michigan small business sale
Drop shipping is a supply chain management technique in which the retailer does not keep goods in stock, but instead transfers customer orders and shipment details to wholesalers, who then ship the goods directly to the customer. The retailers make their profit on the difference between the wholesale and retail price.....
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Number of michigan small business sale Topics: 5
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100% Q: Anyone have any info on legally starting a business in Michigan?
I want to start a small vintage shop but am a little in the dark on the legal aspects of business taxes, sales tax, hiring employees, etc. I want to make sure I do all the paperwork, so to speak. I know how to register my business as a sole proprietorship, but thats about it. Any info/resources would be appreciated.
A:Learn the process of requirements for starting a business in Michigan http://homebizseo.com/50states/Michigan.html Official state government links on how to start a business in each
state
Business registration, permits and licenses
Tax rules and regulations for businesses, including sales and use
tax
SCORE and the Small Business Development Centers
Chamber of Commerce
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100% Q: Help! It's tax time and I am need advice about my small business.?
Early in 07, I planned to form an LLC in Michigan,as a sole proprietor. I registered a DBA, and got a federal tax id, but that is all. Is it a business at this point, or do I need to submit articles of incorporation, to make it official? I formed it because I wanted to start a business renovating distressed homes as well as doing home staging and home improvements for others. I pulled out my 401k and purchased a vacant home at an auction and renovated it to kick off this business. If I put the money from the sale into a business checking, but then pull out money as needed for living expenses not related to the business, will I have to pay taxes on what I pull out of it, as it may be viewed as paying myself income? During this time, as far as my "real" job goes, I have lost income this year and my credit has gone from great to horrible and I fear that my creditors will sue. Would funds in a business acct be protected so I can continue?
to clarify...the funds put into the business aren't taxable, but if, for example, $300 per month were pulled out and not used for marketing/epenses, but instead, as living expenses, would they be treated as taxable income? If not, please explain why. Is if because it's a sole proprietorship, so it all washes out in the end?
The money from the sale was not profit, but what is left of my 401k that I pulled out to buy it with.
A:You, my friend are in a mess....
Moneys pulled out of a 401k are taxable...Money pulled out of a "sole proprietorship" are AUTOMATICALLY considered your income and subject to income tax.
You cannot hide behind the corporate veil when it comes to debts any more. The laws have changed and you are going to have to deal with it.....
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100% Q: I'd like to start a home-based service business. Where do I start?
I'd like to start a home-based service business. I would like to do event planning. Where do I start? I'm not even sure if this business will work in my "somewhat" small area. I don't want to put a lot of money into start up and fall flat on my face. Do I need to see a lawyer? How to keep track for income tax purposes? Sales tax in Michigan??
A:Entrepreneur.com offers lots of good research for starting this type of business
http://www.entrepreneur.com/searchresults.html?q=start+event+planning+business&client=pub-1914278930181225&cof=GALT%3A%23009900%3BGL%3A1%3BDIV%3A%23C0C0C0%3BVLC%3A003399%3BAH%3Acenter%3BBGC%3AFFFFFF%3BLBGC%3A336699%3BALC%3A003399%3BLC%3A003399%3BT%3A000000%3BGFNT%3A666666%3BGIMP%3A003399%3BFORID%3A9&sitesearch=www.entrepreneur.com
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100% Q: Local townships and their funding for Michigan?
Why is it that townships in the state of Michigan don't not pay sales taxes or even a percent of sales taxes but charge sales tax? Michigan as a state funds them why souldn't they have to pay some back? What makes them any better than us small business?
A:This is something which I think should be changing in the future. Governments need taxes to operate but Big government often wastes much of the money collected and has little to return to the people who live in neighbourhoods and who have to pay really for everything. How much of your tax dollars does the Federal government waste while your local government either does without or raises property taxes every year to fund for sewers and roads, schools and sidewalks? While the Feds pay for bombs, bullets and bull shit you have to make do with sewer backups and bumpy roads. Some things need to change and how we collect taxes is one thing I think really needs an honest politician to implement but how many of those do you ever see?
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100% Q: Ann Arbor bans tobacco?
I was buying a "Greatful Dead" t-shirt for my daughter's birthday (her favorite band) from a locally owned business store in Ann Arbor, Michigan. There was a bumber sticker on sale that said "Legalize it". What are they referring to? Have they made cigarette smoking illegal in that city? (I remember the owner nervously put out his cigarette when I entered in my business suit) Where should I go to fight back against those pinko-commies in the government who are banning tobacco? How can I help out this nice enterprising small business owner?
A:a liberal plan to regulate even the smallest item of every day life...get used to it..they wont go away
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... search for home based or absentee owner retail or manufacturing business opportunites for sale in Michigan. ... many small businesses for sale in Michigan. ...
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... to small or startup businesses, plus Michigan small business resources and ... (d) Sales and Use Tax (e) Real and Personal Property Taxes (f) Other Business Taxes ...
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