer funds to Cayman Islands or Swiss Bank Account
>flee the country to non-extradited nation
>profit

[Anonymous No.55211892]

>start a business
>start a second business
>get a loan on second business
>pay a consultant fee to the first business.
>file for bankruptcy on second business

rinse repeat

t. not a financial advisor

[Anonymous No.55211910]

>>55211682
they don't let you live in commercial property, plus if you don't do any work but keep claiming write offs then the IRS will come after you.

[Anonymous No.55211918]

>>55211472
its real i just did it

[Anonymous No.55211933]

>>55211472

[Anonymous No.55212058]

>>55211910
What does ‘live in’ mean? Can you get a commercial property with a commercial kitchen, shower/bathroom, office and lounge but sleep in a van in the parking lot?

[Anonymous No.55212063]

>>55211527
oy vey! anti-semite!

[Anonymous No.55212157]

>>55212058
I don't know the laws but it has to do with zoning laws. They don't want people living in commercial properties. I guess you could live in a van but they probably want some sort of physical address for your residence. I just heard this from someone so I could be wrong.

[Anonymous No.55212378]

>>55211553
the only reply worth reading. PPP were free money. fully legal

[Anonymous No.55212437]

>>55211597
>>company gives me a pin saying “thanks for your sacrifice”

>"Heroes work here!"

kekekeke

[Anonymous No.55212530]

>>55212437
still good to feel rewarded

[Anonymous No.55212634]

>>55212157
A person could just list their parents home as their permanent residence. There is no line between living and working somewhere, especially when you own the business and set your own hours.

[Anonymous No.55212637]

>>55211472
kek

[Anonymous No.55212639]

>>55211888
>Kill them and travel around Italy under their name and using their checkbook while being confused about your sexuality
Based

[Anonymous No.55212870]

>>55212157
Definitely not true. That would make every WFH freelancer illegal

[Anonymous No.55212873]

>>55211472

[Anonymous No.55213045]

>>55211472
ah yes, i forgot about the starter pack capitol they mail to each new business

[Anonymous No.55213233]

>>55212634
yeah I guess. All I'm saying is that there's a reason why people don't do it or else lots would.
>>55212870
WFH people are living in a residence so I don't know what you mean? They don't live at their office.

[Anonymous No.55213472]

>>55211553
Is it too late to get a PPP loan?

[Anonymous No.55213500]

>>55212870
The home people wfh isnt commercial retard