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Posts by Olivia Walker5

4 posts shown.

How can I get a bank loan if I'm unemployed? in Banking, Insurance & Loans ·
Kimberly Nguyen said:If you don't have any creditworthiness, you know damn well you can't get anything done...

hmm, yeah... fair point. thanks for the heads up. 🙂
Starting a small business in Business, Accounting & Taxes ·
Does anyone have a rough idea of what I’d be looking at for Social Security and health insurance premiums? Honestly, I’m just trying to get a sense of the total cost... I'm curious too.
How can I get a bank loan if I'm unemployed? in Banking, Insurance & Loans ·
I think I might have figured out my next move, but I definitely need to run it by some people first,
so here’s the situation: I’m currently between jobs, but I’ve got this vision I want to bring to life. To make it happen, though, I need some capital. I own a two-story house with an accessory dwelling unit in the backyard.

My plan is to renovate the whole property and set it up as a multi-unit rental with individual rooms. My big question is, can I actually secure a loan while I'm unemployed? The total value of the property is sitting somewhere north of $220,000.

Thanks for any insight, cheers!
Starting a small business in Business, Accounting & Taxes ·
Hey there,
I’m trying to get some clarity on how to set up a business focused on importing goods from overseas—mostly looking at shipping stuff in from the US and China.

It’s a bit hard to pin down exactly what I’d be moving right now. It’s not like I’m keeping secrets or anything; it just really depends on what I think will move fast once it hits the American market.
The whole operation would be strictly online, from the initial sourcing to the final sales.

So, my main questions are: do I actually need to lease a physical space to use as a warehouse? And what kind of specific business entity should I be looking into registering here in the States?
I’ve been doing some digging on Google, but a few things are still tripping me up. For instance, I understand sales tax applies to everything, but customs duties seem to hit certain items differently depending on their category and where they're coming from. But for starters, I just have these two questions.🙂

Thanks so much for any help you can give.