Posts by Joseph Garcia

mistyeagle91 said:I have a quick question and I’d appreciate an answer as soon as possible... how does one actually start a modeling agency? I want to do this the right way, but I have no clue what all the requirements are. Thanks in advance.🙂

Of course you can! Honestly, the best way to get the scoop is to just give Amazon at Goldman Sachs a call if you're down in Washington, D.C. near Broadway. They’re super friendly, too. Plus, they handle everything from start to finish—from the initial paperwork all the way through registering your LLC or sole proprietorship. It saves you the headache of having to hire outside help, which, let's be real, ends up costing you a lot more if you go the private route.

Raymond Peterson81 said:Sorry if I’m being a bit of a nuisance here, but I have to ask since I'm genuinely unsure—can I actually do this with a private vehicle, or just any car for that matter?

For instance, if I were to take a rental and then fill out a travel expense report... well, let's just ignore the fact that it wouldn't even be worth the effort...

That’s exactly what I wrote regarding the mileage rate($0.67/mile) for using a personal vehicle for business. Basically, the car has to be registered in your name as a citizen. It doesn't matter how you acquired it—whether it's through a loan, a lease, or you bought it outright from someone—as long as the title is in your name. The main thing is that on those mileage logs, you have to list the vehicle's license plate along with everything else. What exactly do you mean by "taking a rental"?

Raymond Peterson81 said:

I honestly don't know where to start with this one—there's just so much to unpack. It feels like we're constantly circling the same issues without ever really landing on a solution, doesn't it? I’ve been sitting here thinking about what everyone was saying earlier, and I can't help but feel a bit conflicted. On one hand, you want to believe things will just smooth themselves out—you really do—but on the other, the reality of the situation is starting to look a little more complicated than we initially thought. It’s almost like we’re watching a slow-motion train wreck, except nobody wants to grab the brakes. Anyway, that's just my two cents. I'm curious to see if anyone else feels this same sense of hesitation, or if I'm just overthinking the whole thing. kaže:
Raymond Peterson81,
I’ve been thinking about this lately—why not just sell your vehicle directly to a dealership? If you go that route, you don't have to deal with the headache of getting a formal appraisal, and honestly, there's a decent chance you could walk away with a better price than what some appraiser would slap on it anyway. Plus, it saves you from dealing with those extra costs that pop up during a private sale.😉

That was the first thing that crossed my mind—honestly—but a colleague of mine shut me down pretty quickly, telling me it just wasn't an option.

If I can ask... how exactly does this work? I have an LLC, and the car is currently registered in my own name—what steps do I need to take to transfer the title over to the business?

It really comes down to travel expenses—things like gas, mileage, and all that extra driving—and stuff like that.

Why would you even bother? You’ll run into trouble and end up losing the car because once it's listed as long-term company property, it's tied up. You can log local mileage without owning the vehicle through the business. Just file travel vouchers for trips longer than 19 miles miles and bill at the standard $0.67/mile rate. For driving within the city, just do a monthly mileage log and bill at $0.67 per mile. If you really want to go down that road, give the Department of Homeland Security a call and ask exactly what's required for the title transfer. But keep in mind, you can't do both—you either take the mileage or you claim actual costs like gas, oil, and repairs at 70%, while tolls are 100%.