want to start a sole proprietorship business not using my Social Security Number – What do I have to do?

June 2, 2010 by admin · 6 Comments
Filed under: United States 
business
Bri asked:

I want to start a sole proprietorship business not using my Social Security Number – What do I have to do? I want to do business using a w-9

Also – how do taxes work in this situation? Do I pay taxes strictly based on income? Is there a tax benefit to register a business under my social compared to a w-9, or vise versa? What if there is little to no income if working under a w-9, how do taxes work?

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How does a business i started pay ourselves back for start up costs?

April 12, 2010 by admin · 2 Comments
Filed under: Small Business 
business
MightyMouse111 asked:

A freind and i invested approx. $10,000 (little less) to start a business. Now the company is turning a profit. How do we pay ourselves back? Do we just write ourselves checks? How do we categorize it in the books? Do we have to pay taxes on it?

Thanks we are just trying to figure all this out.

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can you sell a business to a foreign country and pay to taxes?

January 22, 2010 by admin · 4 Comments
Filed under: United States 
business
miked2023 asked:

I’m writing a movie and part of it is where a guy want to sell his business to a foreign party so he won’t have to pay taxes – so he can keep it all. is it possible to do this? it doesn’t have to be a foreign party – looking for a plausible loophole. thanks.
He basically wants to sell it to a buddy through a 3rd party loophole of some kind and pay no taxes (any other ideas?. it’s supposed to be illegal – but doable. that’s the point. get creative! thanks.

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Do I need to pay taxes on an internet business if my servers and business are offshore but I work in the US?

January 15, 2010 by admin · 4 Comments
Filed under: United States 
business
John Chambers asked:

I am considering starting an online business that would make money exclusively from online advertising. I am the sole employee and I am located in the US – I have some writers also freelancing in the US.

I wanted to know if I can avoid paying us taxes on my corporate income if I locate my servers offshore and incorporate my business offshore.

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How does a person have a business and not be found or made to pay taxes?

December 12, 2009 by admin · 10 Comments
Filed under: United States 
business
QD asked:

my ex husband has a business that is not files with the state, but operates like a ligitiment business. He does not pay taxes. Is there a legal way to make him pay his taxes?

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How do I figure out taxes for small business?

October 22, 2009 by admin · 3 Comments
Filed under: United States 
business
man_fredk asked:


I started a business six months ago , although I only started getting paid the past two months. I need to know if there is software that lets me input the figures for my business and it works out how much I need to pay in taxes….I dont have an accountant right now hopefully down the road I will be able to afford one. I bought TurboTax Home and Business, but it asks for 2006 figures. My business started operating 2007….Help!

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