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For The Grown & Sexy — The Ill Community

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  • 07/22/14--16:11: The General Business Thread
  • Alright yall this is a spinoff from the Tax Implications thread that was started by @JonnyRoccIT‌ . I made this thread to help out anybody who has general questions about getting started or going forward, legal matters in business, financing/banks/credit, how to find information, building websites, structure, taxation, business plans/proposals, investing, motivation - anything that has to do with running a business please ask the question here and me or @pralims will answer you promptly.

    Anything that has to do with even supplying apps or anything for that matter that can help someone, anybody, somewhere do something easier or better will be greatly appreciated.

    To kick things off I have put the topics in spoilers to make the O/P organized and easier to browse for mobile users.


    Business Entity/Legal Structures


    Sole Proprietorship

    The simplest structure is the sole proprietorship, which usually involves just one individual who owns and operates the enterprise. If you intend to work alone, this structure may be the way to go. The tax aspects of a sole proprietorship are appealing because the expenses and your income from the business are included on your personal income tax return, Form 1040. Your profits and losses are recorded on a form called Schedule C, which is filed with your 1040. The "bottom-line amount" from Schedule C is then transferred to your personal tax return. This is especially attractive because business losses you suffer may offset the income you have earned from your other sources.

    As a sole proprietor, you must also file a Schedule SE with Form 1040. You use Schedule SE to calculate how much self-employment tax you owe. In addition to paying annual self-employment taxes, you must make estimated tax payments if you expect to owe at least $1,000 in federal taxes for the year after deducting your withholding and credits, and your withholding will be less than the smaller of:

    1) 90 percent of the tax to be shown on your current year tax return or

    2) 100 percent of your previous year's tax liability.

    The federal government permits you to pay estimated taxes in four equal amounts throughout the year on the 15th of April, June, September and January. With a sole proprietorship, your business earnings are taxed only once, unlike other business structures. Another big plus is that you will have complete control over your business--you make all the decisions. There are a few disadvantages to consider, however. Selecting the sole proprietorship business structure means you are personally responsible for your company's liabilities. As a result, you are placing your assets at risk, and they could be seized to satisfy a business debt or a legal claim filed against you.Raising money for a sole proprietorship can also be difficult. Banks and other financing sources may be reluctant to make business loans to sole proprietorships. In most cases, you will have to depend on your financing sources, such as savings,
    home equity or family loans.


    Partnership

    If your business will be owned and operated by several individuals, you'll want to take a look at structuring your business as a partnership. Partnerships come in two varieties: general partnerships and limited partnerships. In a general partnership, the partners manage the company and assume responsibility for the partnership's debts and other obligations. A limited partnership has both general and limited partners. The general partners own and operate the business and assume liability for the partnership, while the limited partners serve as investors only; they have no control over the company and are not subject to the same liabilities as the general partners.

    Unless you expect to have many passive investors, limited partnerships are generally not the best choice for a new business because of all the required filings and administrative complexities. If you have two or more partners who want to be actively involved, a general partnership would be much easier to form.

    One of the major advantages of a partnership is the tax treatment it enjoys. A partnership does not pay tax on its income but "passes through" any profits or losses to the individual partners. At tax time, the partnership must file a tax return (Form 1065) that reports its income and loss to the IRS. In addition, each partner reports his or her share of income and loss on Schedule K-1 of Form 1065.

    Personal liability is a major concern if you use a general partnership to structure your business. Like sole proprietors, general partners are personally liable for the partnership's obligations and debts. Each general partner can act on behalf of the partnership, take out loans and make decisions that will affect and be binding on all the partners (if the partnership agreement permits). Keep in mind that partnerships are also more expensive to establish than sole proprietorships because they require more legal and accounting services.


    The other portion is in the next post


    As for what state is best to incorporate in, it really depends on what type of business you're trying to build. Please PM me and I may be able to assist you.




    Motivation

    For motivation give these books a read:



    Rich Dad, Poor Dad by Robert Kiyosaki

    51M2U9IfmTL.jpg



    Think & Grow Rich by Napoleon Hill

    Think-and-Grow-Rich.jpg




    @pralims‌
    @traestar‌
    @black caesar
    @MarcusGarvey‌
    @kontakz‌
    @BigBallsNoWorries‌
    @YunnSanco‌
    @KingSimba‌


    Feel free to post if yall can contribute, anything is plenty.

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    http://www.businessinsider.com/deandre-harris-felony-unlawful-wounding-charlottesville-white-supremacists-2017-10?utm_content=buffer98420&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer-bi



    POLITICS


    A 20-year-old black man who was rushed and brutally assaulted by a group of white supremacists in Charlottesville two months ago is now himself facing a felony charge.

    Deandre Harris was participating in a counterprotest to the white nationalists' "Unite the Right" rally in August when a clash broke out in a parking garage near the University of Virginia campus.

    Video of the incident shows Harris on the ground being violently kicked and beaten with poles by several attackers.

    One person involved in the brawl, who has not been identified by authorities, has now accused Harris of injuring him during the exchange. The Charlottesville police department said in a press release on Monday it has issued an arrest warrant for Harris for unlawful wounding.

    The video and several images of Harris' beating went viral, triggering a social media crusade to identify the white supremacists responsible for the violence. Harris told media he had suffered injuries from the beating including lacerations to his head, a concussion, a broken wrist, and a chipped tooth.


    Two men - 18-year-old Daniel Borden of Ohio and 33-year-old Michael Ramos of Georgia - were identified, arrested, extradited to Virginia, and charged with malicious wounding in August. At a court hearing for Ramos last month, his attorney reportedly said it may have been Harris who "struck the first blow in that fracas."

    Harris' attorney S. Lee Merritt has described the charge against his client as "clearly retaliatory" and said Harris will soon turn himself into police.

    "We find it highly offensive and upsetting, but what's more jarring is that he's been charged with the same crime as the men who attacked him," Merritt told The Washington Post.

    He added that it was "highly unusual" for a warrant to come from the magistrate rather than the police department, and suggested that the alleged victim had previously made an unsuccessful attempt at accusing Harris.

    The Charlottesville Police Department, however, said in its press release that the warrant was issued by the police department, at the request of the magistrate.

    "The victim went to the Magistrate's office, presented the facts of what occurred and attempted to obtain the warrant. The magistrate requested that a detective respond and verify these facts," the release said. "A Charlottesville Police Department detective did respond, verified the facts and a warrant for Unlawful Wounding (va Code 18.2-51) was issued."

    After news broke of the arrest warrant against Harris on Monday, white nationalists openly celebrated on Twitter. One even suggested that a crowdsourced effort to produce evidence against Harris occurred:

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    O.J. Simpson’s parole hearing in Nevada this Thursday will be carried live onESPN as an expanded, 90-minute Outside the Lines Special, and pool cameras in the hearing room make it all but certain the proceedings will pop up at least in part on other news channels.

    In fact, the Nevada Board of Parole says about 30 news organizations have registered to cover the hearing at both the hearing location in Carson City and at the Lovelock Correctional Center in Lovelock, Nevada, where Simpson is incarcerated on the 2008 armed robbery and kidnapping convictions.

    Simpson will appear via videoconference from the prison, with four parole commissioners in Carson City.

    The hearing begins at 10 am PT (1 pm ET), and ESPN has set aside a 90-minute slot under its Outside the Lines banner. The network’s Jeremy Schaap will anchor.

    The public’s fascination with Simpson hasn’t ebbed since his era-defining arrest (and acquittal) for the 1994 murders of Nicole Brown and Ron Goldman. ESPN Films, of course, scored big time with its O.J.: Made in Americadocumentary, the 2016 five-part series directed by Ezra Edelman that won a Best Feature Documentary Oscar for its theatrical run. FX’s hit 2016 drama The People v. O. J. Simpson: American Crime Story won nine Emmy Awards.

    Simpson, 70, was sentenced in 2008 to nine-to-33 years in prison for his role in an armed Las Vegas confrontation with two sports memorabilia dealers. If paroled – which legal pundits say is possible, even likely – he could be released October 1.

    Simpson’s cohort in the crime, Clarence “C.J.” Stewart, served 27 months in prison before the Nevada Supreme Court ruled that he should have been tried separately from Simpson.

    The Nevada parole board has indicated that a decision on Simpson’s release will be made the day of the hearing, and that Simpson will be permitted to speak.

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    http://talkingpointsmemo.com/livewire/wsj-reports-mueller-impanels-grand-jury-russia-probe

    Reports: Mueller Impanels Grand Jury In Federal Russia Probe

    Robert Mueller, the special counsel overseeing the federal investigation into Russian interference in the 2016 election, recently impaneled a grand jury as part of the probe, several news outlets reported on Thursday.

    The Wall Street Journal reported, citing two unnamed sources familiar with the matter, that the Washington, D.C. grand jury “began its work in recent weeks” and is separate from the one assisting with the probe into President Donald Trump’s former National Security Adviser Michael Flynn. The impanelment of that jury predated Mueller’s appointment as special counsel.

    Reuters confirmed, citing two unnamed sources familiar with the matter, that Mueller convened a grand jury.

    The empanelment of a new, separate grand jury reflects the scope of Mueller’s investigation into Russian meddling in the election and whether any members of Trump’s campaign colluded with Russia.

    Reuters also reported that grand jury subpoenas were issued in connection with a meeting between Donald Trump Jr., the President’s eldest son, and a Russian lawyer.

    Trump Jr. attended the meeting after he was promised damaging information on Hillary Clinton as part of a Russian government effort to aid his father’s campaign. It was not clear whether those subpoenas were issued by the grand jury Mueller impaneled.

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    About a hour ago I was asked i if could help my cuzn move there house(stufff) into storage..my aunt(there mom) passed away years ago,,and there step dad just recently Got diagnosed with cancer,,,that's sad and all but there cousins never make events or even just check up/say hi...so i flat out said "yea im not helping" im kinda pissed bcuz last time i helped a family member all they did was bitch under there breathe n didnt even say thanks.

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  • 01/19/16--17:56: Acorn App?
  • For those that tried this out, how is it working out for yall?

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  • 10/13/17--20:46: Body bag thread

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    in light of the recent buncha niggas being accused of shit.....

    if you was in the mates shoes could you stand by them during the public bashing, ridicule and trial?

    and on the flip side...would you want your mate to?

    regardless of innocence or guilt...would you be there thru thick and thin?

    the reason i say innocence or guilt....is because people do fukk up. im not talking kids or pedo playing.

    im talking whether its cheating, harassment, embezzlement, or whatever else you can think of....

    now this person is the breadwinner and gave you the life you always dreamed of.

    what you doing an where you standing?

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    5bhubt7o84na.jpg
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    This spot called the Tuscan Market located north of Boston, the food was on point!
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    Yall share your recent culinary experiences here.

    You're welcome

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  • 10/07/17--08:42: Nelly arrested for RAPE
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    It now pops up as a little white box in the right had corner.

    Simply states "Try ad free youtube red"

    TRY IT FOR FREE | No thanks.

    Now, I imagine it would be very easy for some people to hit the try it for free on impulse/ accident and forget they ever did it.


    Here's the thing.

    For a lot of people Youtube already has their billing info through Google play.

    If they click that try it for free, Youtube will automatically sign them up for a Youtube Red sub after the free version is over, unless they changed it up to avoid criticism, but I'm not clicking it to find out.

    /rant /slightly informative post

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  • 10/14/17--09:56: Pick ONE...
  • What you rather have a woman sing to you or play an instrument?

    For some classy entertainment as opposed to ratchet ass-clappin and lap dances lmao

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    ?url=https%3A%2F%2Fvideo-images.vice.com%2Farticles%2F59dcf6840a24f8303d2e4765%2Flede%2F1507653546911-antarctica_tmo_2013053_lrg-1.jpeg%3Fcrop%3D1xw%3A0.7232142857142857xh%3Bcenter%2Ccenter%26resize%3D1200%3A*&w=600&h=338
    “We’re still trying to figure out what’s going on.”



    A hole as large as Lake Superior or the state of Maine has opened up in Antarctica, and scientists aren't sure why it's there.

    The gigantic, mysterious hole "is quite remarkable," atmospheric physicist Kent Moore, a professor at the University of Toronto's Mississauga campus, told me over the phone. "It looks like you just punched a hole in the ice."


    1507654409351-modis_so_1km_amsr_6250_2017_0925_1_300_preview.jpeg
    An image of the hole in the sea ice. Image: MODIS-Aqua via NASA Worldview; sea ice contours from AMSR2 ASI via University of Bremen


    Areas of open water surrounded by sea ice, such as this one, are known as polynias. They form in coastal regions of Antarctica, Moore told me. What's strange here, though, is that this polynia is "deep in the ice pack," he said, and must have formed through other processes that aren't understood.

    "This is hundreds of kilometres from the ice edge. If we didn't have a satellite, we wouldn't know it was there." (It measured 80,000 k㎡ at its peak.)

    A polynia was observed in the same location, in Antarctica's Weddell Sea, in the 1970s, according to Moore, who's been working with the Southern Ocean Carbon and Climate Observations and Modelling (SOCCOM) group, based at Princeton University, to analyze what's going on. Back then, scientists' observation tools weren't nearly as good, so that hole remained largely unstudied. Then it went away for four decades, until last year, when it reopened for a few weeks. Now it's back again.

    "This is now the second year in a row it's opened after 40 years of not being there," Moore said. (It opened around September 9.) "We're still trying to figure out what's going on."

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    I don't know whether it's specific to PA, Philly, etc., or it's so that employers can cover their asses because of the Sandusky scandal (apparently the rationale is to background-check employees who work with minors, even though I really don't work with minors), or if it's some conspiracy to get everybody in the "database," but all of a sudden, but I'm being told that I need to get fingerprinted asap.

    Never have been for a job before this job, which I've been working for a while. I'm eventually reluctantly going to do it, because there's no choice. But before I do, I'd like to hear some other thoughts.

    So what are your opinions about this kind of stuff? Has your job required you to do it? Have you complied? Do you buy the rationale for it?

    I know it's not like it's a blood sample or a chip, but t still rubs me the wrong way. But what can you do? *Kanye shrug*

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    BROOKLYN - A woman's body was found in a car after a fiery crash on the Gowanus Expressway in Brooklyn Friday morning, and authorities say the driver -- believed to be a man she was dating -- hailed a cab in the middle of the highway while she burned to death

    The car was found facing eastbound in the westbound lanes between Hamilton Avenue and Prospect Expressway just after 4 a.m.

    The driver, 23-year-old Saeed Ahmed, was later located at Maimonides Medical Center, where he was being treated for burns to his neck, arms and legs.

    Police confirm he hailed a cab on the Gowanus Expressway while leaving Grewel in the burning vehicle, and Eyewitness News obtained exclusive video of a man near the burning wreckage approaching a cab and asking "Can I get a ride?"

    Ahmed is now charged with manslaughter, criminally negligent homicide, leaving the scene of an accident, aggravated unlicensed operator and speeding.

    Grewal's family members tell Eyewitness News they are tremendously distraught and know very little about what has happened to their daughter.


    ABC7ny.com

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    A woman has been charged with killing her four-year-old son by setting fire to him in a bathtub in their apartment.

    The body of the boy was found by fire crews with his hands tied behind his back and a bin bag over his head.

    Amelia DiStasio from Milwaukee faces a charge of first-degree intentional homicide following her arrest by police.
    According to court documents, authorities were called to reports of smoke coming from her apartment.

    There the emergency services found her son Antonio’s burned and lifeless body in the bath.

    His hands had been bound behind his back with several belts and a plastic bin bag over his head.

    An open bottle of cooking oil was also in the bathroom.
    As reported by WTMJ-TV Milwaukee, the night before the fire a neighbour heard the child say, 'Please mommy, stop! I won't do it again!' She also heard DiStasio yell, “Shut up!”

    At the time of the fire, a witness told police she saw the suspect climb out the window and run away.

    Police later found her walking down the street.

    Investigators also reportedly found searches on DiStasio's phone for “ways to kill cannibals”.

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