Posts by goldengull3

Ashley Rogers4 said:Just come to the United States. You can set up a sole proprietorship for twenty-five bucks. That’s basically just what you pay the filing fee to get registered, and then you're good to go.

It’s not like you need a massive pile of capital to start a small business here either, much like how you don't need a fortune just to act as a solo merchant...

dustyscout53 said:Who exactly is accountable for a corporation's performance? The owner. And who owns General Electric? The government. There’s your answer, using GE as the template. They have been dragging their feet on the privatization of General Electric for far too long...

That's the crux of it. You eliminate nepotism within a company through privatization. Once that happens, who a private owner chooses to hire becomes their business—and ultimately, their own financial responsibility.

the old wives' tale goes:
I find myself in total agreement with your assessment. Despite the systemic failures—which, let’s be honest, aren't just an issue at AT&T but are symptomatic of our entire corporate culture here—I have personally witnessed a handful of instances where individuals arriving from overseas managed to secure rather lucrative positions at AT&T.

The reality is quite blunt: within any state-backed corporation, you are essentially trapped between two outcomes. You either operate under a mediocre compensation structure dictated by rigid internal regulations, or you negotiate a high-level executive contract. There is virtually no room for the middle or upper management tier to thrive, a deficiency that manifests clearly in their operational performance.

Ronald Castillo5 said:Good grief... everyone suddenly migrates back only to land themselves some decent roles in the USA. How exactly did you pull that off? Was it all strictly by the book—job postings, resumes, interviews, official offers—or was it just a matter of calling in favors from your aunts and uncles?

And what exactly constitutes a "legal route" to you? The requirement to report job vacancies to HR has been abolished here in the USA. In short: you find a boss, you strike a deal, and that’s that.

brightfalcon27 said:I actually moved to the States to study business, but I packed my bags and headed straight back home to America. It was precisely because of the points John Thomas2 raised. Being isolated without any social circle is a special kind of misery. And just as nimbleskipper17 pointed out, trying to raise a family in the USA is an absolute nightmare.

When we discuss working abroad—though I realize we’re drifting from the main point here—we really ought to make an exception for the USA. They haven't quite figured out the concept of government-mandated vacation time or universal healthcare yet. For us Europeans, it feels like living on a different planet.

As for the social life and the nightlife scene, you’d feel the exact same way if you moved to a different city right here at home; you'd be starting from scratch, forced to build a new network of contacts all over again.

stormylynx14 said:I feel like I’ve hit a plateau. Everything has leveled off, and there's a frustrating lack of momentum. My finances have historically been defined by two major shifts: first, a complete professional pivot following my graduate studies, and then the dot-com boom. Now, those eras are behind me, and things have stagnated. I find myself contemplating the next move—(-> Ronald Castillo5: Thanks for starting this "Money Game" thread 😉 ). It is evident that a shift is necessary; I simply haven't identified the nature or the timing of it yet.

My own view is that we will likely continue on a path similar to what we've seen over the last few years—the general trajectory isn't going to shift drastically. Generally speaking, if you possess both the drive and the skill set, there isn't much to fear.

What will persist is the emergence of a new middle class—younger professionals with advanced degrees working for private corporations or multinational firms. This can be viewed quite positively, as these individuals (securing mortgages, buying a couple of cars, traveling for summer or winter vacations) essentially serve as the primary engines of consumer spending.

The persistent issue remains the labor force—there are far too many people in the US who lack the specific skills required for the modern 21st-century landscape. Consequently, their labor value remains marginal on a global scale.

Commodus said:Shutting down a business is a massive headache. You’re looking at roughly $10000 just to handle liquidation or bankruptcy. I’ve got a dead shell of a company haunting my life for years now, even though it hasn't done a lick of business in ages.

Well, you might be able to take advantage of summary bankruptcy proceedings if the company has little to no assets left.

There was an article published in the Internal Revenue Code journal titled "Summary Elimination Bankruptcy Proceedings" by Jane Doe, MS.

NPR also hosts an introduction on their website:

The Bankruptcy Reform Act of December 2000 introduced a specific, streamlined procedure for liquidating insolvent legal entities with minimal startup capital. The primary goal of this summary process is to clear out defunct legal entities that can't meet their obligations or have ceased all operations entirely.

Ona007 said:About twelve years ago, I registered a small business here in the States.
The company never actually conducted any business operations.
Is it possible to reactivate this entity, and if so, would the filing fees remain the same?

If you didn't bring it into compliance with the Companies Act back then, it was likely dissolved shortly after.