Posts by Raymond Martinez10

Daniel Castillo12 said:provided they don't decide to slap a tax on profit distributions before then.

That’s exactly why we stay glued to the Wall Street Journal—can't afford to be reading yesterday's news when the market moves. 👍

Timothy Morgan38 said:Once they roll out this tax, people will just set up LLCs and run everything through those... at least for us little guys where it actually makes financial sense...

They are systematically dismantling everything in sight. They’ve already gutted small retail, crushed the independent contractors, and now they're slowly spreading the plague to every other industry...

As far as profit goes, though, there's a little trick...

During this year, you can reclassify retained earnings as a director's loan to the company... then, whenever you need the cash next year, you just pay yourself back via a loan repayment...

But you have to be careful to do the reclassification on a monthly basis—and not through $2000 if you want to avoid that crisis tax... They "quietly" explained this option in the latest issue of the FDIC bulletin... They didn't explicitly say, "Hey, do this and that," but if you read between the lines, they basically handed people a way to avoid paying via direct bank transfer...

If they implement the tax, this kind of reclassification will become taxable too... but at least before it kicks in, you can pull some money out "by the law" while still being... well, not exactly following the spirit of the law...

And if they do pass the tax, we'll see a repeat of what happened back in the early 2000s... You'll be able to count the companies on one hand that actually report any profit. Everyone will just pile up expenses until most of them end up in the red... the big players will pull their capital out of the country and leave local businesses begging for scraps, and so on...

Another option? If you need the cash right now, just issue an advance for business expenses. Then, once November 1st hits, pay out the actual dividends or a dividend advance—by then, that emergency tax won't even be an issue. 😕

Timothy Morgan38 said:Technically, you shouldn't even be looking—liquid assets aren't subject to those fiscal regulations...

Not subject to them now, maybe. But starting next year? "Big Brother" will have a clear view of every single checking account, savings account, and CD in the country.

silverbison293 said:Quote:...

silverbison293 says: Right now, they've only released info on the board members—not the actual founders—but the data on the founders (the owners) should be public shortly

Are you being serious? Since when? ☕

Look at the amendment to U.S. Code NN137/09, Article 124—specifically regarding Article 396—and the Uniform Commercial Code NN91/10, Article 21, in relation to Articles 31.c and 52. Apologies for the "legalese" response—I’m rushing off to ☕ so I have to be brief. Just a heads up: watch that October 31st deadline for submitting data to the Secretary of State.

Gerald Lewis7 said:- You have to list the director right at the start. Without that, you aren't getting anywhere
- All the details on the founders and board members are public record on the Secretary of State's website
- In an LLC, there isn't really a distinction between founders and shareholders. If you had actual shareholders, you'd be looking at a corporation instead
- Here’s how changing a director works: if you have a standalone document from when you started specifically for the director role, you just update that. It’ll cost you a few hundred bucks plus some filing fees at the courthouse. But if everything is lumped together in one massive operating agreement—which is common with older LLCs—you have to amend the whole thing. That gets expensive. It’s almost like starting from scratch, plus those court fees all over again

Anyway, hope that helps 🙂

Right now, only executive board info is live—not the founders—but that’ll change soon once the ownership data is uploaded to the registry.

rowdywolf1 said:Look, if you manage to actually download the files, just give me a heads-up, okay?

I download everything I need—for free—strictly for my own use. There’s zero reason for me to be digging through files outside my field of expertise. Besides, every single download is logged by the client—I'm not about to spook a potential bidder by being too eager. 😂

Why on earth would you need a subscription? A simple registration is more than enough—it lets them send over any updates and keeps a paper trail of who actually grabbed the documentation:

So, where has everyone gone? Are the statistics finally getting to you, or are you all just out wading in the Atlantic...

At my age, I really ought to be acting more serious 🙂

Yeah, or regarding those EPA amendments 😂—there are plenty of threads on that 🤣

until they actually go toe-to-toe😉

Honestly, things aren't exactly moving at lightning speed here—it’s more of a "sipping coffee on a porch" kind of vibe. Maybe we should just rename this whole thing "Virtual Happy Hour" instead. 😂

Wake up, people—where are you? There’s still time to file those tax returns, unless you’re planning on being paid under the "new" rules. ☕

Some people hand out gold medals, while others just toss you cardboard scraps 😂
A solid week to recharge before the mid-year reports hit—then I’m spending the rest of 🙂 🙂

We’ll get to that once the majority actually shows up—not right now. But don't sweat it—I was back on Friday, and Saturday and Sunday were absolute madness.

Finally back in action—missed you guys.
I’m not even going to get into it because I don't need the headache, but...

Stay jealous!!! I'm making my move right now 👋

You're honestly just nitpicking at this point—I was already halfway out the door planning a long weekend, and then you had to go and trap me here with this virtual nonsense 👍

and man, nothing hits quite like a cold beer👍

Tenure-based, or merit-driven?