The profit made all the challenges worth it and reaffirmed my passion for flipping houses.

I haven’t made any profit yet and I’m wondering if I should still file taxes for my “business “. 

We want to detail the responsibilities, capital contributions, profit and lost sharing percentages, decision-making process, have dispute resolution methods, and exist strategies.

It’s online only but purpose built for business owners and they have automation for those applying the Profit First cash management system.

I have partnerships where I take a management fee off of topline and split profits from bottom line.

@Vidit Maini Starting your business as an LLC taxed as a C corporation offers flexibility but involves double taxation unless you elect S corp status, allowing profits to pass through to your personal return.For tax savings, deduct startup costs, track business mileage or vehicle expenses, and consider a home office deduction.

Should we do a margin loan against our investments?

Those things won't matter if your business crushes it. i feel like it would matter when those things add up and start tearing at ur profit If banking fees cut into your profit, your profit isn't big enough.

Now the deposit covers up front costs , some materials , overhead and PROFIT .

While it is possible and can be profitable to invest in small properties out of state, I don't think it's worth your time and effort.