Are you starting a new business? Maybe an LLC?
If so, make sure to avoid these mistakes before starting an LLC. Here's are some tax deduction and banking tips that can help you save you massive amounts of money on your taxes and stay on top of your business finances. In this video we discuss: The mistakes to avoid before starting an LLC.
Watch this video until the end to avoid overpaying Uncle Sam and to start making the most out of your real estate business!
Disclaimer: The EDAC Team are not lawyers and does not act as your attorney, and is not a substitute for advice from an attorney. EDAC does not provide any legal advice.,
Verizon is partnering with Amazon to use the satellite internet system the tech giant is developing to expand rural broadband access in the United States.
Verizon is partnering with Amazon to use the tech giant’s coming satellite internet system to expand rural broadband access in the United States, the companies announced Tuesday.
“We’re proud to be working together to explore bringing fast, reliable broadband to the customers and communities who need it most,” Amazon CEO Andy Jassy said in a statement.
Amazon is working on Project Kuiper, a network of 3,236 satellites that it plans to use to provide high-speed internet to anywhere in the world. While Amazon has yet to launch its first Kuiper satellites, the Federal Communications Commission last year authorized the system and the company has said that it plans to “invest more than $10 billion” in Kuiper.
The companies’ partnership will see Verizon use Amazon’s system as an extension of its terrestrial service, with Kuiper adding “cellular backhaul solutions to extend Verizon’s 4G/LTE and 5G data networks,” the companies said.
Amazon’s and Verizon’s teams have begun working together “to define technical requirements to help extend fixed wireless coverage to rural and remote communities across the United States.” The companies see a wide variety of use cases for Kuiper’s extension of Verizon’s network, noting it will look at “joint connectivity solutions” for industries including agriculture, energy, manufacturing, education, emergency response, transportation and more.
Late last year Amazon gave an early look at the performance of the “low-cost” satellite antenna it has been working on for Kuiper.
Want to Become a Millionaire? Follow Warren Buffett's 4 Rules.
As Buffett has noted and demonstrated on multiple occasions, you should “pay yourself first” by putting a portion of your funds away first.
Too many entrepreneurs go all in on the company they create and live for the promise of “the big exit.” But then it goes wrong. Even worse, some founders have done this multiple times. An expert and friend who owned 29 companies before the pandemic made a funny statement: “You can always tell the entrepreneurs in a room. They have the biggest stories. And then, nearly inevitably, they die broke.”
Statistically, the people who are most financially secure are the ones you wouldn’t expect. They are ordinary people who practiced financial discipline. They didn’t wait to save and invest until “we can afford it” (that would be never) or “when we exit our company.”
With or without advisors, they calculated what they’d need to retire and learned to put away savings first (sometimes in a hard-to-access CD or at a separate bank). Then they covered their needs.
They used the smallest share of their funds to indulge in luxuries and high-risk investments. They simply practiced and taught financial discipline consistently and early. For example, the young teen daughter of one of my friends is working a part-time job not for the chance to indulge in movie dates or brand-name fashion, but to begin her own retirement fund. Read more..
Seven years ago, Tammira Lucas was running her own consulting business while also raising her daughter. Four-year-old Ryann was born into entrepreneurship. Both of her parents owned businesses, so she was understanding when her mother and father had work to do.
However, Lucas felt guilty every time her daughter was forced to sit with her iPad while she and husband were working.
In 2016, she opened The Cube Cowork with her sister in Baltimore County to ensure that entrepreneurial mothers like herself would not have to choose between having a career and raising a family. The coworking space provides affordable babysitting services to remove the barrier of childcare for parent entrepreneurs.
Now, The Cube Cowork has relocated to Baltimore City and expanded from a 1,200-square-foot space to 15,000 square feet, making it the largest Black-women-owned coworking space in the United States. On Oct. 23, the company will celebrate its ribbon-cutting and grand opening at the new Harford Road location. Read more...
The mission of EDAC is to connect budding & existing entrepreneurs to resources for venture management & growth.