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Just wondering what is the age requirement for incorporating or having a legal corporation…any websites that allow incorporation for low prices?
Also, is it possible for me to have a business checking account once I incorporate?
Is it possible for me to open a limited liability corporation under the advisory of my parents? (I am fourteen). I am interested in screen printing (actually I have very good training in screen printing). How will I handle payments? Will my parents taxes be raised? Thank you so much!!!
You might be able to. Find the organization S.C.O.R.E in your area. They can help. Any money will need to be filed as income. If you can’t start an llc, you can always do buisness under a different name and cash checks by writing dba after your name. Good Luck.
I don’t see how, in this day and age, a corporation can continue to pander to shareholders, when the shareholders don’t give a rat’s ass about the company. All shareholders these days are just speculators, and half the time, they are shorting.
And , in a broader perspective, even if investers were in it for the long haul, as in days past, it makes no sense for a corporation to have to keep pandering to owners of shares that were issued 20, 40 or even 100 years ago. Enough already . Find other ways to raise money and free up management to make better products and better services. Fuck the shareholders.
Do you agree? If so, when will this nonsense end?
I am not a socialist nor a communist. I despise socialism. But corporations are not the only way for capitalism to thrive. Goldman sachs wasn’t an corporation until 1999, and becoming a corporation destroyed the investment banking industry, in a very real and literal sense. There is no more Bear Stearns, no more Lehman, no more Merril Lynch. Even goldman sachs had to become a holding company.
When your only concern as management is to show 20% profit growth every quarter, it basically means that pieces of paper are more important than making good products. GM and Chrysler made better cars relative to the competition, before they became big, beaurcratic corporations.
It’s a mutually beneficial relationship: the shareholders invest capital, the corporation provides a return on investment.
What, they should just love each other, swear friendship forever and call it good? That’s not capitalism, the economic system that’s lifted more people out of poverty than all the alternatives combined.
I work for a landscaping/sweeping company and my boss asked if I’d like to buy out the sweeping part of the business for $50000, thats including all 15 commercial contracts that he has right now with about 10 other contracts within the year and 2 brand new $40000 sweeper trucks . I basicaly run the business, but I need a startup loan to officiate that.The main reason he is selling is with soaring gas prices and my boss starting up a bar and running landscaping/sweeping he needs to gain more sweeping contracts which equals more time which he doesnt really have time for. If anyone can give me some advice or even help Id greatly appreciate it.
Start with your bank, , see if they may help.
Then SBA, They also provide business Loans.
As far as credit is concerned, Bad or no Credit , you just might have to pay Higher Interest Rate
Just look around , you might get Lucky
I work for a landscaping/sweeping company and my boss asked if I’d like to buy out the sweeping part of the business for $50000, thats including all 15 commercial contracts that he has right now with about 10 other contracts within the year and 2 brand new $40000 sweeper trucks . I basicaly run the business, but I need a startup loan to officiate that.The main reason he is selling is with soaring gas prices and my boss starting up a bar and running landscaping/sweeping he needs to gain more sweeping contracts which equals more time which he doesnt really have time for. If anyone can give me some advice or even help Id greatly appreciate it.
Start with your bank, , see if they may help.
Then SBA, They also provide business Loans.
As far as credit is concerned, Bad or no Credit , you just might have to pay Higher Interest Rate
Just look around , you might get Lucky
Can anyone tell me if it is possible to borrow 1 Million in Capital in Cash using Shelf Corporations?
no. it’s not.
Can anyone tell me if it is possible to borrow 1 Million in Capital in Cash using Shelf Corporations?
no. it’s not.
Yes, if you make the business a corporation.