Home Ownership

[Gwaihir]

Originally Posted by Pulgasari [You must be logged in to view images. Log in or Register.]

Hey man if you can't afford to pay electricity, workman's comp, ADA compliancy, lease, water, equipment, bookkeeping, advertising, packaging, unemployment insurance, payroll tax, and liability insurance, you don't deserve to have a business.

Exactly. And don't forget, you're not to receive any pay for this operation. Once you've invested all the costs, the company exists to pay the labor a 100% linear translation of their processing materials into end product as salary at 90% commission. You can use it as a write off against your wealth tax.

Hopefully you didn't finance anything for the company along the road either, because there's nothing left for paying that back, but then again (((banks))) are an evil for-profit institution that should be lending money for free also.

[Horza]

Originally Posted by Gwaihir [You must be logged in to view images. Log in or Register.]

Because the electricity, workman's comp, ADA compliancy, lease, water, equipment, bookkeeping, advertising, packaging, unemployment insurance, payroll tax, and liability insurance for sue-happy people has no cost.

And....most restaurants fail, my dude. Open up your own bakery; most of them are owner operated. You already have all the experience to succeed, get to it hoss. And once you do get it up and running, do it at material-cost only. After all, it's a charity. Don't pay yourself. That would be morally evil.

Originally Posted by Gwaihir [You must be logged in to view images. Log in or Register.]

Exactly. And don't forget, you're not to receive any pay for this operation. Once you've invested all the costs, the company exists to pay the labor a 100% linear translation of their processing materials into end product as salary at 90% commission. You can use it as a write off against your wealth tax.

Hopefully you didn't finance anything for the company along the road either, because there's nothing left for paying that back, but then again (((banks))) are an evil for-profit institution that should be lending money for free also.

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[Gwaihir]

Another option is. You can invest all of those costs up front, and then when you hire your first employee you owe him 50% profit sharing, and 50% ownership of the company.

Your second employee would then get 25% profit sharing, and 25% owner ship (half of your remaining half) or maybe you can negotiate with your partner for you to split the bill, but don't count on it. After all, YOU are the one that wanted the second employee, so.....

[Topgunben]

Originally Posted by Byue [You must be logged in to view images. Log in or Register.]

I remember my first job as a baker.
I would come in, focus an dedicate my craft to making the most exquisite cakes, cupcakes, macarons, ice cream and so forth.

I would take 100$ worth of products and turn it into a few grand worth of baked goods.
I mean, they sold six macarons for 15$, I would make 500-800 a day.

And then, I would realize that I had been paid 90$ for that (eh, I was much younger and minimum wage was different) and I realized then that the real moochers aren't who you think it is.

That the American description of socialism where you work hard and people who didn't work at all come and take your hard work's benefits applied mostly to capitalism and my boss.

I realized that I could make the company 3-4k a day, only for them to pay me 90$ a day.

And I started being a leftist ever since.

I make the economy go round, you make the economy go round and anyone just investing money in the stock market to get richer is a sycophant of our hard work.

I mean be my guest, hate me but this is logical.
The real moochers are the rich.

And the worst are the landlords who think it's a job.
Owning a house you wait rent for to pay mortgage with is not a fucking job.
Your tenant are doing you a solid.

There are so many expenses beyond your payroll. There are cost of goods, overhead, insurance, taxes, loss of goods, finance costs, just to name a few.

Not to mention the headaches that come with running a business. For you, you got $90 a day whether a muffin was sold or not. The owner took all the risk and so therefore will take all the reward.

And if you say, "the reward is not commensurate with the output of work that the owner has performed" My answer would be, why don't you do it yourself? The truth is you wont do it yourself, probably because it is harder than you are willing to admit.

I am actually surprised at how simple minded this comment was from you, because even though you are typically an asshole, you don't come off as low-IQ.

[Gwaihir]

Originally Posted by Topgunben [You must be logged in to view images. Log in or Register.]

There are so many expenses beyond your payroll. There are cost of goods, overhead, insurance, taxes, loss of goods, finance costs, just to name a few.

Not to mention the headaches that come with running a business. For you, you got $90 a day whether a muffin was sold or not. The owner took all the risk and so therefore will take all the reward.

And if you say, "the reward is not commensurate with the output of work that the owner has performed" My answer would be, why don't you do it yourself? The truth is you wont do it yourself, probably because it is harder than you are willing to admit.

I am actually surprised at how simple minded this comment was from you, because even though you are typically an asshole, you don't come off as sub-IQ.

I like how when I explained HOW TO (legitimately) start up a business from home, suggesting the kind of expenses Gravydoo would not want to overlook when record keeping expenses against his sales he just got butthurt, because he's trying to evade taxes entirely, with his side hustle.

Super ironic considering he's a leftist.

[hobart]

Originally Posted by Gwaihir [You must be logged in to view images. Log in or Register.]

I like how when I explained HOW TO (legitimately) start up a business from home, suggesting the kind of expenses Gravydoo would not want to overlook when record keeping expenses against his sales he just got butthurt, because he's trying to evade taxes entirely, with his side hustle.

Super ironic considering he's a leftist.

You voted for Donald Trump. No one with a brain is going to take your advice seriously. Disqualifying event.

[Topgunben]

Originally Posted by hobart [You must be logged in to view images. Log in or Register.]

You voted for Donald Trump. No one with a brain is going to take your advice seriously. Disqualifying event.

Did you vote for Biden?

[Gravydoo II]

I like how you have to make up an alternate time line of exactly how a business does not work. Makes you sound really stupid, like you dont understand anything at all.

[Gwaihir]

Originally Posted by Gravydoo II [You must be logged in to view images. Log in or Register.]

I like how you have to make up an alternate time line of exactly how a business does not work. Makes you sound really stupid, like you dont understand anything at all.

Actually, that is exactly what the dipshit making macaroons doesn't understand in this scenario. Obviously you've never worked in accounting administration. There are a ton of costs beyond materials and labor. Sorry you're too stupid to understand that.

When you make and sell wood products out of your house, are you allocating a percentage of your power bill, a percentage of your mortgage (rent), amortizing your equipment, allocating a percentage of your communications costs, and tracking web advertising costs, the material costs, as well as the consumable materials like sanding discs, nails etc to write off against your cash-flow profit, or are you just stealing from the rest of us by pocketting the cash flow and not reporting it on your taxes?
Are you using accounting software which would be expendable, as well as qualifying your PC as an expense.

Are you submitting your expected 1099-misc withholdings quarterly like you're legally required to so as well?

Can I come over to your place and use all your equipment? I'll bring my own wood,so it doesn't cost you anything.

[Gwaihir]

If anything, the list I provided is not nuanced enough, as there are other costs that pop up as well. Does your lease agreement on the bakery require you to repair and maintain the building, plumbing etc?