Business Contents Archive

Are Small Trucking Companies a Small Gold Rush?

I keep running into people who seem to do fairly well for themselves running small trucking companies. The other day I put the pieces together that these seemingly unsophisticated people are likely taking advantage of Amazon's needs for contract delivery and forming small trucking companies of 3-40 trucks. Is this a real thing or did I just dream this up? I am wondering if this is a niche gold rush. It seems like this is growing into a cottage industry which allows anyone with half a brain and some cash to get started.

Expenses for things prior to organization. (LLC) (Wisconsin)

I made two purchases for my business prior to filing the articles of organization with the state. First I bought some equipment with cash off Facebook marketplace. Second I bought the domain for my website. These were intended for the business but I am not sure how I can make it work with my books. Thank you.

LLC Taxes on Land Sale

I have an LLC with some land in it. I am planning on selling the land which would leave me with maybe $200K profit. We taxed the LLC as a partnership last year. I understand that a partnership pays no taxes but reports income, etc. Does that mean that the $200K could stay inside the LLC and not be distributed to members and hence not taxed?

Opening a bakery

desperately wanting to open a brick and mortar bakery. I have had my business for over a year (almost 2) but recently registered it in march. seeking advice on how to open a physical location without proof of income? there is obviously income there but i havent filed taxes. is it possible that i would be able to get a loan? or any sort of income to startup. should be noted i have been baking out of my apartment all this time and if you have any idea how baking is, you are desperate for space lol!

Is it worth it to seek out a coach when you’re opening a small business?

Hi everyone! I am in the process of opening my own holistic healing business. After graduation and making my own social media platforms, I’ve been approached by several business coaches. I’ve considered hiring one because I’m not very knowledgeable on marketing and promotions. Many of them seem to be pretty expensive though so I haven’t taken the leap yet. I want to make sure it’s a worthwhile investment. Is this something that you all would recommend that a newcomer invests in?

Feedback on my wedding planning website

DELETE IF NOT ALLOWED I can't link my website because I don't want to give off the impression of advertising but please message me so I can get some feedback on my website. Things I did well and things I could work on. Thanks!

Has anyone claimed their ERC Tax Credit (Employee Retention Credit)

I’ve been getting all kinds of mail from companies wanting us to claim our ERC tax credit. I’d rather use my accountant or someone local so they get the cut instead of companies like ‘Rocket ERC.’ Could I do this on my own or would it be better to use my accountant or one of these companies? Any advice is greatly appreciated.

Startup cost reimbursement

Hey there. I just started my first business and I am wondering if I am able to reimburse myself of startups costs once business gets going? Let me put it this way. I spent 4-5k to get equipment and everything set up with my personal money that has already been subject to income tax. Let’s say I do 5k in sales over the next few months, can I pay myself back without income tax as a reimbursement of the startup costs? Would this be the same as spending money directly from the business account as it would to reimburse from business account if I used personal card?

Excessive Liability/Umbrella Insurance question - need info

Hello. I do side jobs like garage door repairs and service. Sole proprietorship, no employees. I recently talked to the maintenance man at the property i rent, and he said i should sign up as a vendor with the property manager to become their #1 repair guy for that stuff. Company is Greystar. They require general liability, for 1M/1M, which i have and presented. Then also down the line it, Umbrella is not ticked, but "Excessive Liability" is ticked. 1M per occurrence, 1M per aggregate. PICTURE> https://ibb.co/qYtH2pw How can i satisfy this requirement? Do i just bump my general liability to 2M/2M? Or do i need a separate policy? I spoke to a broker about getting an umbrella insurance and he submitted my info but nobody ever got back to me. Please help me get set up with this account! Is umbrella the same or would it also cover the excessive liability the same way? Just really confused about this.

Small Business Procurement and Dilemma with Government Contracts

[https://chng.it/gRQCRmNn](https://chng.it/gRQCRmNn) \- let's have a discussion

Bank accounts and Credit Cards

How often do you shop banks for lower fees and credit cards? For you sole proprietors out there, how many bank accounts and or credit cards do you have? Any tips for those just starting their business journey?

New to Shopify

hi all. i recently opened an online store on Shopify. im aware that it does take time to gain profitable foot traffic but what are some ways to entice potential customers to buy and continue to shop in the future? considering our current economy im afraid my prices might be too high? i don’t want to spend a large amount of money on ads so, what are some organic ways to promote an online business?

If I add a new location to a different city in the same state do I need to update this to the IRS?

Hi everyone. I am trying to expand my small business to a new city in the same state, and I am trying to figure out how to update this for taxes and the IRS. I don't want to get rid of my old address, along with anything else that the government needs updated. I would just like to add the new one.

What is your experience with registering your small business in your state right away (before you launch)/not registering it yet (or not at all)?

Would like to hear some of your experiences and thoughts on this :) thanks!

How to turn my blog into a business?

I am a lifestyle blogger on social and my shtick is helping young people navigate their twenties, "adulting" content, etc. For a while now, I've been going back and forth on how I can actually turn this into a business. I've toyed with the idea of digital downloads, courses, etc., but I feel like there's something else here I can tap into and am just missing. If anyone has any thoughts or ideas, that would be greatly appreciated!