Get your own LLC or corporation...

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Props Slaps
 01-17-2009, 11:49 PM         #1
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59 comments


Treshawn005 
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$n/a | Props total:  
Get your own LLC or corporation...
 

 
i just learned this trick. i got a LLC for my music production company and a tax ID #. When i filed taxes, i gave all my recipts, and bank statements to my accountant and got a HUGE return. Even if you make only a lil money from your business, you can write off most things, like i wrote off blank cd's, computer and music equipment, and a lot of other stuff. You can usually get 4-5 g's back. anyway, get up on it.

59 comments for "Get your own LLC or corporation..."

 9 years ago '04        #2
killadre 229 heat pts229
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$20,470 | Props total: 16285 16285
thats called 1099 income which is so much better than w-2.. tax laws are made by business owners for business owners... 1099>>>>w-2:agreement6::agreement6:
 9 years ago '04        #3
sideshow20 17 heat pts17
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$9,580 | Props total: 549 549
::saves all his footlocker receipts.::
 9 years ago '05        #4
DatNiggaBiz 2 heat pts
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$520 | Props total: 16 16
this is the type of sh*t we need in the financial section not this ad clicking bullsh*t.
 9 years ago '04        #5
sideshow20 17 heat pts17
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$9,580 | Props total: 549 549
Do u have any info on how to get a LLC i have some info on how to be incorporated.
 9 years ago '06        #6
HYPHY_50 1 heat pts
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$897 | Props total: 207 207
when ever i am going to make a large purchase, i buy gift cards and use them for the purchase. Then i turn around and say they were special promotions that i gave away
 9 years ago '04        #7
HarlemzBishopJ 3 heat pts
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$2,596 | Props total: 254 254
check your local city or states website for LLC information. I do this all the time with my computer company. You may have to pay a small for to legalize your business in your town, but it's worth it.
 9 years ago '09        #8
Drewnufagus 
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 Dat n*gga87 said:
thats called 1099 income which is so much better than w-2.. tax laws are made by business owners for business owners... 1099>>>>w-2:agreement6::agreement6:
this is the real deal u hit it on the nail.
 01-19-2009, 09:50 AM         #9
bceasey  OP
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all i had to do was call the irs
 9 years ago '05        #10
daoneandonly 4 heat pts
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$433 | Props total: 164 164
damn dats wats up thanks for the info. i do music to as well as other stuff i be sure to get a llc and rake it up next year...
 9 years ago '06        #11
Malcolm 34 heat pts34
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$6,129 | Props total: 1204 1204
Thanks for the info. I'm going to have a music company with my cousins this.
 01-23-2009, 02:34 AM         #12
JediKnight'sSon  OP
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I set up my LLC on InCorp.com.

It cost $350, and took only 3 weeks for me to get the Papers in the mail :applause:

I just set up a Bank Account for it earlier last month, and am gonna set up some sites that generate income with Google Adsense.

Treshawn, is there any place we can hear your beats?

And were you able to write off living expenses, like Food, Clothes or Apartment Rent, or just stuff that relates to creating Music?
 9 years ago '06        #13
bookerx3 8 heat pts
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 Datn*ggaBiz said:
this is the type of sh*t we need in the financial section not this ad clicking bullsh*t.
^^ co-sign. I plan on checking this out soon. Seems like a real good idea. I know there are many tax breaks available for biz. owners I just never knew where to start looking.
 9 years ago '04        #14
KidYungn 280 heat pts280
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$2,237 | Props total: 2 2
ill develop an LLC once i reach an certain amount of income from my sites
 9 years ago '04        #15
hardcopyhc 
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$1,291 | Props total: 155 155
sounds good finally some real sh*t on boxden props
 9 years ago '04        #16
BunDLeZ 
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$3,242 | Props total: 1 1
 Treshawn005 said:
i just learned this trick. i got a LLC for my music production company and a tax ID #. When i filed taxes, i gave all my recipts, and bank statements to my accountant and got a HUGE return. Even if you make only a lil money from your business, you can write off most things, like i wrote off blank cd's, computer and music equipment, and a lot of other stuff. You can usually get 4-5 g's back. anyway, get up on it.
Propz....I've been talked into doing this for years.....Thats a good way to beat tha system...
 9 years ago '05        #17
Demboyz746 
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$1,569 | Props total: 103 103
i got an llc with the state were i lived at, i just want to know.. How do i go about getting the tax id papers
 02-05-2009, 11:51 AM         #18
allstar32  OP
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me and my n*gga set up an LLC to start real estate investing, everybody is right tho. the gov't uses things like this to get people to do their own business and all that because that runs the country. The tax loopholes and all that are pretty much incentives.
 02-05-2009, 11:52 AM         #19
allstar32  OP
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 Demboyz746 said:
i got an llc with the state were i lived at, i just want to know.. How do i go about getting the tax id papers
you have to go on the irs website to apply for a tax id, then go to a bank an open an account in your company's name using that tax id number.
 02-05-2009, 11:02 PM         #20
iAM  OP
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can somebody post up pdf's i could print out to get sh*t poppin?
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