I am going to start an ISP
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@strongbad said in I am going to start an ISP:
@stacksofplates said in I am going to start an ISP:
@irj said in I am going to start an ISP:
$1k to start LLC seems very expensive. You can do it in Florida for $100 and it takes less than 10 minutes to fill out the paperwork...
Ya I don’t think it’s even that high in Taxylvania.
High tax states often have cheaper fees. Low tax states often make money in other places, like this.
Maybe in some cases, but remember Florida has no state income tax just like Texas.
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@irj said in I am going to start an ISP:
@strongbad said in I am going to start an ISP:
@stacksofplates said in I am going to start an ISP:
@irj said in I am going to start an ISP:
$1k to start LLC seems very expensive. You can do it in Florida for $100 and it takes less than 10 minutes to fill out the paperwork...
Ya I don’t think it’s even that high in Taxylvania.
High tax states often have cheaper fees. Low tax states often make money in other places, like this.
Maybe in some cases, but remember Florida has no state income tax just like Texas.
I do miss that. However things like vehicle registration are way higher. My car in PA is like $25 a year. I think it was $70 something when we lived in Vero. But you guys also don’t have inspections.
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@stacksofplates said in I am going to start an ISP:
@irj said in I am going to start an ISP:
@strongbad said in I am going to start an ISP:
@stacksofplates said in I am going to start an ISP:
@irj said in I am going to start an ISP:
$1k to start LLC seems very expensive. You can do it in Florida for $100 and it takes less than 10 minutes to fill out the paperwork...
Ya I don’t think it’s even that high in Taxylvania.
High tax states often have cheaper fees. Low tax states often make money in other places, like this.
Maybe in some cases, but remember Florida has no state income tax just like Texas.
I do miss that. However things like vehicle registration are way higher. My car in PA is like $25 a year. I think it was $70 something when we lived in Vero. But you guys also don’t have inspections.
Yeah. $78 here in Brevard.
No inspections is worth the extra money
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Just renewed in Texas, was about $80. Not bad. And all online.
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@scottalanmiller said in I am going to start an ISP:
Just renewed in Texas, was about $80. Not bad. And all online.
Illinois is such a horrible state. Income taxes and high fees.
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@jaredbusch said in I am going to start an ISP:
@scottalanmiller said in I am going to start an ISP:
Just renewed in Texas, was about $80. Not bad. And all online.
Illinois is such a horrible state. Income taxes and high fees.
The only tough parts about Texas is high property taxes and sales tax on almost everything. In Texas, you never truly own your house as your always paying taxes on it. Miss a few years and the county repsees the property for back taxes. You can either pay up or the property gets auctioned off on county court steps.
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@scottalanmiller said in I am going to start an ISP:
Just renewed in Texas, was about $80. Not bad. And all online.
Lucky you... I just got the letter for renewal... it was $228. It's about that every year for both of our cars. (each)
Also all doable online, which is nice.
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@nerdydad said in I am going to start an ISP:
@jaredbusch said in I am going to start an ISP:
@scottalanmiller said in I am going to start an ISP:
Just renewed in Texas, was about $80. Not bad. And all online.
Illinois is such a horrible state. Income taxes and high fees.
The only tough parts about Texas is high property taxes and sales tax on almost everything. In Texas, you never truly own your house as your always paying taxes on it. Miss a few years and the county repsees the property for back taxes. You can either pay up or the property gets auctioned off on county court steps.
That's how every state is. You don't think that there are states where you don't pay property tax for forever, do you?
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@scottalanmiller said in I am going to start an ISP:
@nerdydad said in I am going to start an ISP:
@jaredbusch said in I am going to start an ISP:
@scottalanmiller said in I am going to start an ISP:
Just renewed in Texas, was about $80. Not bad. And all online.
Illinois is such a horrible state. Income taxes and high fees.
The only tough parts about Texas is high property taxes and sales tax on almost everything. In Texas, you never truly own your house as your always paying taxes on it. Miss a few years and the county repsees the property for back taxes. You can either pay up or the property gets auctioned off on county court steps.
That's how every state is. You don't think that there are states where you don't pay property tax for forever, do you?
Yeah, you are never free from property tax...
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@nerdydad said in I am going to start an ISP:
@jaredbusch said in I am going to start an ISP:
@scottalanmiller said in I am going to start an ISP:
Just renewed in Texas, was about $80. Not bad. And all online.
Illinois is such a horrible state. Income taxes and high fees.
The only tough parts about Texas is high property taxes and sales tax on almost everything. In Texas, you never truly own your house as your always paying taxes on it. Miss a few years and the county repsees the property for back taxes. You can either pay up or the property gets auctioned off on county court steps.
That's literally what happens in every state in the US.
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When I lived in Indiana I was shocked when I registered my tags and the lady said "that'll be $1200". I laughed, she was serious. In Ohio you pay about $35 to $50 for a tag renewal.
In Indiana you pay around 1% of your cars value, and I had just bought a stupidly expensive new car (something I will NEVER repeat).
Prior to Indiana I lived in Florida and both my cars were leased, so I am really curious as to how different car tags are priced across other states.
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@bigbear said in I am going to start an ISP:
When I lived in Indiana I was shocked when I registered my tags and the lady said "that'll be $1200". I laughed, she was serious. In Ohio you pay about $35 to $50 for a tag renewal.
In Indiana you pay around 1% of your cars value, and I had just bought a stupidly expensive new car (something I will NEVER repeat).
Prior to Indiana I lived in Florida and both my cars were leased, so I am really curious as to how different car tags are priced across other states.
I just registered a beater truck I got for $1500. $188 for registration, plates, and sales tax. Inspection is another $21 on top of that.
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@coliver said in I am going to start an ISP:
@nerdydad said in I am going to start an ISP:
@jaredbusch said in I am going to start an ISP:
@scottalanmiller said in I am going to start an ISP:
Just renewed in Texas, was about $80. Not bad. And all online.
Illinois is such a horrible state. Income taxes and high fees.
The only tough parts about Texas is high property taxes and sales tax on almost everything. In Texas, you never truly own your house as your always paying taxes on it. Miss a few years and the county repsees the property for back taxes. You can either pay up or the property gets auctioned off on county court steps.
That's literally what happens in every state in the US.
Even non-statets like the Virgin Islands.
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@bigbear said in I am going to start an ISP:
When I lived in Indiana I was shocked when I registered my tags and the lady said "that'll be $1200". I laughed, she was serious. In Ohio you pay about $35 to $50 for a tag renewal.
In Indiana you pay around 1% of your cars value, and I had just bought a stupidly expensive new car (something I will NEVER repeat).
Prior to Indiana I lived in Florida and both my cars were leased, so I am really curious as to how different car tags are priced across other states.
And the lesson here....?
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@coliver said in I am going to start an ISP:
@bigbear said in I am going to start an ISP:
When I lived in Indiana I was shocked when I registered my tags and the lady said "that'll be $1200". I laughed, she was serious. In Ohio you pay about $35 to $50 for a tag renewal.
In Indiana you pay around 1% of your cars value, and I had just bought a stupidly expensive new car (something I will NEVER repeat).
Prior to Indiana I lived in Florida and both my cars were leased, so I am really curious as to how different car tags are priced across other states.
I just registered a beater truck I got for $1500. $188 for registration, plates, and sales tax. Inspection is another $21 on top of that.
A bit much for a $1500 truck.
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Wow so we are just spoiled in Ohio. New tags you pay about $80 now, renewals about $35 every year. Regardless of the car.
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@bigbear said in I am going to start an ISP:
Wow so we are just spoiled in Ohio. New tags you pay about $80 now, renewals about $35 every year. Regardless of the car.
PA it’s like $25-30 for cars. SUVs might be like $35-40 and a full sized pickup is around $70-80 a year.
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So this topic is now going to turn a little business-y.
Best way to get funding. What is it? Basically assume that everybody around me is poor and cannot pitch in. What are the different types of investing along with each pros/cons?
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@bigbear said in I am going to start an ISP:
Wow so we are just spoiled in Ohio.
Not something that you get to say very often.
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@nerdydad said in I am going to start an ISP:
So this topic is now going to turn a little business-y.
Best way to get funding. What is it? Basically assume that everybody around me is poor and cannot pitch in. What are the different types of investing along with each pros/cons?
Self Funding: Most dangerous, best returns.
Bank Loans: Very hard to get, lowers your returns.
Angels: Good luck
VCs: They own you and control everything. Your risk is low but your chance of success is lowered dramatically.
