Certainly, people are not required to get a license, permit ect to do anything.
Persons are required to.
By the way, you cannot be a people without redeeming lawful money.
My current opinion only and not legal advise.
Certainly, people are not required to get a license, permit ect to do anything.
Persons are required to.
By the way, you cannot be a people without redeeming lawful money.
My current opinion only and not legal advise.
Hello All,
I am a brand new member of the suitor club so I apologize in advance...
I have been following this site along with a few others just trying to grasp hold of the hold idea of redeeming lawful money. I get it, I do. I've ordered my stamp and I plan on implementing this remedy on everything I do.
The long and short of it is I am a 30 y.o business owner who is just getting started. I purchased a mobile food unit in October and we are set to launch in about a month or so. I presume most all of our sales will be cash with a few exceptions where customers may utilize Square-Up https://squareup.com/...payment from a smartphone.
What are the definitive steps someone like myself would need to do in order to rid myself of the IRS in all my business dealings. I have no accounting or business background (the business aspect I'm leaving to my fiance). To be honest I am completely lost with the whole accounting aspect of it. Being a 30 year old female, when I explain what I am doing to my friends and collegues they are totally lost and more or less look at me like I have 10 heads. Yes, I am quite ahead of my time But have no one to help me. We've filed our LLC and DBA with Pennsylvania. Being as though we created our LLC back in October and are not even up and running- thus no income- I have just been filing zeros on my quarterly statements.
Any suggestions or help or feedback would be most appreciated!
Hello Jmi52, welcome to the club.
Trading goods and services for cash is a great thing in my experience, because with cash one does not have to beg a bank to give it utility, as one does with a check, at which point one may be considered to be engaged in a "trade or business" with the United States. That would be taxable.
You cannot expect to "rid" yourself of the IRS when you apply for a TIN and an LLC. That is akin to jumping in bed with the IRS.
DH and I once had an LLC and it proved to be a complete waste of time and resources for us. Our tax payments were always higher than our income (popular meaning of the word), after we paid all the bills.
Great way to go into dept.
We dissolved the LLC and went back to business as usual, dba XYZ CONSTRUCTION (DH is a carpenter), except we only accept lawful money for payments anymore.
This works much better for us.
We are not required to file 1040s anymore, because our numbers are too small, but we file 1040EZs anyways, for the EIC and other reasons.
Regards
Treefarmer
There is power in the blood of Jesus
This is what I have learned from George Gordon and his broadcasts.
Private business does not involve government. Private business is just that ... private between the business and the customer.
Public business has a public interest involved and thus is subject to regulation by government.
Keywords there are public interest.
This also includes employment. There is no common law right to employment.
Employment is a state regulated franchise.
The downside of all of this is that private business is strict liability. Accepting the state franchise of incorporation and thus limited liability is an enticing benefit.
Wonder what "type" of Private business is just that ... Http
Thank you for the kind words! So my question is, is a DBA, and by this I presume you mean operating a "business" under a ficticious name, able to be in existence without an LLC? I first filed our LLC "umbrella" and then did a fictitious name for our actual truck's operating name. So we are XXX, LLC dba XXX food truck.
When we dissolved the LLC, we went to the bank to close down the LLC business account. This is a small town, where everyone is known by first name, and the bank lady asked us why we wanted to close our business account. We told her that we had dissolved the LLC and she said there was no reason to close the account, just rename it, FIRST M LAST dba XYZ CONSTRUCTION.
We followed her advice and that's the way it's worked for us ever since. We never even filed any paperwork on the DBA, it only exists on the bank account.
I should add though that ever since the housing market crash of '08 we have not handled any large contract jobs and DH is semi retired. We are anachronisms of a bygone era, handling only lawful money cash and making oral contracts, with a hand shake only. We live in a rapidly shrinking world of no codes or building inspectors, perhaps the last place of its kind.
Treefarmer
There is power in the blood of Jesus