Posts by Grace Kern2

electricnomad422 said:It’s definitely at the Import mall, though I guess some people just don't know their way around.

As for Miami, if anyone actually cares, Golden Point is over on Marmont Ave.

I don't think the answer is nearly as simple as what you're asking. Sure, anyone can jump into any kind of business, but the real question is whether they actually have the chops to pull it off. You need to look at your collective resources—and I’m not just talking about the bank account, but everything else you've got working for you.

Nope.

Anthony Bennett6 said:I’m a bit confused about why you’re opening up now if you aren't planning to launch for another five or six months... by then, federal regulations could have changed completely!

The guy literally said he’s got a killer name for his business and doesn't want to lose out on it.

cosmicbadger13 said:I’m in the process of setting up an LLC, and I’ve run into a few gray areas where I could use some guidance from those who have been through this.

1. If my intention is to contribute 50% of the initial capital through physical assets rather than cash, what does the valuation process look like for used equipment?
For instance, I have a laptop, a smartphone, and some office furniture that I’d like to roll into the company’s holdings.
Do I need to draft a formal bill of sale? Who actually determines if these valuations hold water given they aren't brand new, and how on earth do you execute a purchase agreement when the entity doesn't legally exist yet?

2. Once I kick off my first contract, I’ll need to inject some working capital.
Since this is my own money, what is the proper way to move it into the business account? Is it handled via a formal loan agreement, or is there a more standard way to do it?

Look, you can track down a certified appraiser on your own. You can basically sit down with them and work out an assessment that fits your specific needs. You suggest the value of the assets you're bringing into the business—whatever number works for you. I mean, obviously, you shouldn't go overboard and try to scam anyone, but I think you get my point.
I know for a fact it works that way. 😁

electrictrucker2 said:So, I’m looking to set up an LLC in a few days.
I’ve got the cash ready to go, startup capital and everything, so no worries there.
The thing is, the business won't actually start running for maybe 6 to 8 months. I won't have any employees at first—just me as the director—but I'm currently working a full-time job at a government agency.

Here’s what I’m wondering:

1. Am I going to run into any taxes or expenses during this waiting period before things actually kick off?
2. I’m planning to register for specific services that don't need crazy technical requirements (since that's all I'll be doing), and I want to use my home address. It's a family house owned 50/50 by my parents. They don't actually live there, they just own the place. Do I need to sign some kind of lease or rental agreement with them?
3. Since nothing is really happening yet, do I even need to hire an accountant during this pre-launch phase?

I guess you're probably wondering why I'm starting this so early, but I found a business name that is just... perfect. It's super unique and fits exactly what I'll be doing, so I'm pretty worried someone else might snag it if I wait.

3. Well, someone told me yeah, you definitely do. Apparently, they have to show a zero balance on the books by the end of the year.

Harold Johnson said:I need some advice
So, I've got this skirt and I was thinking about pairing it with some colored tights, but honestly, I have no clue what would actually look good.
Here’s the skirt

Thick purple, Macho👍

I don't have one, but my head sure does. I can't tell if it's just a draft or something else, but man, this AC is making my head feel like it's about to split wide open.