Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [business]

generic tag for questions related to small business. Related tags corporation, limited-liability-company, s-corporation, limited-partnership, sole-proprietorship can be used as appropriate.

generic tag for questions related to small business. Related tags corporation, limited-liability-company, s-corporation, limited-partnership, sole-proprietorship can be used as appropriate.

186 questions
47
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10 answers

Could a business be structured around Multi-level Marketing, yet still be ethical?

Why is there a lot of controversy and claims that Multi-level Marketing (MLM) is unethical? I see it just as a business model. While the customers and clients, distributors or resellers of your business can be seen as a traditional business model…
Nederealm
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43
votes
4 answers

It is legal for a retailer/store or other business to refuse $50 & $100 bills or other legal tender, e.g. pennies?

I'm trying to find out about businesses refusing $50 & $100 bills. Aren't they required by law to accept all legal tender? I had one person say it could be that it's not all legal (i.e. a concern for counterfeit currency) – in that case shouldn't…
Cherie-Lynn
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25
votes
11 answers

Should I invest ~18k being 19 years old?

I am currently thinking about investing my money in various things. I have a monthly income of 900€ and only 40€ regular expenses including food, spotify premium and a web domain. From what I can observe I have quiete a lot of money for a person of…
randombutnotsorandum
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24
votes
3 answers

CEO entitlement from share ownership?

If I own shares of a company, am I entitled to apply as position of CEO? Who decides? Do I have more clout within the corporation to gain positions of work in the company than a non-holder? What kind of basic clout or advantages come with owning…
SeneJerry
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21
votes
2 answers

Which year to use to pay US taxes on business income that was invoiced in December but paid in January?

I was paid a few hundred dollars to review a few textbooks. I submitted an invoice in Dec 2016, and received payment in Jan 2017. When I pay taxes on this income, does that count towards 2016 or 2017? The context of my question is US federal taxes.
I Like to Code
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21
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11 answers

Why can't my LLC get a credit card when the owner has credit history and a good credit score?

I've started an LLC (US-based) and have an EIN that I'm bootstrapping myself and self-funding. All my addresses and details are registered in the US. I'm the sole employee, but have zero revenue as it has just been founded. It's a software company…
Grant
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16
votes
3 answers

Can I send back money I "loaned" from my personal account to business account?

I opened a self-employed business (in the UK). As a starting budget I sent £100 from my taxed salary to my business account to have something on it. Can I send it back from my business account to my personal account without having to pay any tax on…
Gergő Horváth
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11
votes
5 answers

Should I start my own company so I can claim against tax?

I live in the UK and I'm an employed web and mobile phone developer and very occasionally do some work on the side. I've been recently advised by a family member that I should look at starting my own company for several reasons, one being that I…
Martyn
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11
votes
8 answers

UK - Can I buy things for myself through my company?

this is a UK-based question. I understand that there are certain purchases that you can make using the revenue of your limited liability company, and this is beneficial as you are using money that has not been taxed by corporation tax. However,…
pho_pho
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10
votes
6 answers

How can I deposit a check made out to my business into my personal account?

When I invoiced this company, my invoice specifically said to make it payable to me personally, not my business (since I don't have a business account besides PayPal). Unfortunately, they made it out to my business instead (and not even spelling it…
Joseph
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9
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3 answers

Are founders typically completely on-hook for business loans, when a business fails?

Let's say an individual takes out a business loan, incorporates (or whatever), hires a team and works awhile. Eventually the venture fails. Is this individual completely on-hook for the millions he borrowed? On the surface it seems like this is an…
Ken - Enough about Monica
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9
votes
1 answer

How do I keep an S-Corporation open when it has no revenues

I have an S-Corporation using which I used to do consulting work a few years back. Now, the revenues from that corporation has come down to zero. I hate to close it down in case I want to consult again. For the whole of 2011, I have been filing zero…
Developer1250
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9
votes
2 answers

How does tiktok company earn money?

I would like to know how does the company tiktok make or earn money? They're not showing any ads, but their users are increasing and their video upload rate is increasing. Even they have 500 million monthly active users Also I saw they send…
Ind
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8
votes
4 answers

How are the best way to make and save money at 22 years old

I am currently 22 years old, I work as an insurance biller and make about 800-900 dollars every two weeks cash. I have no expenses because I still live with my parents but I'm trying to branch out on my own in the next year or so. I was wondering…
Arthur Zusman
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8
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2 answers

How did Bill Gates actually make his money?

This is something that has always made me curious as heck. I don't really understand how corporate system works so please forgive me if the answer is extremely obvious. I realize Microsoft's history, their partnership with IBM, their enormous…
Aayush Agrawal
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