New Business
invite response
2023 Jun 26, 12:58pm 3,552 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
Al_Sharpton_for_President
2023 Dec 12, 7:04am
AmericanKulak 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.
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
HeadSet
2023 Dec 12, 11:55am
Al_Sharpton_for_President says
And your locality.
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
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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