Re:Ask HN: Questions about running a company from a cheap co...
by fleitz on Sunday April 22, 2012 @01:38AM
(#3874085)
Sivers has an awesome post on how him and his dad screwed up some paperwork when he started CD Baby, IIRC, CD Baby was officially part of his dad's company, it cost him $3.3 million to fix it.
Keep in mind that for sivers it would make sense to do something like pay someone $750/hour to make sure his paperwork gets done right.
Whenever someone talks to me about saving money on taxes I remind them of a man named Al Capone and what he actually went to jail for. It wasn't killing people, it wasn't running guns, booze, gambling or many of the things that people think of him as doing illegally...
http://sivers.org/mistake
Keep in mind that for sivers it would make sense to do something like pay someone $750/hour to make sure his paperwork gets done right.
Whenever someone talks to me about saving money on taxes I remind them of a man named Al Capone and what he actually went to jail for. It wasn't killing people, it wasn't running guns, booze, gambling or many of the things that people think of him as doing illegally...
It was filing his taxes incorrectly.