hoope4 said:aeiouy said:If you can't prove you are a business, you should not apply for business credit. It is fraud, regardless of the bad advice some may give you in that regard.

People haphazardly advise people to get business accounts regardless of having a business or not. It is BAD advice.

My sole proprietorship sells sunshine and happiness. I've been in business for a year, and I've yet to make a sale (despite my rock bottom $0 pricing). But it's still a business. With business expenses. Seriously, creating high quality happiness requires quite a bit of mental effort on my part. It takes time. And at any given time, my time is worth whatever amount of balance transfer money I can squeeze out of the money-grubbing hands of these large greedy banks.

Laffin my a$$ off, Do you need a partner?

Glitch99 said:johnqh said:If your wife is selling on eBay as a business, she needs to have business license (even as sole proprietor), and then all she needs to do is to send in a copy of the business license.

.....

BTW, having a DBA is not enough to operate a business. You have to have business license from the city if you have any kind of transactions. Otherwise, city can come after you for back business license fees, fines and taxes.This may be true in some localities, but is far from true as a general rule. Where I live, I can operate a business under my own name without any registration whatsoever. To operate as a sole proprietor under a DBA, all I'd need to do is file an 'Assumed Name' certificate with the state for each county I will be doing business as under that name. Of course, depending on the nature of the business there may be seperate registration/permit requirements (such as health permits, etc) that can vary from city to city, county to county.

I don't even have to do that. After talking to the Chamber of Commerce the gentleman said that all I needed to be considered DBA is no have a specific name and use it. There is nothing else I need to do or pay for the business I am in.

There's no licenses or such required for my business in my locality either. Strange how people think that rules are uniform across all the various counties, cities and states. There are literally thousands of sets of rules. The one thing that can be confidently stated is that very few are going to be identical.

Mike said:It sounds like you are blaming me for people who intentionally misinterpret what I say in my posts despite the guidelines and warnings I give? If so, are are you not just as blameworthy for starting the whole AOR thread? Do people ever disreguard your instructions and take that money and spend it, or put it in stocks and loose it all? I feel no guilt to those who purposefully misinterpret what I had advocated. I will furthermore not feel responsible for those who are simplily unorgainized, unintelligent,

You are very sensitive to what you interpret to be SiS's critiques of your plans.

Frankly I still think you've never addressed the non-market rate 0% loans that family members are giving you and the fact that legally you are subject to gift laws even if you pay the principal back.

However, for being so sensitive, you sure seem to casually bash stock investing. You know, if I have $250,000 of my own money in stocks and I mix in $25,000 of AOR money, I could survive a 90% drop and still pay back my debts without interest.

If my portfolio goes down 90% I have much bigger problems anyway. Also if it is a good enough investment for $250,000, it is a good enough investment for $275,000, right? Money in fungible.

Finally, the gravy train might not last forever but I've continuously held a large block of BT money for over five years. My expected value is positive for my investments and I take offense when people say I'm simply gambling.

I like it how putting $25,000 or 10% of your portfolio is gambling but buying "as much house as you can afford even if you don't need it" is seen as sage advice. My "bet" is a lot smaller than the type of investment plays people advocate on here all the time. At least I have more than one asset. To me putting all your equity into a single investment for the next 30 years is a much bigger gamble than owning thousands of stocks and fixed income assets spread across dozens if not hundreds of countries.

So yeah, I'm guess I'm one of those "misinterpreters".

A lot of philoshophy is this discussion and i am happy.

I ve been in the USA about 15 months.

My credit scores are 738, 729 and 728.

I have AMEX one
ame Cash Back ($9000)
AMEX blue ($1000)
boa ($3500)
citi at and t ($5000)
chase Amazon ($2000)
chase continental ($2000)

i had a car loan, i paid it in 6 months (16500)
i boughtt a motorbike

and i have never had any problem!!!! And if i had, with a simple call everything was fixed immediately

WHY?

Because i always say the truth!!!!
always
about my income, my job and the reason that i want a credit card or a cli

When i came here, my boss told me

Here my son, remember, always tell the truth

and i did it.

Never LIE.

Remember.

If you lie and they follow you, they just know that they will have the maximum benefit from you because you are so stupid..

Nobosy is silly, but if he or she is, he or she has a clever supervisor