Jim

Jim

33p

40 comments posted · 3 followers · following 1

21 weeks ago @ Feld Thoughts - The Founders Visa Move... · 0 replies · +1 points

I have an Australian client that was looking to move his online business to the U.S. He told me he needed to spend $150k in the U.S. through his company right away and was looking to make prepayments to do so. Not sure if this is part of the same program.

I have looked into similar programs in the UK and they have requirements of having £200k in a bank located in the UK.

I think the requirements are sizable so as to limit wealthy individuals ease at buying their way into the U.S.

32 weeks ago @ Feld Thoughts - How To Be Skinnier · 0 replies · +1 points

My wife always tells me its about "moderation". Its just that I am impossible at that. I have gotten more fit recently by just deciding I will not drink soda or beer (a yucky vodka soda is my drink of choice now - not liking it makes me drink less of it btw), and will not eat breads or pastas. I have also not eaten anything buy fish and chicken. Seems to have worked. Also, green tea instead of coffee.

44 weeks ago @ Feld Thoughts - Be The Kid Rock of Tec... · 0 replies · +1 points

Not afraid to admit I like Kid Rock's music and its in heavy rotation on my ipod for workouts.

45 weeks ago @ Colorado Startups - More on LLCs · 0 replies · +1 points

One thing I know for sure is that an LLC and S corp allow you to asorb a lot of expenses that you cant personally with getting hit with AMT.

45 weeks ago @ Colorado Startups - More on LLCs · 0 replies · +1 points

I guess I dont understand the double taxation issue. If I make a million dollars "profit" at abc, inc I am taxed at ~ 35% in the corp. If I then withdraw the $650k as a dividend I pay the dividend tax of 15-20%, soon to go much higher under Obama I assume. Correct? effective tax rate is over 50%, no?

45 weeks ago @ Colorado Startups - You kids and your LLCs · 1 reply · +1 points

If a company hopes to make any real money (that will be distributed to the members) isnt an LLC the best choice to avoid double taxation?

Also, I am not an accountant, but if a a number of people create a C corp and incur a ton of expenses trying to create a product prior to getting VC they wont be able to pass through those expenses to themselves. They remain stuck in the original corp. I ran into that once before when I created my first corp while trying to get something going back 10 years ago.

51 weeks ago @ Colorado Startups - What\'s the job market... · 1 reply · +1 points

haha. :) One of you could have done the professional look, so they know we have that too!

51 weeks ago @ Colorado Startups - What\'s the job market... · 1 reply · +1 points

Was this a surprise interview? Shaving and collared shirts is still putting your best foot forward when representing all of Boulder.

60 weeks ago @ Feld Thoughts - Lijit Is Hiring - Again · 0 replies · +1 points

Note that a web developer is still called a "web developer" at lijit. Sounds like they are serious about tech. Being on the buy side of internet ads, I would be suspect of someone contacting me calling themselves a "catalyst".

49 weeks ago @ OnlyOnce - Education and Entrepre... · 0 replies · +1 points

There is a difference in running a business versus being a good employee in my opinion. I know a fair number of people running good businesses that didn't go to college, most did, but a noticeable number didn't. Especially in the UK.

I can note that I have poor experiences with a statistically large number employees who have not gone to school. Especially in the software development and network admin side. To the point I do not hire non degreed people unless desperate for a skillset. Coincidentally that compromise has lead to some of my biggest employee flameouts.