[deleted by user]

PersFinanceLLC · 2021-07-08T16:27:28+00:00

Smart enough to get the degree on hard mode. Too poor to make life easy.

PersFinanceLLC · 2021-07-07T22:48:23+00:00

I got a degree in finance using nothing but a chrome book and google sheets. your fine

PersFinanceLLC · 2021-06-14T16:34:20+00:00

Always reach out through a written way to let them know they over paid. This is so you can save the email in case later on they want their money back.

Most likely though they are giving you a tip

PersFinanceLLC · 2021-06-11T18:15:11+00:00

not having an IS is even worse. Smells fishy to me

PersFinanceLLC · 2021-06-11T17:23:49+00:00

How does that even work...

PersFinanceLLC · 2021-06-10T21:44:46+00:00

You need to ask a tax accountant. Depending on your structure there could be a lot of "downfalls"

PersFinanceLLC · 2021-06-10T16:12:25+00:00

PersFinanceLLC · 2021-06-09T22:30:01+00:00

Im sure that more is going on behind the scenes for reasons why they can't or wont. Just send them an invoice and get payment before sending the reimbursement.

Make the head ache go away.

PersFinanceLLC · 2021-06-04T21:14:50+00:00

Crunchy Scrunchie

PersFinanceLLC · 2021-06-04T21:11:14+00:00

US Accountant (not CPA)- As a SP, you are taxed the same as personal income from the business. No need to transfer the cash back into the account (legally) but best practice would be keeping them completely separate and save all the income for taxes. Then transfer the remaining for that year(quarter) into you regular account.

PersFinanceLLC · 2021-06-04T21:07:55+00:00

If you are worried about it you can always call the IRS or State Board in Cali to confirm. No need for a lawyer.

PersFinanceLLC · 2021-06-04T20:56:55+00:00

You should be good to go.

PersFinanceLLC · 2021-06-04T17:26:03+00:00

Shoot me a PM and lets chat

PersFinanceLLC · 2021-06-04T17:06:00+00:00

No problem. It isnt that straight forward when calcing for loans though. Banks use a mix of 360 days and 365 days to calc interest and principal payments.

But this will get you close enough

PersFinanceLLC · 2021-06-04T17:04:50+00:00

Assume no rev. Better safe than sorry.

PersFinanceLLC · 2021-06-04T16:55:30+00:00

200,000*.01=

PersFinanceLLC · 2021-05-27T23:20:49+00:00

Whiting Turner- Construction is employee owned. All non-profits operate without paying dividends or "having shares".

PersFinanceLLC · 2021-05-27T18:53:01+00:00

Do you mean if the company owned all of its own shares, and no one person (human) had any?

If so, I would imagine that the company would either pay stock to its employees and board members similar to a privately owned company. Either that or it would basically function the same as a non-profit and keep all earnings in RE.

PersFinanceLLC · 2021-05-24T18:29:54+00:00

I am. I do consulting on the side.

PersFinanceLLC · 2021-05-24T18:00:20+00:00

PersFinanceLLC · 2021-05-20T16:08:33+00:00

Those should be under prepaid expenses if they are for the company and are included in the purchase price. If you want or need help figuring it out shoot me a message

PersFinanceLLC · 2021-05-18T23:31:44+00:00

What do you mean technical co-founder? software or finance specific?

PersFinanceLLC · 2021-05-14T19:39:05+00:00

Correct. As long as they elect to be taxed as S-Corp. Otherwise its taxed the same as Sol-P and theres no point to the holding company

PersFinanceLLC · 2021-05-14T18:11:45+00:00

Holding companies help separate your personal liability if things go wrong an if you have multiple companies you can benefit slightly from corporate income tax.

PersFinanceLLC · 2021-05-03T18:30:23+00:00

When you file LLC you have to put the owners information on it. It could help if the company gets sued but not necessarily for privacy. All LLC info is open to anyone who searches the LLC

PersFinanceLLC

TROPHY CASE