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You have to be first registered with the state and the feds (IRS) as a business which creates all kinds of legal obligations and paperwork.
by notyourday 6y ago
You have to be first registered with the state and the feds (IRS) as a business which creates all kinds of legal obligations and paperwork.
- Nextgrid 6y agoYou're assuming this is in the US; some countries have different requirements and it's much easier to set up a business fraudulently. Not to mention, given the current situation with fraudulent covid-related unemployment/benefit claims in the US I am pretty sure there are ways to set up a business fraudulently in the US too.
- driverdan 6y agoIn most US states it's very easy and inexpensive to register a business.
- blackflame7000 6y agoYou can create shell corporations anonymously where the only thing that ties you to the company is possession of the bearer bonds
- notyourday 6y agoThat's messing with the taxes. That's the most dangerous kind of enterprise.