Some research definitely
I am somewhat in the same situation as Crazy_D here. Good questions indeed.
Weis told me about putting your expensive assets in a Pure Trust, two of them - one for your house and a second for your car, and maybe even a third for your business if you have assets in there you would like to protect as well. That might help you out here too Crazy.
Unlike you I went and did all the things one would think one has to do when starting up a storefront business like I have. I got an EIN, which I know now I don't need as I will never have any employees, only people on 1099 subcontractor basis and even now I wondering about the paper trail with that. More research. A vendor's number which I do believe I legally need to operate from my town's store front location. I went from a personal business to a LLC to protect what assets I do have and now am also having second thoughts about that decision. I also have been thinking is there any way I can get paid cash rather than check or credit card and to stop using bank accounts as most people today like paying by check or cc when it comes to sizeable sums. Hmm I wonder if I can have the cc company pay directly into the Pure Trust?
So much reading and people saying A and others saying no go with B. Like you Crazy D we are just a small mom and pop business and like you I don't want to lose our home, vehicles, etc. especially to this corruption we have today.
On this website I have read on the book "AreYouLostAtC.pdf". I'm sure I have seen other moderators tell people to get this and if you ever have to go to court you need to make sure you are in Admiralty court and not civil and criminal. Any comment anyone?
Has anyone been successful in not getting audited, summoned and after the IRS starts investigating you they eventually leave you alone? I'm sure there are thousands of people using Irwin Schiff's file zero income with attached correspondence and not getting hassled at all? Weis was cool in telling me not to get any of those Anti-tax books.
Scott6454
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