Does anyone know the ins and outs of this? I want to form a partnership with a friend of mine and was afraid what would happen since I filed Chp 13 in July? Will my payments increase?
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I have started several businesses. I seems highly unlikely your income will increase the first year unless you have lots business lined up in advance. There are usually startup costs and operating costs that cause profits to be low to non-existent in the first year. Will this be a straight partnership, LLC, S Corp, or C Corp? How are you financing the startup costs? -
I was wondering the same thing. We want to start a dog walking/pet sitting business. Is there a time frame to wait after you file?Comment
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It will be a partnership. Startup will be funded by investors (family members getting big tax returns)....I just didn't want to violate anything.Comment
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