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New Business


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2023 Jun 26, 12:58pm   3,506 views  44 comments

by gabbar   ➕follow (1)   💰tip   ignore  

I am thinking about starting a side hustle/business which I hope will grow and my mainstream work. So far, I established a LLC and funded it with 75k. But I don't know which business to start/buy. Patnetters, any ideas regarding which businesses are a good option AND which businesses are a bad option? I thought about a restaurant but I don't like this business.

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42   Al_Sharpton_for_President   2023 Dec 12, 7:04am  

AmericanKulak says

gabbar says


So the LLC I started, I never filed taxes for it because I only bought a computer and a couple of domains through its bank account. Am I in trouble with the government tax departments for not filing taxes?

If you made no profits, you have no problems.

Not sure about LLC’s, and it may vary by state, but C Corp’s have to file with the state, and there is a minimum tax to be paid, even if no revenue and no profits.
43   HeadSet   2023 Dec 12, 11:55am  

Al_Sharpton_for_President says

Not sure about LLC’s, and it may vary by state, but C Corp’s have to file with the state, and there is a minimum tax to be paid, even if no revenue and no profits.

And your locality.
44   GNL   2023 Dec 12, 1:02pm  

I met a "Santa" today. He charges $300 for the first hour and $150 for each additional hour. He doesn't do the mall thing. Only private parties, events and company event type stuff.

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