The Small Business Tax Help Blog

Question: Should I just register as dba or create an LLC?

I recently went into a partnership for an online business. I have gotten the ein for the online business as well as registered the domain name(s). Right now that is one of many business online and offline that I plan to open in the future. The question I have is should I just create an LLC for our partnership as the umbrella business for the businesses I plan to open in the future? We plan to continue the partnership and have a name for that partnership. We want our businesses to fall under the name of our partnership company. I hope this is making sense. Thanks for your answers.

Answer: The purpose of an LLC is to isolate your personal assets from the liabilities of the business. That is important and you should do it. Using it as a holding company for other businesses is a good idea. Whenever one of the businesses gets big enough to support its own structure, it should have its own LLC. Whenever one of the businesses gets into something that has the potential of betting sued, it should have its own LLC.

The purpose of a dba is to comply with local law concerning fictitious business names. A dba is not an entity and cannot protect you from liability.

MyUSAcorporation.com Launches New Low-Cost Online Incorporation and Business Filing Service

MyUSACorporation.com, a new low–cost online incorporation start-up, was launched today. The service promises to deliver a break–through approach to online incorporation, drastically cutting down the cost of future incorporation, as well as other business filing services.

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Question: American starting a small business in Thailand. Helpful information please.?

I’m an American interested in buying a bar or a small business in Thailand. I have about 20k I can invest and was looking for some information on visa’s, taxes, and legal issues on americans owning businesses in Thailand. Possibly interested in investing with another person that knows more about how this works. Thank you.
I feel like you all gave some really decent answers. I’m surprised how helpful yahoo answers is. Thank you! Just an addition this would be more of an experiment for me. I really want to start a cheap business so I can learn the ropes. Thailand seems great at first (cheap country and fun place to visit) but after all of your answers I will look for another area overseas. Thank you again.

Answer: Wait for a while. The current foreign investor rules are not clear. You would have to put 30% of the money invested into a non-interest bearing account based on the current rules.

Do your due diligence carefully. Do you have 5 or more thai people you can trust with your money? That is what it takes to have a corporation in Thailand.

Please review the following website. www.thailandguru.com, it is written by an American who moved to Thailand around 12 years ago. His information is current and pretty honest and he does have his own service if you so desire someone there. He is into computer so he could help with a website if needed also.

There are many issues involved. One is the affect of the NYE bombings on tourism. Which if you owned a bar or any other business is critical.

Do some reading also. Keep track of goings on in Thailand. I like www.bangkokpost.com it is fairly politically neutral and in English.

Personally, I would invest in real estate there. Businesses come and go. Real estate is another animal altogether.

Reportlinker Adds Thailand Telecom Investment Environment Report, 2009

Reportlinker.com announces that a new market research report is available in its catalogue:

Deloitte - Bridging the digital divide

Question: When is a tax increase not a tax increase?

Put this under ‘California Creative Accounting Class 101′.

Read the article. My paycheck withholding today increased by over 11%, but wait:

“Effective today, the amount of state income taxes withheld from California workers’ paychecks will increase 10 percent. That might sound like a tax increase, but state officials insist that’s not the case.”

I’m just loaning the money to the government for a while. Please, do not try to sell me another bridge – I have no room in my backyard.

http://www.sacbee.com/politics/story/2295363.html

Thank you all for your time and effort. If you got a thumbs down it did not come from me.

Answer: They are not increasing taxes. You get all the money back at the end of the year. Or you can raise your allowances and it won't affect you anyway.

It is a little underhanded, but I understand what they are doing. They want temporary cash.

Tax Tips: Death and taxes

INCLINE VILLAGE, Nev. - Well, now, this is a fine mess Congress has gotten us into. Recall that when George W. Bush was in office, all the way back in 2001, the estate taxation rules were changed by cutting the rates and gradually increasing the size of estates which would be clipped. That's the easy part. The changes enacted back then also provided for complete disappearance of the estate tax ...

Assemblyman Fletcher Speaks Out for CA Taxpayers

Question: What type of license is needed to install windows and doors in Connecticut and is test required in Ct.?

Recently started window and door installation business have EIN number all insurances and have LLC. But what is required by Connecticut law as far as Licenses to install windows and doors only.No remodeling or selling of windows and what is required to install in NJ,NY,MASS.,PA and CT.want this done on the up and up. Legal. Can anyone help me out. I would like to get started ASAP. Thank-you.

Answer: There are 2 places to go to find out. One would be to go to the local courthouse and check at the information desk. Another would be to go to the CT official state website and click the business link.

Samajwadi Party chief Mulayam Singh Yadav eyes Muslim votes, says Muslims were feeling cheated in Ayodhya verdict

Indian politicians are no different than that of America. In America Republicans go after punishing the Blacks and Hispanics to gain white votes. They would do everything to disgrace anyone is fair minded. In India politicians use the Muslim sentiment to gain their votes.

Marriage Dilemma of Nyein Chan & Gown Pone 3

3 golden rules for lifetime investment profits

It is typical of investors, particularly those who are salaried employees, to presume that they will earn a salary until they are around 60; and thereafter, the interest on their savings would be adequate to cover living expenses during their golden years. Such dreams can easily turn into nightmares due to the following factors if you haven’t drawn up a well thought-out financial plan for …

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