I'm starting a small business. I have a DBA for East Texas Bank and Trust.
It doesn't have any deposits, employees, assets or anything else. It's a sole proprietorship. It's owned and operated exclusively by me, Alfred Molison.
I'm investigating lending my parents some money to buy their home, buying some gold coins then selling them. I've had break ins at my old home and my parents home. So These coins, if they're ever purchased will have to be insured and stored in a real bank's safe deposit box. Nothing has been bought or invested yet.
One of my objectives is to begin building a track record of success for future larger businesses.
I'm working to make these projects as moral, transparent, and profitable as possible. I'm happy to pay taxes as the price of living in a civilized society.
I'll be consulting an accountant to determine how to pay taxes and publicly display the results of the investments.
The house might be bought outright or it might be a down-payment. We'll see and I'll plan on reporting.
I'm open to suggestions, if you'd like to reply.
Talk with y'all soon!
Alfred
It doesn't have any deposits, employees, assets or anything else. It's a sole proprietorship. It's owned and operated exclusively by me, Alfred Molison.
I'm investigating lending my parents some money to buy their home, buying some gold coins then selling them. I've had break ins at my old home and my parents home. So These coins, if they're ever purchased will have to be insured and stored in a real bank's safe deposit box. Nothing has been bought or invested yet.
One of my objectives is to begin building a track record of success for future larger businesses.
I'm working to make these projects as moral, transparent, and profitable as possible. I'm happy to pay taxes as the price of living in a civilized society.
I'll be consulting an accountant to determine how to pay taxes and publicly display the results of the investments.
The house might be bought outright or it might be a down-payment. We'll see and I'll plan on reporting.
I'm open to suggestions, if you'd like to reply.
Talk with y'all soon!
Alfred
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