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SD Realtor
ParticipantI am NOT an accountant.
The safest bet would be to create two entities, one for the tech biz and one for the baseball biz. If you wanna go cheapo make them propreitorships or if you wanna go more expensive then make them s-corps. Not really any need for corps here unless you feel liability protection is needed. If you are gonna have kids in the cage then you may want to consider the liability ramifications. I am the first one to hate when people call for liability protection for every damn thing but your accountant would most likely bring that up as well. The s-corp costs 800 smackers a year.
Also I had considered the home office expense as well because I do ALOT of work from home and my wife and I have 2 corps and one propreitorship. However we did not do it because we didn’t want to raise any red flags with the man. We already are pretty liberal with our business expense writeoffs and are content to take advantage of them without piling on the old home office as well.
If you are gonna undertake the tech instruction definitely open a business for that. You can expense alot of stuff. Again I am not an acct and you should talk to one.
Home batting cage is awesome. I cannot even begin to imagine how cool that would be. I have a 4 and 5 year old and am prepping them for that as well but it appears they like hockey more then baseball at this point.
SD Realtor
ParticipantI am NOT an accountant.
The safest bet would be to create two entities, one for the tech biz and one for the baseball biz. If you wanna go cheapo make them propreitorships or if you wanna go more expensive then make them s-corps. Not really any need for corps here unless you feel liability protection is needed. If you are gonna have kids in the cage then you may want to consider the liability ramifications. I am the first one to hate when people call for liability protection for every damn thing but your accountant would most likely bring that up as well. The s-corp costs 800 smackers a year.
Also I had considered the home office expense as well because I do ALOT of work from home and my wife and I have 2 corps and one propreitorship. However we did not do it because we didn’t want to raise any red flags with the man. We already are pretty liberal with our business expense writeoffs and are content to take advantage of them without piling on the old home office as well.
If you are gonna undertake the tech instruction definitely open a business for that. You can expense alot of stuff. Again I am not an acct and you should talk to one.
Home batting cage is awesome. I cannot even begin to imagine how cool that would be. I have a 4 and 5 year old and am prepping them for that as well but it appears they like hockey more then baseball at this point.
SD Realtor
ParticipantI am NOT an accountant.
The safest bet would be to create two entities, one for the tech biz and one for the baseball biz. If you wanna go cheapo make them propreitorships or if you wanna go more expensive then make them s-corps. Not really any need for corps here unless you feel liability protection is needed. If you are gonna have kids in the cage then you may want to consider the liability ramifications. I am the first one to hate when people call for liability protection for every damn thing but your accountant would most likely bring that up as well. The s-corp costs 800 smackers a year.
Also I had considered the home office expense as well because I do ALOT of work from home and my wife and I have 2 corps and one propreitorship. However we did not do it because we didn’t want to raise any red flags with the man. We already are pretty liberal with our business expense writeoffs and are content to take advantage of them without piling on the old home office as well.
If you are gonna undertake the tech instruction definitely open a business for that. You can expense alot of stuff. Again I am not an acct and you should talk to one.
Home batting cage is awesome. I cannot even begin to imagine how cool that would be. I have a 4 and 5 year old and am prepping them for that as well but it appears they like hockey more then baseball at this point.
January 2, 2011 at 8:40 AM in reply to: This news is good for those who haven’t bought, yet. #647066SD Realtor
ParticipantOne last thing Scarlett… I know there are alot of well intentioned posts about living here and living there. I would strongly advise you to get to know the neighborhood first. While places in San Carlos may seem like a screaming deal I know first hand that those neighborhoods vary. San Carlos neighborhoods are NOT the same as Scripps and those are NOT the same as UC. The variance in price is there for good reasons.
January 2, 2011 at 8:40 AM in reply to: This news is good for those who haven’t bought, yet. #647139SD Realtor
ParticipantOne last thing Scarlett… I know there are alot of well intentioned posts about living here and living there. I would strongly advise you to get to know the neighborhood first. While places in San Carlos may seem like a screaming deal I know first hand that those neighborhoods vary. San Carlos neighborhoods are NOT the same as Scripps and those are NOT the same as UC. The variance in price is there for good reasons.
January 2, 2011 at 8:40 AM in reply to: This news is good for those who haven’t bought, yet. #647724SD Realtor
ParticipantOne last thing Scarlett… I know there are alot of well intentioned posts about living here and living there. I would strongly advise you to get to know the neighborhood first. While places in San Carlos may seem like a screaming deal I know first hand that those neighborhoods vary. San Carlos neighborhoods are NOT the same as Scripps and those are NOT the same as UC. The variance in price is there for good reasons.
January 2, 2011 at 8:40 AM in reply to: This news is good for those who haven’t bought, yet. #647861SD Realtor
ParticipantOne last thing Scarlett… I know there are alot of well intentioned posts about living here and living there. I would strongly advise you to get to know the neighborhood first. While places in San Carlos may seem like a screaming deal I know first hand that those neighborhoods vary. San Carlos neighborhoods are NOT the same as Scripps and those are NOT the same as UC. The variance in price is there for good reasons.
January 2, 2011 at 8:40 AM in reply to: This news is good for those who haven’t bought, yet. #648185SD Realtor
ParticipantOne last thing Scarlett… I know there are alot of well intentioned posts about living here and living there. I would strongly advise you to get to know the neighborhood first. While places in San Carlos may seem like a screaming deal I know first hand that those neighborhoods vary. San Carlos neighborhoods are NOT the same as Scripps and those are NOT the same as UC. The variance in price is there for good reasons.
January 1, 2011 at 1:10 PM in reply to: This news is good for those who haven’t bought, yet. #646966SD Realtor
ParticipantGuess all those green shoots that the govt told us about all of last year turned out to be weeds…
January 1, 2011 at 1:10 PM in reply to: This news is good for those who haven’t bought, yet. #647039SD Realtor
ParticipantGuess all those green shoots that the govt told us about all of last year turned out to be weeds…
January 1, 2011 at 1:10 PM in reply to: This news is good for those who haven’t bought, yet. #647624SD Realtor
ParticipantGuess all those green shoots that the govt told us about all of last year turned out to be weeds…
January 1, 2011 at 1:10 PM in reply to: This news is good for those who haven’t bought, yet. #647761SD Realtor
ParticipantGuess all those green shoots that the govt told us about all of last year turned out to be weeds…
January 1, 2011 at 1:10 PM in reply to: This news is good for those who haven’t bought, yet. #648085SD Realtor
ParticipantGuess all those green shoots that the govt told us about all of last year turned out to be weeds…
January 1, 2011 at 10:41 AM in reply to: This news is good for those who haven’t bought, yet. #646926SD Realtor
ParticipantGood plan Scarlett. Inventory will grow and you will have some good opportunities. Note those good opportunities may not be with regards to price, but with regards to quality inventory. If it is simply a question of price, your next opportunity will be to cherry pick listings that came on the market this spring but did not sell, so that will be midsummer 2011.
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