The Motley Fool

JULY 22, 2024

Take care of your small business taxes As soon as you start earning your first side hustle money, you need to start thinking about small business taxes. Here are three tax moves you should make as a side hustler. Get a high-yield savings account to keep your extra tax money in.

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The Motley Fool

MAY 5, 2024

Image source: The Motley Fool/Upsplash The end of tax season is a good time to reflect on the value of professional tax help, especially for small business owners. I don't know why any small business owner would want to go through the hassle and stress of doing your own taxes.

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The Motley Fool

JULY 6, 2024

Map out your finances and set goals to help you stay on track. Step 2: Establish your legal framework (Cost: $0 - $20) Think about what type of business structure will work best for you. Unlike a sole proprietorship, an LLC draws a legal line between you and your business. The cost here is your time.

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Private Equity Wire

DECEMBER 19, 2024

Riverside was advised by A&O Shearman (Legal M&A) and KPMG (Commercial, Operational, Financial, Tax, Legal, and Labour DD).

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Private Equity Insights

AUGUST 16, 2023

Bain arranged debt financing for the deal from Deutsche Bank, which is also serving as financial advisor to the firm. Kirkland & Ellis served as legal counsel to Bain. Morgan Stanley & Co LLC is serving as financial adviser to Fogo de Chão and Rhône, while Sullivan & Cromwell served as legal counsel.

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The Motley Fool

AUGUST 20, 2023

Since a home purchase can be costly, many people finance their purchase with a mortgage. Don't forget about other homeownership costs While you'll no longer owe money toward the loan's principal or be responsible for interest, you'll need to keep paying your property taxes. You want to protect your investment.

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The Motley Fool

MAY 8, 2024

Form an LLC or other legal business entity There's no one right answer to the question of when you should form an LLC for a side hustle. But if you're starting to make serious money from your side hustle, forming a limited liability company (LLC) or other legal business entity could be a good move.

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The Motley Fool

MARCH 31, 2024

This article is intended for educational purposes only and is not legal advice. But is this legal instrument truly the optimal method for passing on your inheritance to your loved ones and your cherished causes? Common tasks can include financing the trust, revising beneficiary designations, and guaranteeing legal conformity.

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The Motley Fool

DECEMBER 17, 2023

Hack #1: Create a budget Personal finance can seem complex, but it ultimately boils down to the simple math of what you make minus what you spend. With a Roth IRA, you contribute taxed income (take-home pay) but can withdraw it, and your investment gains tax-free when you retire.

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The Motley Fool

DECEMBER 10, 2023

Supreme Court ended the federal ban on sports gambling , allowing states to decide for themselves whether to make sports gambling legal for their residents. Over 20 states have legalized online sports betting with tens of billions of dollars spent yearly by gamblers betting on football, basketball, and more through these online portals.

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The Motley Fool

AUGUST 5, 2024

The cannabis industry continues to contend with mixed legislation and legalization at the state level while a total federal ban on marijuana remains in place. Shares are up about 60% over the last year, a rare streak of strong performance against the backdrop of an industry that is still dealing with headwinds from the mixed legal landscape.

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The Motley Fool

APRIL 16, 2024

Keeping your side hustle money separate from your usual personal finances can help make it easier to track your income and any tax-deductible business expenses.

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The Motley Fool

MAY 3, 2024

But it could be the most important move you ever make for your business and personal finances. When you are officially ready to launch your small business, it's important to make it "official" by forming a legal entity for your business. But having a legal entity for your business can still provide peace of mind. You did it!

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The Motley Fool

OCTOBER 6, 2023

Let's consider a few lies people believe about big lottery wins and how they might impact your personal finances. This gives you a solid chunk of money all at once (less taxes, of course). An accountant can help you work through your tax obligations , and an attorney can handle estate planning.

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The Motley Fool

FEBRUARY 11, 2024

A health savings account (HSA) is a great way to pay for healthcare costs and save for future healthcare costs with tax-deductible dollars. A Special Enrollment Period can give you peace of mind and protect your personal finances. You might qualify for premium tax credits, depending on your income.

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The Motley Fool

JUNE 23, 2024

Forming a legal entity for your business (like an LLC) is essential if you want to make your business more legitimate in the eyes of the law and the banking system. Forming an LLC can help you get a business bank account , and potentially save yourself money on taxes. The exact cost of forming an LLC varies by state.

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The Motley Fool

MARCH 2, 2024

It focuses primarily on providing financing alternatives to the upper end of the middle market. Innovative Industrial Properties Innovative Industrial Properties (NYSE: IIPR) is the first -- and only -- real estate investment trust (REIT) trading on the New York Stock Exchange that focuses on the legal cannabis market.

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The Motley Fool

OCTOBER 25, 2024

Their fiduciary status means they've committed to legal and ethical standards to work in your best interests, rather than their own. A financial planner can help you decide how much to spend each year in retirement and help you make adjustments based on your taxes, investment income, Social Security payments, and inflation.

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The Motley Fool

MAY 8, 2024

Image source: The Motley Fool/Upsplash Most small business owners who own an LLC or other legal business entity have to do a new federal filing requirement in 2024 called BOI (Beneficial Ownership Information). The report doesn't ask for an extensive amount of information, and completing it is easier than filing your taxes !

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The Motley Fool

JULY 16, 2023

Despite higher prices, if you need a way to get around, you may not have many options besides financing a car , especially if you don't have the cash saved to buy one outright. You'll need to pay for auto insurance , which is a legal requirement in just about every state -- and highly recommended, even if it isn't required where you live.

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Private Equity Insights

JANUARY 12, 2024

Perwyn were advised by Gowling WLG (legal), Spayne Lindsay (corporate finance), EY (financial & tax), OC&C (commercial) and Deloitte (structuring). Crosta & Mollica were advised by Piper Sandler (corporate finance), Joelson (legal) and Eight Advisory (financial & tax).

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The Motley Fool

MAY 8, 2024

Forming an LLC or other legal business entity If you want to make your business "official" in the eyes of the law, you need to form a limited liability company (LLC), S Corporation, or other legal business entity. It lets you get an Employer ID Number (tax identification number, like a Social Security number for your business).

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The Motley Fool

JANUARY 15, 2024

Selecting investments that outperform can be a complicated process, but it doesn't have to be as difficult as many folks in the finance industry make it seem. Altria's legal team began flexing its muscles last October, with 34 suits against distributors and retailers of illicit e-vapor products in California. year over year.

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A VC: Musings of a VC in NYC

AUGUST 24, 2020

While this is always hard and has a real toll on people who might lose their jobs or have to pay more in taxes, it is also an opportunity to do things that have been hard to do until now. Here are some ideas on the revenue side: 1/ Legalize the cannabis industry and tax it. 2/ Legalize the online betting industry and tax it.

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The Motley Fool

MARCH 19, 2025

I will now hand the conference over to your speaker host, Jim Bombassei, senior vice president of investor relations and corporate finance. Legal is one of the departments benefiting from it. [Operator instructions] Please note that today's conference is being recorded. Please go ahead. dollar-denominated sports rights.

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Walkner Condon Financial Advisors

APRIL 26, 2024

Whether you are engaged or have recently married, developing a plan to combine finances with your partner can significantly reduce finance-related stress down the road by promoting transparency and simplicity in your relationship. Discussing finances isn’t the most exciting topic in the world for most people, (except for me!)

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Private Equity Insights

AUGUST 14, 2023

” Advisors for the vendors were Piper Sandler (Corporate Finance); Ashurst (Legal); and Deloitte (Financial and Tax Due Diligence). Management was advised by Burness Paull (Legal). Endless were advised by Walker Morris (Legal); KPMG (Tax); Lodestone (Political); Jacksonbreen (IT); and PwC (Debt).

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The Motley Fool

SEPTEMBER 3, 2024

I started meeting with a financial planner at a very precarious and far-from-rich point in my life, and I credit this move with helping me to turn my finances around entirely. Here's how meeting with a financial advisor can have a positive impact on your budget and overall finances -- even if you're not wealthy.

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The Motley Fool

FEBRUARY 5, 2025

It makes use of net leases , which require tenants to pay for most property-level operating costs and taxes. Because of the murky legal status of marijuana, with conflicts between state and federal regulations, many banks refuse to offer services to marijuana companies. That said, the company expects the legal U.S.

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The Motley Fool

JUNE 30, 2024

Like many others, they have found that with smart planning -- like taking advantage of loyalty points and seasonal sales -- living aboard a ship can be less of a burden on your personal finances than traditional retirement options. Legalities and logistics Retiring on a cruise ship also involves complex logistical and legal considerations.

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The Motley Fool

MAY 22, 2024

That said, freelancers aren't legally required to open a separate checking account designated for business expenses. This can help you visualize how much your business is spending and give you one central place to tally expenses for tax purposes. Truthfully, I don't keep quarterly tax money in my business checking account.

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The Motley Fool

JANUARY 9, 2024

Supreme Court declared the Professional and Amateur Sports Protection Act (PASPA) unconstitutional, paving the way for states to have the power to choose whether they wanted to legalize and regulate sports betting. had legalized some form of sports betting and were up and running. Legalization efforts seem to be gaining momentum.

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The Motley Fool

AUGUST 31, 2024

Tax implications. Understanding your tax obligations, both in the U.S. taxes will you still need to pay? What about in-country taxes? Legal and logistical considerations Finally, the logistics of living in another country cannot be overlooked. Does the country have adequate medical facilities?

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The Motley Fool

SEPTEMBER 27, 2024

Image source: Getty Images One of the biggest mistakes new small business owners make is that they commingle their personal and business finances and credit. Choose the right business structure Establishing separate business credit begins with selecting the proper legal structure. This is what lenders and creditors will want to see.

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The Motley Fool

JANUARY 6, 2025

steel import levels; construction activity; demand for finished steel products; the expected capabilities, benefits, and timeline for construction of new facilities; the company's operations; the company's strategic growth plan; legal proceedings; the company's future results of operations; financial measures; and capital spending.

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The Motley Fool

OCTOBER 1, 2024

However, as with most personal finance issues, it's better to make plans before the situation occurs so you can prepare. Who is responsible for property taxes? Expect higher property taxes Property taxes are generally assessed based on the home value, but many states freeze property tax increases at a certain age.

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The Motley Fool

DECEMBER 20, 2023

And then there's that little thing called taxes. If you win millions, you will wind up in the highest tax bracket where you'll pay 37% of your winnings back to the federal government. The gift tax limits people from giving away more than $17,000 per person in 2023 and $18,000 per person in 2024. Not exactly. million in 2024).

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