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8 posts tagged with accounting and legal. (View popular tags)
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Unlocking Contracted Recurring Revenues to use for Debt Collateral

Every month my company sells roughly $15,000 worth of monthly recurring revenue contracts with five year term lengths. The service sells for $1,000 per month so every month we sign on 15 new customers. $15,000 * 12months * 5 years = $900,000 (total contract revenue for all 15 contracts sold during the month) We've maxed out our borrowing on physical assets held by the company and I need to find a way to unlock these revenue streams to use as collateral for further growth. What's the best way to do this? I would prefer to not have to go to every customer and amend their contracts in any way. Thanks!
posted by Paalen on Jan 24, 2014 - 16 answers

Legal/accounting advice for filmmakers

I'll be shooting a feature film in L.A. later this year, and I need some advice about how to handle the business side. I'm hoping that somewhere there's some sort of low-budget service that provides help to people who are new to the process. [more inside]
posted by drjimmy11 on Mar 21, 2013 - 4 answers

What kind of records do most sole proprietors, freelancers and consultants keep?

What sort of state of organization are the financial records of most sole proprietorships in? [more inside]
posted by anonymous on Feb 17, 2009 - 5 answers

PayPal me my taxes.

I am running a free Web-based service for friends and acquaintances. Lately, the volume on this service has been growing greatly. The next step is to move the service to a professional host. I am thinking of putting a paypal donation button on the site to help pay for it. Are there any legal or tax issues I need to worry about? Do I need a business license? What if I want to start selling Cafe Press items or running Google ads? I am located in the USA.
posted by Orkboi on Jan 16, 2005 - 5 answers

LLCs

I'm looking at nolo press' site for info on LLCs, and the simple ~$300 method of creating one online at corporation.com, but I seem to recall reading somewhere that LLCs incorporated in Delaware and Nevada are the only ones that are tax-free when money goes into them -- that money going into another state's LLC does get taxed, and when money goes into your personal bank account it gets taxed in both cases. So aside from Delaware and Nevada, money going into an LLC would be taxed twice. Is that correct? Are there any drawbacks to making a Delaware or Nevada LLC as opposed to your home state?
posted by mathowie on Oct 26, 2004 - 14 answers

Starting a very small business.

I am thinking of starting a very small business, but I have a few questions for those of you who have done so before I really make up my mind wheter to go forward or not. [More Inside] [more inside]
posted by shotsy on Jul 29, 2004 - 10 answers

Where do SEC fines go?

So Lucent got fined yesterday, to the tune of mamny millions of dollars, byt the SEC for the criminal euphemism of Account Irregularities.
Like other high profile SEC investigations, why do they always mention the fine, but never discuss where the funds go?
Are they used to offset the defrauded investor's losses? Or does the gov't turn the investor's loss into it's gain by keeping the fine for its own purposes?
posted by Fupped Duck on May 18, 2004 - 3 answers

Medical Reimbursement Plan - what does the IRS require?

I've recently started a company, structured as a 'C' Corp, to sell my consulting/contracting services. One of the reasons I'm working as a 'C' corporation is so I can have the company pay all medical expenses. I've read from the web and various IRS publications that as long as the Medical Reimbursement Plan is offered to all employees equally (no problem there) then it can be paid for by the company and written off on the corp taxes. But in order to make the MRP legit what, other then limiting medical expenses to those listed as acceptable by the IRS, do I need to do? Special records? Outside plan administrator?
posted by dirtylittlemonkey on Apr 6, 2004 - 3 answers

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