he has a point, krypton. you don't need $2,000 for a holdco, just the $30 to register it.

ps. registering a company without a business plan or purpose is retarded.

quote:

Originally posted by nefardec I want to open a gourmet stew restaurant at the top of a hotel in las vegas that charges $500.00 for a designer shoe filled with gourmet stew. You're not just eating, you are eating artwork. Hobo style. only for the elite

I lol'd

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quote:

Originally posted by fayraree he has a point, krypton. you don't need $2,000 for a holdco, just the $30 to register it. ps. registering a company without a business plan or purpose is retarded.

It's a shell company. There is no good or service being offered for sale. I don't need a business plan at this point. The list I posted is just a rough sketch of what I plan to do, which will most likely take 10+ years. $2000 simply gets the foundation started with a little tiny investment. Domesticated completely misunderstood everything.

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if you will develop a concept for 10 years, why do you need to incorporate a business today? what benefit will that have for you?

what about a hair care salon?

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Originally posted by fayraree if you will develop a concept for 10 years, why do you need to incorporate a business today? what benefit will that have for you?

Why not? Incorporate gives credibility. I can invest in the name of my company, instead of my own name. Tax advantages. Foundation for future ventures. I honestly don't know what your guy's problem is...

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quote:

Originally posted by Krypton It's a shell company. There is no good or service being offered for sale.

"Business: A commercial enterprise: the activity of providing goods and services involving financial and commercial and industrial aspects"

...but you're happy just being a societal dingleberry, aren't you Krypton?

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Mix archive | Melbourne club guide

quote:

Originally posted by Domesticated "Business: A commercial enterprise: the activity of providing goods and services involving financial and commercial and industrial aspects" ...but you're happy just being a societal dingleberry, aren't you Krypton?

WTF is your point besides being a total douchebag and looking stupid?

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Originally posted by Krypton WTF is your point besides being a total douchebag and looking stupid?

That you're a clueless idiot who knows as much about the stockmarket, investing and successful business as you do about pleasing women, and that as you grow up and become a "financial planner" or something of that ilk, neither of those tenets will change.

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Mix archive | Melbourne club guide

quote:

Originally posted by Vivid Boy or you could buy a bunch of telephone booths and travel through time with your best friend and Dr. death.

LMFAO

LMFAO

LMFAO

LMFAO

LMFAO

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Nothing lasts, nothing lasts, everything is changing into something else. Nothing is wrong, nothing is wrong, everything is on track...

You know, William Blake said... uh, nothing is lost. Nothing is lost and I... I really believe that, we only move on...

quote:

Originally posted by Domesticated That you're a clueless idiot who knows as much about the stockmarket, investing and successful business as you do about pleasing women, and that as you grow up and become a "financial planner" or something of that ilk, neither of those tenets will change.

= no point

fuck off..

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krypton, i'm actually trying to help because it's my job to provide (in certain cases) start-up businesses with loans, so i know this whole process better than most people (who don't make it their job).

yes, there are tax advantages to list expenses under a registered corporation as they can be written off as losses that you can claim when you eventually make some money. This way, you can accrue those expenses (especially any R&D, which as you said may take up to 10 years). However, you'll have to invest in an accountant to set this up properly for you because corporate tax planning gets very complicated. given where you are in your business planning process, most accountants will laugh at you but happily take your money.

you also have the risk of accruing so many expenses over 10 years that no bank would provide you with financing unless you can show that you have 2 x as much cash on hand as you have accrued losses so that the bank can be sure that you are not using its funds to finance those losses.

anyway, best of luck, and again, domesticated has raised some valid points; no comment on the mud slinging.