Sunday, August 15, 2010

What are the formalities for naming a partnership concern? -

and if possible please suggest some good names

Naming a partnership firm is mutual choice of partners. However Name Emblem Act must be followed and it should be ensured that name is not similar to any other existing concern. In case of registered firm if name is used by new concern, compensation may be imposed and name also liable to withdraw. Naming should also be matching with the actual objective of proposed concern like a proposed concern if going to start a software development business, may named as Five Star Software Solutions.

Has anyone tried home work job that really works and pays? Not asking for thousands a week just simple money.? -

At this time of my life I need to stay at home with my 5 month old due to home/daycare provider issues that has made me think I should be a stay at home mom until she gets older enough at least she can start pre school. I have been very skeptical with a lot of the work at home in that they ask for money and lots,especially when they don t tell you what they need you to do. So if anyone out there has tried something or is currently using the internet for some income please I would like to check out out and decide whether i should try or pass. i really need something to so while at home and be the second income in the household. Please help thanks.

You, and many others like yourself, have asked this same question about twenty or thirty times every day.have you read the other answers to questions like this? You should go back to the archives and read them, and see what the answers are.The scams are usually gone from early questions because the good users of this forum are smart enough to report them, only the true, honest and wise answers remain.

There are very few legit work at home opportunities and the ones that are legit have a very long waiting list to get in.Remember, never pay a fee for a job . If there is a fee, it is a SCAM.

there are 2 ways to make money work for some one else or work for your self. if you start a business then you will incure expenses, this is the way it is, if yu are employed by someone else then you won t have expenses.working from home has always had a startup cost, I have been doing this for a while and I love the freedom it brings. and the tax write off are great, I could go on but there is no room so if you want details then email me. if not then good luck to you

Saturday, August 14, 2010

Hi does any one know if i can sell hot dogs etc from my hot dog van at kids footy games, industrial est, etc? -

I am thinking of buying a hot dog van/ice creams and going to local businesses etc My stay at each place should be about 15 mins to an hour ish, also i was wondering if i can just pull up in laybys and trade. Any one know if this is legal? many thanks

You will need a Traders Licence from your local Council and permission from them to park at various places. If you jut turn up somewhere you can be asked to move by the Police. Most Councils in the UK are now stopping vans from just parking anywhere.Your van will have to be inspected by the Environmental Health Department and you will need a Health/Hygiene/Safety certificate. You will also have to have Public Liability Insurance, also a seperate Insurance if you are cooking in the van. If you do not have any of the above and start trading you will be prosecuted very quickly.

You can t just park anywhere and sell food you need a license, also the regulations regarding food and Hygiene is very strict , I know i ve just opened a place . Good luck though it s hard work but well worth it !

No, you have to be licensed to do this. Go to your local council to ask for a trader s license and how to go about getting one. All the best :)

also you will need to be very aware of food hygiene regs and register as a food seller. expect rigorous inspections

Friday, August 13, 2010

Looking for a store name? -

Trying to come up with good ideas for an store name, will have a webpage and do catalog sales for now, as far as the types of products we will offer everything from gadgets, to home decor, to outdoor decor such as birdhouses etc. and bath/spa products.

Wherejou Getdat?

Hi there. Cannot think for a good business name but this blog will definitely give you more than 10 ways to come up with your very own original business name. Hope it helps. Good luck!

Countless.

New Business Schedule C Questions? -

I have a new business (embroidery) and have lots of questions on filing my schedule C next year. I want to make sure I m collecting the right information today so it s not difficult come April. I ve tried to research this as much as I can, so would like clarification on if my assumptions are correct:It is my understanding that boxes I purchase for shipping can be expensed as an office expense, such as line 18? I bought them in bulk and have a lot remaining but I ve read I don t need to count this as inventory value and can expense it immediately.I also buy a lot of needles, and other items that don t go in the actual products that would be expensed on the same line?What about embroidery software, fonts -- same, line 18?The freight I pay to have fabric brought to me -- that goes as part of the COGS, line 36? But leftover value carries over as value of inventory? Fabric is so difficult -- I know the price per yard that I pay but it will be very time consuming to calculate exactly how much I ve used / exactly how much is remaining to determine COGS and remaining inventory values... is it at all possible to expense this raw material (fabric) all at once vs carrying it over year-to-year as inventory?What about thread -- even more difficult to calculate than fabric -- can I expense this all at once as an office expense or do I really have to guesstimate the used portion in COGS and remaining portion as inventory value?The freight I pay to ship the product to the customer -- that goes as an other expense? Line 27/48?Credit card processing fees I pay to paypal -- line 27/48?I have a resale certificate but I ve still been paying tax on a lot of my purchases, especially if I shop locally. Am I out those taxes (I shouldn t be paying taxes on materials included in a product I resale (and collect taxes on), right?...) or can I actually expense them as part of the COGS since I ve paid them?For office supplies such as needles I mentioned above, I pay tax on those too but those are items I keep and should pay taxes on. Do I include the taxes paid on those items on line 18 or do I break apart these sales taxes as separate items and place them on line 23? And the taxes I ve paid on fabric mentioned above, as part of the COGS line 36 or part of the taxes line 23?The sales taxes I ve collected from customers go as revenue line 1, but then also get added into line 23?This seems to be a lot of work but any clarification will help.THANK YOU!!

It is my understanding that boxes I purchase for shipping can be expensed as an office expense, such as line 18? No, Line 27 (brought over from pg 2 Part V) I also buy a lot of needles, and other items that don t go in the actual products that would be expensed on the same line SAME What about embroidery software, fonts -- same, line 18 This should be Depreciation. This is a long term expense, but you can elect Sec 179 to expense this year.COGS - cost of purchase includes freight in. for your operation, don t worry about it. As for COGS: beginning inventory + purchase - ending inventory is good enough for your operation.if you purchase a lot of the same type fabric, it might be easier to average the cost. Tally up the total cost of purchases and divide by total yardage gives cost per yard. At the end of the year, estimate your yardage (you don t need to get too precise) and that s your ending inventory. The freight I pay to ship the product to the customer -- that goes as an other expense? Line 27 yes, carried over from page 2 part V Credit card processing fees I pay to paypal -- line 27/48?Yes Bank CC Fees I have a resale certificate but I ve still been paying tax on a lot of my purchases Add the tax into inventory cost. Then fill out the resale certificate for each state you purchase materials and inventory from and submit to your vendors For office supplies such as needles I mentioned above NOT office expense, manufacturing expenses or repairs/maintenance Line 27 page 2 part V again Cost is your TOTAL cost including any tax. and you should pay the sales tax because you are not reselling them. They are a repair type cost. The sales taxes I ve collected from customers go as revenue line 1, but then also get added into line 23 Sales tax is NOT a revenue, it is a fiduciary transaction. I have seen people do it, though. So, again, Line 27 Page 2 Part V. Sales Tax _________________________Additional DetailsCan sewing thread be Sec 179 also (this would be so much easier) or do I need to compute it as ending inventory (since it is a material sold in my products)?Unless you are talking a LOT of thread, I d directly expense it.And you don t Sec 179 inventory. It s depreciation (equipment, furniture, buildings) that Sec 179 applies to. Inventory is tied to Cost of Goods Sold (CoGS).

Programs Entrepreneurship? -

Why is entrepreneurship a popular business program?

why is English so important? History?Geography?each serves a purpose--teaching a different, important knowledge

Do You Want To Be Successful? Check this program out and it will answer your questions.Its for real and will teach you step by step how to be successful and point you in the right direction.Best of Luck to you.K

I want to advice about the wax camical? -

Do you mean chemical ?What about it? If you post a question, provide enough detail to answer it.

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