The thing that makes Money is Sales and you can Sell pencils to cars to houses to heavy equipment and Stocks and Futures etc.

Your are hopelessly ill-equipped to survive a legal challenge if you really believe your own nonsense!"

Please adviseThanks Its not bad to have surge protectors on equipment, really depends on where you are and how the electric grid is. if you lose power a lot then surge protection is highly recommended. electronic filters, again nice to have but honestly do not feel needed. just my opinion

Sales are where the Money is at and you can Buy and Sell Boats, Planes, Houses, Jewellery, Heavy Equipment etc.at Auction.

Also look at the condition of things that will need to be replace and what life expectancy is left on the equipment.  

I just wanted to be equipped with some insight going into that meeting so I have an idea of how we want this to move forward.Just to clarify - with you said (which makes a ton of sense),, we would need a parent LLC in each Missouri, and Oklahoma since we will be doing business in both states.

If I spend money on courses or books or equipment (i.e. laptop), am I able to deduct those expenses from my taxes if I do NOT have an LLC?

I feel fully equipped to do this real estate stuff, but working without capital has been a bit challenging because of the limitations, it presents.Loans, LOC's sounds good as a resolve, but with a new start-up, I have yet to find the right fit for a small business.

What's gonna happen if it's like the last one where you're employer needs a business loan to keep his doors open for equipment and can't get funding?

Here is a list: Asset Accounts:Asset Accounts:Property 1 BuildingProperty 1 LandProperty 2 BuildingProperty 2 LandBusiness Checking AccountSecurity Deposit Escrow AcctReserve Acct for CAPEXDeferred Maintenance AcctAccumulated Depreciation - Property 1Accumulated Depreciation - Property 2Equipment & MachineryMaintenance ToolsAppliances, Extra partsOffice Equipment & FurnishingsComputers, Printers, ElectronicsFurnitureMisc Office Supplies/InventoryOther AssetsLiability Accounts:Property 1 MortgageProperty 2 MortgagePrivate LenderSecurity Deposit Escrow AcctShort Term LoansBusiness Credit Card 1Business Credit Card 2Equity Accounts:Owner Contributions/DrawsRetained EarningsIncome Accounts:Rental IncomePet FeesStorage FeesInterest IncomeSecurity Deposit ForfeituresOther IncomeExpense Accounts:AdvertisingAutomobile/TravelRepairs/MaintenanceCommissionsProperty Tax/Insurance Escrow ExpenseMisc FeesMortgage Interest PaidOther Interest PaidWater & Sewer UtilityTaxes Other than property taxElectric UtilityGas UtilityTelephoneWagesTravel/EntertainmentDepreciation Expense - Property 1Depreciation Expense - Property 2Other ExpensesFood/RestaurantsSupplies ExpenseDe Minimus Items for RentalsTrash Utility ExpenseStorage ExpenseProperty Acquisition Costsbtw, I have never used nor do I want to use Quickbooks.... :-) Please don't recommend I go to an accountant, I have a tax advisor and thats all I need.