Re: Business Regulations

scineram — Mon, 09 Jun 2008 16:10:03 GMT

fsk:
Alternatively, you can work 100% off-the-books. Then, you avoid all the overhead and all taxes. This method is called agorism.

I know I should have foreseen it coming.

Re: Business Regulations

fsk — Mon, 09 Jun 2008 14:51:48 GMT

I researched this.

You need to incorporate, which will set you back $500+. You can self-incorporate on the Internet, or you could hire a lawyer.

You'll need an accountant, or be smart enough to do it yourself. That will set you back $2k/year. Remember that you pay double Social Security and Medicare taxes when you're self-employed.

If you're self-employed, you can also start taking advantage of tax loopholes. You can give yourself a generous pension, which is tax-deferred income. You can give yourself great medical insurance, all pre-tax. You can expense practically everything to your business.

Depending on how you incorporate, you can pay yourself as dividends/capital gains instead of wages. That gets favorable tax treatment.

If you're hiring employees, then you have a further accounting/regulatory burden.

If you're manufacturing buzzers, you have to make sure you're not running afoul of anyone else's patents. You probably won't find out about the patent until you're sued.

If you're targeting corporate customers, they probably won't want to buy from a small independent manufacturer.

You may need to purchase liability insurance.

Alternatively, you can work 100% off-the-books. Then, you avoid all the overhead and all taxes. This method is called agorism.

Business Regulations

Fephisto — Mon, 09 Jun 2008 14:21:56 GMT

You know, here's something I've always wondered about.....

Say I want to start up a business (actually, I am considering starting up a business making buzzers) in the U.S..

What are all the laws I have to follow? Where do I even start to find out such a thing?

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Re: Business Regulations

Re: Business Regulations

Business Regulations