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03-11-2015, 11:30 PM
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#61
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BANNED
Join Date: Nov 4, 2010
Location: houston, tx
Posts: 1,477
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Quote:
Originally Posted by Lauren Mayfair
I'm not disputing the general idea of what you're saying, Wreckshop. I think it's important to establish a credit history and report income and all that.
But my point is that you can't just choose a business, any business and launder your money through it. It's simple. But it's not that simple.
I've had several dba's. When you go down to the tax office and file for one, you don't just say, "I'll have one business, please. Thank you."
You have to give them details. Industry, sector, blah de blah de blah.
If I tell them it's a hair salon, that info gets forwarded over to the relevant state agencies. Eventually they'll want to visit with me. They do that.
If I say I'm selling lipstick out of the trunk of my car, the tax office is gonna issue me a sales tax permit along with my dba. I'm required by the state to file a sales tax return quarterly or yearly as long as I have that dba, even if my sales are zero.
If I start claiming income from my sales and I'm not paying sales taxes, Texas will garnish your shit.
Ask me how I know.
Yeah. I know. Your examples weren't "concrete". But my point is just that it's not as simple as you're trying to make it.
Lying to creditors and car dealers is one thing. The IRS and the Texas State Comptroller is another.
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ooook..
perhaps we have different experiences because I know of 4 instances where someone simply went to a tax office, created a name, paid money, and got a certificate, and was about their way. Was asked for nothing else. The most that happened to them from a correspondence standpoint was receiving junk mail in the name of the business they've started.
Now if I try registering it with a state agency, getting building leased in its name, etc.. then that's when it gets deeper.
And the garnishing part. Lol.. this is a public forum so I'm not going to continue. But I'm a put it like this.. being scared that your little sole propriety that's connected to a bank account will suffer garnishing's somewhere down the line is like spanking your kids bottom till it turns red and being afraid that in the middle of the night CPS is going to kick down your door and take your lil one from you.
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Quote
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03-11-2015, 11:49 PM
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#62
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Registered Member
Join Date: Nov 21, 2014
Location: Houston
Posts: 18
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Quote:
Originally Posted by Lauren Mayfair
The IRS and the Texas State Comptroller is another.
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I would rather deal with the IRS than Texas State Comptroller anytime.
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Quote
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03-11-2015, 11:51 PM
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#63
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Valued Poster
Join Date: Oct 19, 2014
Location: Houston
Posts: 3,778
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Quote:
Originally Posted by Don T. Lukbak
Maybe he lost his mind in a poker game and thought he could give unwanted and unqualified financial advise to hookers
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FTFY
Temporary loss of sanity, permanent posts on a hooker board... Not a good combination
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Quote
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03-11-2015, 11:56 PM
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#64
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BANNED
Join Date: Nov 4, 2010
Location: houston, tx
Posts: 1,477
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Unqualified financial advice but it will get you a car from a low end dealer especially the ones advertising "in house financing"
the chick was trying to get a car but had no pay stubs.
I provided a 3-5 month quick fix.
She can close the account after 6 months I GUARENTEE you that no one is going to be beating down her door for a financial audit over a failed 6 month small business launch attempt.
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03-12-2015, 12:13 AM
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#65
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Valued Poster
Join Date: Oct 19, 2014
Location: Houston
Posts: 3,778
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Quote:
Originally Posted by wreckshop
Unqualified financial advice but it will get you a car from a low end dealer especially the ones advertising "in house financing"
the chick was trying to get a car but had no pay stubs.
I provided a 3-5 month quick fix.
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LM was applying for a car loan? On a hooker board?
That sounds totally out of character for her.
I must have missed that post.
LM, I happen too know a guy that knows a guy...
PM me, we'll get you that car loan through bat channels.
BatWhore's credit is always good in my neighborhood.
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03-12-2015, 12:15 AM
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#66
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BANNED
Join Date: Nov 4, 2010
Location: houston, tx
Posts: 1,477
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Quote:
Originally Posted by H.Hardhat
LM was applying for a car loan? On a hooker board?
That sounds totally out of character for her.
I must have missed that post.
LM, I happen too know a guy that knows a guy...
PM me, we'll get you that car loan through bat channels.
BatWhore's credit is always good in my neighborhood.
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No no...the young early twenty somethings provider, Jade, who I referenced in the link was trying to get a car but no credit or check stubs per the business section post.
She wanted to get into a 2009 dodge charger real bad
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03-12-2015, 12:17 AM
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#67
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Account Disabled
User ID: 245378
Join Date: May 30, 2014
Location: Houston
Posts: 466
My ECCIE Reviews
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Of course they will garnish you. Do you think the State of Texas just doesn't care if small businesses (even the littlest ones) collect sales tax and keep it? Come on, dude. That's their money.
Your CPS analogy is flawed. They have no idea how I parent or what I do on a day to day basis.
But if I call them and tell them I'm about to beat my kid, they're probably gonna show up at my door.
If I file for a sales tax permit, the state is gonna expect a check. Because I just TOLD THEM TO.
Also, an audit and a garnishment are hardly the same thing.
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03-12-2015, 12:25 AM
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#68
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Valued Poster
Join Date: Nov 18, 2009
Location: frisco tx
Posts: 4,539
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Quote:
Originally Posted by Lauren Mayfair
Of course they will garnish you. Do you think the State of Texas just doesn't care if small businesses (even the littlest ones) collect sales tax and keep it? Come on, dude. That's their money.
Your CPS analogy is flawed. They have no idea how I parent or what I do on a day to day basis.
But if I call them and tell them I'm about to beat my kid, they're probably gonna show up at my door.
If I file for a sales tax permit, the state is gonna expect a check. Because I just TOLD THEM TO.
Also, an audit and a garnishment are hardly the same thing.
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you are exactly right.....
I hope you are using what you know to benefit your business model, its obvious you're smarter than the average fucktard, one suggestion though.....could you pose in a raiders jersey??... I would so pay to make that my screen saver!.....
really though.........
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03-12-2015, 12:39 AM
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#69
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Account Disabled
User ID: 245378
Join Date: May 30, 2014
Location: Houston
Posts: 466
My ECCIE Reviews
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Quote:
Originally Posted by Tony Gambino
you are exactly right.....
I hope you are using what you know to benefit your business model, its obvious you're smarter than the average fucktard, one suggestion though.....could you pose in a raiders jersey??... I would so pay to make that my screen saver!.....
really though.........
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Raiders?!?! No way. My loyalty to my team is not for sale.
But, just out of curiosity, how much would you pay?
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03-12-2015, 12:42 AM
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#70
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Valued Poster
Join Date: Oct 19, 2014
Location: Houston
Posts: 3,778
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Quote:
Originally Posted by Tony Gambino
you are exactly right.....
I hope you are using what you know to benefit your business model, its obvious you're smarter than the average fucktard, one suggestion though.....could you pose in a HardHat and toolbelt???.. I would so pay to make that my screen saver!.....
really though.........
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I was just thinking the same thing!!!
There's nothing sexier than a smart soccer mom with a rocking body!
Although WS had the best intention of helping Jade get the car of her dreams. When dealing with government bureaucracies, the deceptive practices he was suggesting could lead to serious consequences.
I found it amusing him standing toe to toe with the lovely Lauren. Watching her take him down in a battle of wits. NaziWhores Rule!!
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03-12-2015, 12:51 AM
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#71
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BANNED
Join Date: Nov 4, 2010
Location: houston, tx
Posts: 1,477
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Quote:
Originally Posted by Lauren Mayfair
Of course they will garnish you. Do you think the State of Texas just doesn't care if small businesses (even the littlest ones) collect sales tax and keep it? Come on, dude. That's their money.
Your CPS analogy is flawed. They have no idea how I parent or what I do on a day to day basis.
But if I call them and tell them I'm about to beat my kid, they're probably gonna show up at my door.
If I file for a sales tax permit, the state is gonna expect a check. Because I just TOLD THEM TO.
Also, an audit and a garnishment are hardly the same thing.
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If you file for a sales tax permit of course they're going to be expecting something.
If you file for a Tax ID number to go along with your small business name you're going to likely expect something.
If you open up a business bank account under some DBA certificate you got from the tax office, no one's dipping in there to garnish money out. And if that were to happen, there's quite a few steps involved before it gets to that.
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03-12-2015, 01:07 AM
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#72
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BANNED
Join Date: Nov 4, 2010
Location: houston, tx
Posts: 1,477
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Quote:
Originally Posted by H.Hardhat
I was just thinking the same thing!!!
There's nothing sexier than a smart soccer mom with a rocking body!
Although WS had the best intention of helping Jade get the car of her dreams. When dealing with government bureaucracies, the deceptive practices he was suggesting could lead to serious consequences.
I found it amusing him standing toe to toe with the lovely Lauren. Watching her take him down in a battle of wits. NaziWhores Rule!!
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She's not taking me down when I have proof and evidence that a DBA can be obtained w/o necessarily submitting any government documentation.
Government: Hey LM - You created a business called "Mayflour's beauty salon and sweet smelling products" We don't see any necessary filings. What happened?
LM: I quit. It never started.
Government: But you were required to file a sales tax permit and you didn't..
LM: oops, my bad. What's the financial penalty for this?
Government: Well umm... x amount of dollars.
LM: Can you send that to me in an invoice so I can mail it?
Government: Sure.
LM: Thanks.
Government: Oh by the way. We decided to go a step further and look into some personal bank accounts. We see there's a business account.
LM: I use it along with my personal account to keep money and do regular banking.
Government: We're now extending our magnifying glass and are noticing deposits. Where are they from? SALES???
LM: Naw, I have a sugar daddy and my grand pappy likes giving me money because I'm his favorite.
Government: PROVE IT!!!
LM: Do you want a sworn statement or for me to video tape them giving me cash..
Government: Yes.. we will call for a hearing in court to verify all of this.
LOL LOL LOL LOL.... right..
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03-12-2015, 01:15 AM
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#73
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Valued Poster
Join Date: Oct 19, 2014
Location: Houston
Posts: 3,778
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Like I said, this had been quite amusing.
I got a pretty good chuckle out of that one.
Got any more imaginary conversations up in that nogin of yours?
These are imaginary right? Its not like you got voices talking to you?
that would be cause for concern...
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03-12-2015, 01:17 AM
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#74
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BANNED
Join Date: Nov 4, 2010
Location: houston, tx
Posts: 1,477
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Quote:
Originally Posted by H.Hardhat
Like I said, this had been quite amusing.
I got a pretty good chuckle out of that one.
Got any more imaginary conversations up in that nogin of yours?
These are imaginary right? Its not like you got voices talking to you?
that would be cause for concern...
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Naw that was Lauren and some government suit trying to be intimidating.
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03-12-2015, 01:35 AM
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#75
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Valued Poster
Join Date: Oct 19, 2014
Location: Houston
Posts: 3,778
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Quote:
Originally Posted by wreckshop
Naw that was Lauren and some imaginary government suit trying to be intimidating.
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I'm just making it clear that these are hypothetical conversations.
And really, who'd want to have that conversation anyway? When there are so many other options.
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