Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I thank you guys for taking interest in my question. In regards to the startup capital, It breaks down to about $7000 in equipment purchase, $1500 in legal fees, and $6500 in assorted deposits, initial month's lease, permits, startup supplies (some with limited lifespan), etc. So, I do have some tangible hard assets to show for it, but I also have some expense that, if I liquidated today, could never recover. It is a small fast-food establishment, and although it is to the point of paying its own bills, it's not showing any profit and I am not taking any salary at this point.
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.