oompa
Aluminum
- Joined
- Jul 19, 2011
- Location
- vermont, usa
Hello,
I am looking for some discussion on taxes I can follow to an educational end... politics are not helpful here...
In a machine shop we sell product, pay for materials and other expenses, finance a variety of things, and try to save what we can for a rainy day. When feeling lucky we buy new technology.
I am looking for the simplest possible comprehensive way for a single member LLC look at these activities (plus those I have missed) from a US tax perspective so that I might keep them in mind while making business decisions in the future.
In the next 5 years we would like to build a shop (owned by an llc) and convert the business to an s corp.
This is kind of a dry subject, but I believe it is key to growing a business in this country. Thanks in advance for ideas.
I am looking for some discussion on taxes I can follow to an educational end... politics are not helpful here...
In a machine shop we sell product, pay for materials and other expenses, finance a variety of things, and try to save what we can for a rainy day. When feeling lucky we buy new technology.
I am looking for the simplest possible comprehensive way for a single member LLC look at these activities (plus those I have missed) from a US tax perspective so that I might keep them in mind while making business decisions in the future.
In the next 5 years we would like to build a shop (owned by an llc) and convert the business to an s corp.
This is kind of a dry subject, but I believe it is key to growing a business in this country. Thanks in advance for ideas.