Quote:
Originally Posted by ASU2003
I have a few ideas. There is one I would like to implement pretty soon actually.
I have one question actually, and you may think I am getting way ahead of myself... But, this company would be a software company with developers all over the world. There would be no office in the Real World (maybe in something like Second Life (I've never played it though)). So, where would the company have to pay taxes? If I make enough money and live a nomadic lifestyle in random countries for a while as the money in the bank account grows, where would the company have to pay taxes? Do you need to license an on-line virtual company? Would it be best to license it in the Cayman Islands or Nevada or someplace like that? What benefits are there from getting a business license in Ohio, Michigan, Illinois, Indiana or Pennsylvania compared to the other ones? Could you start it in your home state and then move it offshore? I wonder if any business has tried to get away with the solely on-line business model selling software and paying no taxes because they don't have a country?
Where do you find this information out at? Did you read any good books when you were starting your business?
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That's a tough question. I'm sure that if you're making money, eventually some government's going to expect you to be paying taxes and then it will be a big issue. Better to go ahead and register, have a mailing address and submit taxes to somewhere so at least you're covered on that front. Consult a lawyer though, they'll be able to tell you how an online company would need to be set up.
Quote:
Originally Posted by Baraka_Guru
The closest I've gotten is my recent foray into freelancing as an editor. I'm not registered, but I don't think I'll be concerned with that, as my income isn't enough to worry about collecting taxes or anything. Not yet at least.
I've always wanted to run my own business or work as a partnership with someone talented. I tend to work better on my own, and I don't like following instructions. I think I was made to be an entrepreneur, except risk is a bit foreign to me.
My problem is I have the know-how, the skills, the talent, but no ideas. My creativity got zapped somewhere along the way, and I'm still figuring out how to reclaim it.
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Have you thought about a partnership?
I like working with other people on occasion, but being in charge at the same time. Eventually I hope to bring in a photographer to work with me who specializes in fashion or something else that I lack so that we can have a wider market. I get to be the boss but I also get to work with someone. Even working as an independent photographer though, I work with a lot of creative directors and such.
Quote:
Originally Posted by curiousbear
So you gonna be a venture capitalist then?
-----Added 26/9/2008 at 12 : 08 : 47-----
Cadre, sorry your profile picture is very distracting. Is that you? Or did you take that picture?
-----Added 26/9/2008 at 12 : 10 : 26-----
+1, me too!
I want to run or invest/run Dairy Farm, Poultry
Also I am interested in Animal Breeding and Farming for Meat, Leather, etc.
But not in near future
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Curiousbear - My avatar is both a picture that I took and a picture of me. I realize it's pretty distracting, but hey I like it. There's a whole thread in tilted exhibition with a bigger version.
Question: Do any of you guys know of a good program that combines database-like abilities to track jobs and customers while also serving as an accounting and invoicing program? Would Microsoft Access be my best bet?