Haha
OK slightly facetious but not totally
There are undoubtedly benefits to starting a business
-writing off expenses!
-asset protection
-possibly tax deferral
-possibly getting residency permit out of it
-avoiding inheritance taxes
This has to be balanced with the costs of starting and maintaining it plus the inconvenience of any filing requirements.
How do you start a business for someone who has no specific biz ideas and no biz experience but wants the above benefits?
OK slightly facetious but not totally
There are undoubtedly benefits to starting a business
-writing off expenses!
-asset protection
-possibly tax deferral
-possibly getting residency permit out of it
-avoiding inheritance taxes
This has to be balanced with the costs of starting and maintaining it plus the inconvenience of any filing requirements.
How do you start a business for someone who has no specific biz ideas and no biz experience but wants the above benefits?