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SVTPerformance's Chain of Restaurants
Road Side Pub
I just can’t convince myself to buy a house.
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<blockquote data-quote="coposrv" data-source="post: 16202351" data-attributes="member: 63412"><p>Sorry I should clarify. My wife before taxes brings home 6-7 or so a month. I add another 8-10ish per month after putting money away for quarterly taxes. I pay quarterly because I’m a sole proprietor electrician. </p><p></p><p>But yes. 800 there’s just no ****ing way. The 400 number Though I’m comfortable with. The issue is 400 buys me a piece of shit. </p><p></p><p>Most of my work is new construction residential spec homes and decent size additions. I take on large fire alarm projects as a sub for larger firms doing new construction, then a day or two a week doing filler type service work. </p><p></p><p>I leave money in my business accounts for operating income and taxes. I want to grow and form an llc or corporation and become a just a w2 employee with disbursements. It’s a transition we’re considering sooner vs later. I meet my book keeper twice a month and accountant once a month and I’m being advised to start looking at this. </p><p></p><p>As a one man operation that brings in extra labor by the project when I need it. I just get nervous buying another van and hiring 2-3 full time guys and not having enough work but with out the labor I limit myself in the projects I can take on. </p><p></p><p>I guess the perceived problem is a housing market at its peak and my desire to grow a business over buying things. </p><p></p><p></p><p>Sent from my iPhone using the <a href="http://r.tapatalk.com/byo?rid=92568" target="_blank">svtperformance.com mobile app</a></p></blockquote><p></p>
[QUOTE="coposrv, post: 16202351, member: 63412"] Sorry I should clarify. My wife before taxes brings home 6-7 or so a month. I add another 8-10ish per month after putting money away for quarterly taxes. I pay quarterly because I’m a sole proprietor electrician. But yes. 800 there’s just no ****ing way. The 400 number Though I’m comfortable with. The issue is 400 buys me a piece of shit. Most of my work is new construction residential spec homes and decent size additions. I take on large fire alarm projects as a sub for larger firms doing new construction, then a day or two a week doing filler type service work. I leave money in my business accounts for operating income and taxes. I want to grow and form an llc or corporation and become a just a w2 employee with disbursements. It’s a transition we’re considering sooner vs later. I meet my book keeper twice a month and accountant once a month and I’m being advised to start looking at this. As a one man operation that brings in extra labor by the project when I need it. I just get nervous buying another van and hiring 2-3 full time guys and not having enough work but with out the labor I limit myself in the projects I can take on. I guess the perceived problem is a housing market at its peak and my desire to grow a business over buying things. Sent from my iPhone using the [url=http://r.tapatalk.com/byo?rid=92568]svtperformance.com mobile app[/url] [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
I just can’t convince myself to buy a house.
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