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Alex
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  • San Francisco, CA
  • United States
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Forming Corporations
13 Replies

Started this discussion. Last reply by Alex Jun 27.

 

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Alex updated their profile photo
September 16
That's a good point Adrian. It could end up costing me more money than just keeping the assets as they are in my name. I definitely wouldn't do anything hastily, without figuring out exactly how much all the different options will cost and save in t…
June 27
Yes, except it's not really "free". They will set up the paperwork for you without the additional charge for doing that, but you will still pay to file with the government (whichever state you choose, and there are huge differences in what states ch…
June 25
--- Looking for free LLC or Corporation ? I saw blogger MyJourney left nice comments about Adrian's new look over at 7million7years and so I clicked on his link to go on over to his blog. Did a search there using the word "corporation" and one of…
June 19
Just the fact that you could graduate from college debt free is worth more than you know :) Ask anyone who is in their late twenties... thirties... and still repaying college loans.
June 18
So...my hubs and I have a small swap meet business. I think it might be advantageous to form a corporation and pay ourselves a salary instead of just taking the leftover money at the end of the day and spending it on living expenses, using my payche…
June 16
I'm not sure about the college ramifications you've mentioned, but I used legalzoom.com to form my LLC to save on attorney costs and as far as I can tell I think everything has gone well :) You can choose how you want the business taxed (pass throug…
June 16
A puppeteer suggests in this brief video just calling up the Department of State. Expert Village incorporation of puppeteer video Although you may think that's laughable, it often is the cheapest way to find general information to see what booklet…
June 14
Saw this review on Amazon.com: The Book Saved Me Money, November 24, 2004 By John Matlock "Gunny" (Winnemucca, NV) - See all my reviews (REAL NAME) This book is, to me, misnamed. It's really about how taxes are collected on various types of busine…
June 8
Sorry Alex - I wasn't "having a go" at you in that piece about Bono. What I was trying to say is that it may well be sensible to exploit these seemingly unfair arrangements, and as you have shown in your explanation, by doing just that, you may wel…
June 8
Right, at the moment its less about tax purposes than financial aid purposes. Colleges uniformly take 20% of student assets as an expected student contribution (whereas parent assets beyond the 30-45,000 normally given shelter are assessed at an exp…
June 8
Hi Alex - what a great subject for discussion ! I've seen a slew of books with titles like "Incorporate yourself" as a general method to be used in your quest to become more wealthy, not (I would guess) specifically as a vehicle exclusively for you…
June 8
Alex added a discussion
Does anyone know how to make a corporation (LLC or otherwise)? I want to transfer my stock assets to a corporation, so that I can continue to invest and increase their value and gain the tax breaks that corporations get.
June 7
Looks like you got commodities pegged. I was watching CNBC and they had Jim Rogers on today, he was basically saying the same thing. Since it's a long term play, keep buying. Those businesses will act like a SUPER high interest savings account.
June 4
Alex left a comment for Josh
June 4
Hey Alex, welcome to shareyournumber. Interesting plan. I assume you have 3 years of college left, which is three years of stock market investing. If you believe oil will bubble again between now and then, I would say hold those alternative energy s…
June 2

Profile Information

What's Your Number?
35,000,000
What's Your Date?
June 12, 2025
What's Your Life's Purpose?
I want to travel and enjoy and experience the most breathtaking, beautiful places in the world, and I want to have modern condos in the world's best cities in Europe and the US. I want to be able to invest in cutting edge startups, alternative energy companies, and social entrepreneurs. My perfect day would be sitting in a cafe in the Quartier Latin, and knowing that I can go anywhere and do anything without worrying about having to have a job.

Alex's Blog

Alex

The Beginnings...

My journey to financial freedom started two and a half years ago, when I purchased several thousand dollars of Apple stock and excitedly watched as it rose to a high of $200. Unfortunately, as an investing newbie, I got greedy, and thought that my 100%+ returns would keep happening well into the future, so I didn't sell. This past winter, after the crash happened, I sold my position in Apple and instead put the money (at a 20% gain, so it least it wasn't at a loss), into alternative energy stock… Continue

Posted on May 25, 2009 at 12:58pm — 4 Comments

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