Do you own an LLC or corp? You are welcome.Let us discuss /biz/ness
only a sole proprietorship sorrie
>>59603080Yeah, I do. What up?
>>59603291sole proprietorship is dangerous tho, they could go after your personal assets n' shieeet>>59603564Ayy,So idk, just to start what industry/vertical do you target?
>>59603080I have a YouTube channel of 4k travel videos that's linked to some merch stores that I have print on demand Merch for sale. I bought prints but edit them slightly so only a couple images turned into a hundred images and a ton of merch
>>59603598very nice, I guess competition in the vlogger field is different because you develop loyalty with your viewers so you're not really competing in a traditional sense.
>>59603080Does cold calling work? Been doing it for 3 days and I’ve got some warm leads and possible prospects but I can’t stop thinking that it’s hard to make someone sign a contract with someone who called out of the blue a few days ago.
>>59603598Pretty good idea. I was thinking of making a reaction channel since they're so easy to pump out content, but anon sounds better
>>59603613>Does cold calling work?To some degree yes. But you have to accept a high failure rate, statistically it will work at some point. Sorry for the bland response.Idk if this is related but I want to operate B2B software so I often just cold-email and cold-call businesses of their sales teams and I get leads as well and conversations that get going. But more often than not they lead nowhere, probably because im the new guy on the block and high risk.
>>59603598Is that you? Do you smoke meth?
bvmp
>>59603291bong here.i never understood why anyone would set up as a sole trader, if you're going into business why not be limited it has way more benefits. i wrote off like 20k just selling all my tools to my Ltd company and then taking them with me when the business eventually wrapped up. no one cared. not even HMRC. what are they going to say, im literally 1 guy.
>>59605061nice on the 20k write offbut how are taxes in the UK? pretty bad I hear? even for companies?
I have a LLC just for creative tax purposes.Allows me to delay income taxes so I don't touch the high % brackets in any year, also a bunch of purchases I get to write off as a business expensive to offset the "company" earnings so I don't have to pay corp taxes either. Just have to somewhat update a shitty blog that I optimised to not accept most traffic so it counts as my "business"
>>59605666Can you write a no BS guide to this? Everything I find about this is scam central. I have an LLC (indoor farm) and would love to parlay my capital gains into the future somehow in particular. I also have a W2 job. Sucks getting triple taxed and once I’m a home owner it’ll be quadruple.
>>59605680if you make at least 80k (rough rule) and consistent income, you would have an advantage being taxed as an s corp (IIRC you dont have to BECOME an s corp but you can elect to be TAXED AS an s corp as an LLC, im not a lawyer) you take a w-2 and the rest go to "distributions". you save a lot in taxes, but only if you make a decent amount because your account will charge you more to file for s-corp taxation
>>59605703>accountaccountant*
>>59605680We likely don't live in the same country so the specifics are probably going to be useless to you.Just spend 2-3 days reading the website of whatever tax agency/govt/ministry you have for taxable corporate liabilities and personal liabilities and the path forward should be fairly clearAlso don't forget to apply for sweet company grants and other random bullshit like preferred pricing that your govt allows companies to get.
I have a software startup C Corp.The product is amazing.The industry (construction), however, is extremely slow to adopt new technology.I have a few VCs that seem eager to fund a seed round. I have multiple angels lined up.My co-founder built the program, but he is absolutely retarded on the business side and doesn't listen to me.Its been lots of ups and downs, but I remain cautiously optimistic.
>>59605757holy shit, im surprised someone like you even browses /biz/, no offense to everyone else.Do you have any advice for someone for someone trying to run a B2B Micro-SaaS for e-commerce? I'm building an MVP but there is already validation because I have direct competitors. My main strategy would be to undercut and have a lightweight solution that only does one thing instead of a suite like the others do.How do you connect with businesses? I talk to their sales teams and I email with them and get potential leads but I dunno. Should I attend more conferences and shit? Also is google a(i)ds worth it or nah?
>>59605604tax is 0 if your profit is less than 92k and 10% after that. vat (your service tax, the tax you pay at point of sale) is 20% here, which you can claim back as a business. also we have a tiers income tax set up where we have something called LEL (lower earning limit), so you don't pay income tax upto 12k per year, and capital gains was 10% at the time, so you can pay yourself minimum wage (18k at the time) and then pay youreelf a shareholder bonus at the CGT rate offsetting about 20% of what you would pay in income tax. honestly starting a business in the uk is a breeze. it takes less than 5 minutes and you can avoid all sorts of tax. i would like to do it again at some point, i need to go contract again though.
last bvmp
>>59605703That all an S-corp is. It's an election to be taxed as a corporation ecen thought you are technically self-employment.
