Small Business: Industry: Financial services
Tom Day, Baker, La.
I'm 66 and will be self-directing an IRA to generate income. I understand the IRA cannot be a business. But, I will need a computer, software, travel to attend investing seminars, and a host of other expenses in order to self-direct it. Can any of these be business deductions?
What to do first if you're thinking of merging your company with another.
Michael Pruet, Birmingham, Ala.
I want to merge my accounting firm with another firm. Where do I start? What should I be asking? What does the final structure look like? How do I do it? Will I need a lawyer? Read more…
Kelly, Eugene, Ore.
I'd like to start a real-estate investment business. I don't want to fund it with my own credit/name. I'd like an LLC or S-corp. I started an LLC in 2003, but let it expire. I can renew it for $250 or start a new one for about $50. Would it be worth the extra money to renew? Would I have a better chance in getting funding from a lender since the start date was five years ago?
For a moonlighting techie, a second business necessitates more licenses.
Lacy Taylor, Charlotte, N.C.
I have a business license for PC repair. I have been making small loans to some of my customers and charging interest. Do I need another license for this in Mecklenburg County, North Carolina?
LLCs shield their members from legal claims, but the company itself still carries liability risks.
Angela J. Thomas, ATM Investments, Baton Rouge, Louisiana
I am just starting out in the investment world and am still a bit green in understanding certain things. I purchased two investment properties in 2004 and am renting them out. This year, I created an investment LLC for them. My questions is, although I have the LLC with its “limited liability,” do I still have to put insurance on the company?
John asked FSB about growing his financial services business in Denver. Do you have any advice on how John can grow his business?
Gaston Roberti is seeking health insurance options for his three employees. How have you arranged coverage for your small business?
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