Topic: what to do with large amounts of cash? (Read 1543 times)
i decided to buy mutual funds and start a company.
Change cash to diamonds and swallow 
I don't think having too much money is a problem. 
Create a corporation. Pay taxes. Hire some lawyers.
Create a corporation. Pay taxes. Hire some lawyers.
I don't think having too much money is a problem.
Create a corporation. Pay taxes. Hire some lawyers.
Create a corporation. Pay taxes. Hire some lawyers.
Not as simple as it seems. Corporate taxes are increasing all over the US / EU. If you want to take your corporation to places where there is no Corporate tax, then there are further legal complexities.
You need to invite this guy to your island.
I don't think having too much money is a problem.
Create a corporation. Pay taxes. Hire some lawyers.
Create a corporation. Pay taxes. Hire some lawyers.
Not as simple as it seems. Corporate taxes are increasing all over the US / EU. If you want to take your corporation to places where there is no Corporate tax, then there are further legal complexities.
You got a good problem going, its usually the lack of money
You can try do the western union thing, but it would have to be small amounts from random locations.
I know this cause I do check cashing and everything western union for my parents.
Also the limitation for 1 transaction should be less then 9,000 etc. Anything though that brings suspicious behavior have to report to FinCen.
note:
The better way would probably at a certain point, get a legit business going to clean the old laundered money (under the table money) to match yearly earnings.
You can try do the western union thing, but it would have to be small amounts from random locations.
I know this cause I do check cashing and everything western union for my parents.
Also the limitation for 1 transaction should be less then 9,000 etc. Anything though that brings suspicious behavior have to report to FinCen.
note:
The better way would probably at a certain point, get a legit business going to clean the old laundered money (under the table money) to match yearly earnings.
I don't think having too much money is a problem.
Create a corporation. Pay taxes. Hire some lawyers.
Create a corporation. Pay taxes. Hire some lawyers.
If you would have large enough cash you could consider payout in more bitcoin friendly countries.
USA is weird right now. Maybe after some time they are going to chill.
USA is weird right now. Maybe after some time they are going to chill.
does OP have a record? is that why you are wary of this? i don't think a cop will bring a k9 with him when pulling him over, much less ask to check his car. even if he did, OP could refuse it.. unless he has a record.
i dont have a record. even if you have nothing to hide, if you refuse a search they will manipulate the system to get the search and they will seize any money even if you can prove it. they will also seize your car and everything in it. its literally legal highway robbery. people think you have rights but your rights always take the back seat to the crooked laws and they will do everything in their power to diminish your rights.Sadly this is accurate.
These days they just take your money.
A prepaid card should be the best way to go, or use btc.
How many pre-paid cards can someone own? There is a limit on all the prepaid cards ($1,000 to $3,000). Also, they charge pretty hefty commissions. Not a good option anyway.
i could but the limit is 9K or they will report it.
why not just wire it over?
i have several, they are nice.
i started a company last year, im just gonna start reporting and pay taxes. i can't keep hoarding cash. there are alot of benefits to owning a company. corporate credit is one of them. tax write offs is another. will be nice to write off gas and other expenses. i might even be able to write off as much as i pay. will see what happens.
i started a company last year, im just gonna start reporting and pay taxes. i can't keep hoarding cash. there are alot of benefits to owning a company. corporate credit is one of them. tax write offs is another. will be nice to write off gas and other expenses. i might even be able to write off as much as i pay. will see what happens.
A prepaid card should be the best way to go, or use btc.
Free, lol oooh I find it hilarious people think we are free.
does OP have a record? is that why you are wary of this? i don't think a cop will bring a k9 with him when pulling him over, much less ask to check his car. even if he did, OP could refuse it.. unless he has a record.
i dont have a record. even if you have nothing to hide, if you refuse a search they will manipulate the system to get the search and they will seize any money even if you can prove it. they will also seize your car and everything in it. its literally legal highway robbery. people think you have rights but your rights always take the back seat to the crooked laws and they will do everything in their power to diminish your rights. global moderator
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does OP have a record? is that why you are wary of this? i don't think a cop will bring a k9 with him when pulling him over, much less ask to check his car. even if he did, OP could refuse it.. unless he has a record.
He already said he doesn't do anything illegal. He just gets paid in cash for his work. Which means he can't prove how he got the cash nor does he pay taxes on the cash he made. At least thats what I take from this thread.
He could have a record for something previous, and not paying taxes is technically illegal lol.
Depends on how you look at it.
I think it will most probably depend on how the police and judges look at it haha, but normally they don't look upon it too favourably
. does OP have a record? is that why you are wary of this? i don't think a cop will bring a k9 with him when pulling him over, much less ask to check his car. even if he did, OP could refuse it.. unless he has a record.
He already said he doesn't do anything illegal. He just gets paid in cash for his work. Which means he can't prove how he got the cash nor does he pay taxes on the cash he made. At least thats what I take from this thread.
He could have a record for something previous, and not paying taxes is technically illegal lol.
Depends on how you look at it.
does OP have a record? is that why you are wary of this? i don't think a cop will bring a k9 with him when pulling him over, much less ask to check his car. even if he did, OP could refuse it.. unless he has a record.
He already said he doesn't do anything illegal. He just gets paid in cash for his work. Which means he can't prove how he got the cash nor does he pay taxes on the cash he made. At least thats what I take from this thread.
He could have a record for something previous, and not paying taxes is technically illegal lol.
global moderator
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does OP have a record? is that why you are wary of this? i don't think a cop will bring a k9 with him when pulling him over, much less ask to check his car. even if he did, OP could refuse it.. unless he has a record.
Well maybe he's not willing to take the risk. It does seem unlikely that he'll run into trouble though, especially just across statelines, but I'm no expert in security at state borders.
I have Deleted all my previous posts on this thread please disregard anything i posted.
good luck Thanks.
good luck Thanks.
Covering you tracks, eh?
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