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Ideas for a business for people with no specific business ideas

WorldCitizen99

Mentor Group Gold Premium
Feb 12, 2022
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Mexico
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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?
 
interesting idea - never thought of that - I always try to reinvent the wheel and I never end up with a wheel

If you have no business idea it is going to be very hard to achieve the rest!
I mean I know people can set up a company that is primarily an investment portfolio and if it includes any real estate they can say that managing the property and renting it out is the purpose of the company or just calling it an investment company...I don't really know what you need to show to a bank in terms of a business plan for you to get a bank account, for example..
 
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