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Ice cream trucks used to be operated by major ice cream brands. Now drivers run their own independent trucks, self-employed, getting permits, health inspections, finding legal parking spots, among other responsibilities. An ice cream truck business can make $200-300 a day, $1,000 on holidays. Drivers report earning $5,000 monthly working 20 days a week. Expenses … Read more

Requirements to Maintain an LLC in Michigan: Pay an annual fee of $25. Consists of state filing fees and annual reporting requirements. Annual Report filing to keep LLC information up to date. Confirmation of information on the Annual Statement. Submitting with Michigan LARA. Initial Costs of Forming an LLC in Michigan: Base formation rate is … Read more

Vendor A vendor sells goods directly to consumers. Vendors deal with few products on-demand. Supplier A supplier provides goods to a vendor. Suppliers deal with products in bulk. Supply Chain Flow The supply chain flows: supplier > manufacturer > distributor > vendor > customer. Supplier-Vendor Dynamics Suppliers provide goods to businesses, focusing on quality. Vendors … Read more

Opportunities for Catering Business in Texas To run a catering business out of your home in Texas, you can take advantage of the state’s large and diverse population, growing economy, and potential for business growth. Follow guidelines and obtain liability insurance to succeed. Starting a Home-based Food Business in Texas Under the Texas Cottage Food … Read more

Tax Filing Requirements in Michigan You must file a tax return in Michigan if your income is over $4,050. The state income tax rate is 4.25% flat. Important Deadlines and Refunds Risk losing refunds if not filing within 4 years. Those missing July 15 should still file to claim refunds. Filing Guidelines and Exemptions Income … Read more

Discord karaoke is virtual karaoke, which gained popularity during the pandemic. People found comfort in singing karaoke at home through Discord, enjoying favorite songs anytime. History of Karaoke The term "karaoke" originated from Japanese, meaning "empty orchestra." Karaoke began in Japan in the 1970s and later became a global pastime and a popular group activity. … Read more

Comparison of C Corps and S Corps C corps: Pay corporate tax Offer flexible profit-sharing like dividends not subject to taxes Appeal to investors seeking tax efficiency S corps: Pass through profits and losses to owners Avoid double taxation Better for small companies Ownership and Taxation Differences Ownership and Taxation in S Corps and C … Read more

Generally speaking, an LLC can have two presidents if outlined in the operating agreement. The members may choose a corporate model with a president and officers or manager-management. Co-presidencies are legal in LLCs, but verifying state laws is essential. Some states have limitations on the number of presidents allowed in corporations. The CEO, President, or … Read more

DJI History and Innovations In 2006, DJI was founded. DJI released their first consumer drone, the Phantom 1 in 2013. It made drones accessible for everyone with its intuitive controls and camera. DJI later introduced the Inspire 1 and Mavic Pro. The Mavic Pro in 2016 was DJI’s first foldable drone. DJI has since released … Read more

Nightclubs can be profitable businesses with established venues bringing in profit margins ranging from 15% to 50%. The most significant source of income for these venues is drink sales, where bars can mark up prices by 200% to 400%. Additional services such as live music can further increase revenue. The average nightclub generates $25,000 to … Read more