All Forum Posts by: Account Closed

I will be there!

Thanks,

Shola

It is best that you consult with a tax accountant regarding this question, but my understanding is that you cannot depreciate land anyway, since land is assumed to have an unlimited useful life. You'd only be able to depreciate the improvements. 

Thanks for the feedback, Steven!

Hello guys,

Who do you guys use for your accounting needs? Have anyone used 1800accountants?

Thanks

His name is Chi

My partner and I are trying to decide on a business name. So far we have came up with the following which utilizes both our names/initials:

1. SoChi Holdings

2. S&C Holdings

We like name #1. My only concern is from a branding/marketing perspective that this will have a negative impact/backlash given the current US relations with Russia, as some may associate it with Sochi, Russia. Is this a big enough issue to not move forward with name #1 from a branding perspective?

Awesome, thanks Michael...that's one less question to ask on our coaching call today!

Hi BP members, 

For those doing deals in the northeast, what are your thoughts on doing direct mail marketing during the winter months and ahead of the holiday season? I am looking to launch a marketing campaign but I am concern that the response rate might be low during this time of year.

Thanks in advance.

Thanks for your thoughtful comment Bob! 

Firms here typically consent to giving equity for two main reasons: you've worked at the company for a long time and they consider you to be valuable or you brought in a deal. I've been at my current company for less than a year so if I were to ask for an equity position, I'll have to bring in a deal to have some leverage to renegotiate.

I could certainly take that route, but at the end of the day, I'll still be working for someone else and will have to report to an office everyday. For me, my number motivation to branching out is not solely for the money, it's mainly to attain freedom. I want to be my own boss, have control over my time, and work from anywhere I want.

I agree, NYC is tough market for new investors and the people that are really making things happen are the old timers. But I think one can still be successful as a newbie with enough hard work and persistent. The way I look at it, if I try and don't succeed, I can always go back to working for a firm if I choose to.

Thanks Brandon! Will check those links out.