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Chris
Guest
Loopholes are great but I have been audited twice by the irs and I will tell you that isn't fun at all. I did win both.
Help Support House Repair Talk:
Loopholes are great but I have been audited twice by the irs and I will tell you that isn't fun at all. I did win both.
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Chris
Guest
Then I become what I don't like.
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Chris
Guest
Close corporation, go sole prop with one or two employees. Easier to hide stuff when sole prop plus the state charges a grand a year just to have a Corp.
slownsteady
Well-Known Member
The government doesn't know what to do with small companies. In fact, all the stats for small Cos. usually refer to companies with about 100 employees...that's what the gov't considers "small business" If you have twenty people you are expected to manage like you had 100 people. Imagine how it is as a freelancer or a Mom & Pop business.
And small business owners have no safety net: no unemployment if your business folds, no disability unless you insure yourself. And you are still expected to be brave enough to stand on your own feet. The gamble is hardly worth it. They have to hide the hardships behind the glorified name "entrepreneur".
And small business owners have no safety net: no unemployment if your business folds, no disability unless you insure yourself. And you are still expected to be brave enough to stand on your own feet. The gamble is hardly worth it. They have to hide the hardships behind the glorified name "entrepreneur".
nealtw
Contractor retired
Forecasting a budget is just part of doing business if they can't do that they can't buy inventory or rent a shop or hire people.
slownsteady
Well-Known Member
Many ups & downs for a micro business. it's really hard to predict earnings from year to year when the economy is out of your control.
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Chris
Guest
Our problem has been we get very busy for 6-8 months and then nothing for a couple months. Over all we do ok. We are not making it rich but we are making a living and the company is growing.
