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That’s one of the main distinctions between being a sole proprietor and running an LLC. You set up an LLC and just get to work. Even though you aren't technically required to have $6.75 initial capital to start a proprietorship—whereas an LLC requires a specific investment—the reality is you still need cash on hand to actually launch the business. And then you realize that as a sole proprietor, the sheer mountain of paperwork is enough to suffocate you...
That’s exactly why I started working on an autonomous power source, but nobody wants to put up the cash to actually finish it. It's a joke. Everyone finds it easier to just pay taxes and various other "fees" than to actually manufacture something using their own damn brains. That's why we're stuck where we are...
I didn't realize that. Thanks again. Every bit of info like this counts...
What does "Not for Year 1" actually mean? Can you break that down for me? Thanks.
You want to know why manufacturing is dead? It’s because it’s easier to just import everything rather than deal with the headache of raw materials, labor, regulations, and the government... I once pitched my own project to a major corporation—something that fit their lineup perfectly. A few days later, I read in the news that their production was tanking, customer numbers were dropping, and they were facing bankruptcy. So, I walk up to them with a product that already has a buyer lined up—pure export potential—but I don't have the capital to kickstart the production myself. Meanwhile, they have all the resources imaginable and could get this moving with a measly three or four thousand dollars.