Dope interview, he dropped game about the music industry, sampling and how hip hop could be out the door the way jazz and R&B did with all the white artists
![image]()
Mtume on the Breakfast Club
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Mental illness is on the rise
It seems like the majority people I encountered is dealing with something. Studies even show its rising
https://www.google.com/amp/m.huffpost.com/us/entry/us_58ee9a13e4b0da2ff85de60a/amp
Why do y’all think more people in this day and age are getting depressed?
https://www.google.com/amp/m.huffpost.com/us/entry/us_58ee9a13e4b0da2ff85de60a/amp
Why do y’all think more people in this day and age are getting depressed?
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Identity Politics Run Amok: Autism is a culture?
Yep, ladies and gents there are people who suggest that having autism is a culture like being Chinese.
I'll let this idiot speak for herself
This is poisonous thinking.
http://web.archive.org/web/20131012113050/http://www.shoeboxtasks.com/autism-articles/what-i-think
I'll let this idiot speak for herself
There's a reason I call myself an autistic, rather than utilizing person first language, and said reason has nothing to do with laziness. It has everything to do with the fact that autism is an integral part of who I am. Autism is not a disease, a disorder, or something holding me prisoner in a shell. Autism is a culture, a lifestyle, and a way of being. We don't try to cure people of being Chinese, because that is unethical and impossible. Nor do we refer to said people as "having Chinese tendencies," because that sounds stupid and we recognize that someone's nationality is part of WHO THEY ARE.
Autism doesn't yet get the respect as a culture that it deserves. People don't realize that autism shades into personality and is crucial to us remaining who we truly are. Because autism was woefully under-identified in the past, we are a relatively new disability culture. We are learning from the Deaf culture, and in many ways our struggles can be seen as similar. Like the Deaf, we autistics have a communication barrier with the majority of society, and people are always trying to cure both conditions. The former does not make the latter any more heinous. Autism, like Deafness, is a valid counterculture. To cure us would be to stamp out our whole way of life, and this is NOT good medical practice or the like-it is genocide born of xenophobia-a fear of outsiders. In many ways we spectrumites are the ultimate outsiders, but that DOES NOT make our way of being less worthwhile. This is why I and most other adults on the spectrum are anti-cure.
Allow me to make something perfectly clear: anti-cure DOES NOT MEAN anti-progress. Quite the contrary, I am strongly in favor of teaching spectrum kids the skills they'll need to live independently. This does not mean making them more typical, however; this means teaching practical ways around the challenges and also teaching the children to advocate for themselves so they can get their own needs met. The focus should not be on achieving normalcy, but instead on learning to live happily and productively AS AUTISTICS. The practical upshot of the above is this: kids shouldn't be running from therapy to therapy to doctor to therapy in an effort to train and medicate autism out of them to render them Indistinguishable From Peers.
Autistic children ARE STILL CHILDREN, and the over-intensive programming just isn't age appropriate. All kids deserve time to just be kids, and so many spectrum children don't get that. I also think that the only time medication is appropriate is when it makes the person who takes it more comfortable-it should NOT be to make the parent's life easier. In fact, that is my criteria for most all interventions-if a special diet makes some children more comfortable, then it is right for that child. If occupational therapy lessens painful sensory issues, that's GREAT, sign me up too. If chelation makes a kid miserable but at least they are too tired to get into anything because of the stress on their body, that is NOT cool. Kids have lost kidneys to chelation, and I am against anything that dangerous. Kids are kids, autism or not, and I don't know any parents who would willingly put their typical children at that kind of risk. Autism is a culture. It's as much a part of me as my freckles, my Slavic ancestry, my tumbling obsession, and my whacky sense of humor. It makes me different, but it has shaped who I am, and who many of my friends are, and I wouldn't
This is poisonous thinking.
http://web.archive.org/web/20131012113050/http://www.shoeboxtasks.com/autism-articles/what-i-think
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The Official 2017/18 Football/Soccer Thread
.png)
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Earl St Clair - "CHRISTMAS WITHOUT YOU"
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Egyptian singer sentenced to prison for video 'inciting debauchery'
http://edition.cnn.com/2017/12/13/middleeast/egypt-singer-shyma-ahmed-prison-intl/index.html
A court in Egypt has sentenced a female pop singer to two years in prison for "inciting debauchery and immortality" in an online music video, according to reports by Egypt's state-run Al-Ahram online.
The music video of the song "I Have Issues" was released last month and sparked immediate controversy because of its sexually suggestive scenes. In the video, Shyma Ahmed, a 21-year-old artist who is known by the name Shyma, is seen cavorting in a bra before a group of wide-eyed smiling men. On a chalkboard behind her is written "class #69." In a subsequent scene, she slowly eats a banana.
Egypt state media outlets report that the singer and the director of the music video, Mohamed Gamal, were arrested on November 18 after the video's release. They were also ordered to pay a fine of 10,000 Egyptian pounds (approximately $560).
https://www.youtube.com/watch?time_continue=2&v=S2oAr-nWn-k&has_verified=1
Both are expected to appeal the verdict.
Since taking power in 2014, the government of President Abdel Fattah al-Sisi has blocked critical voices from TV and print, and scrubbed digital content, according to Amnesty International.
Though the government crackdown has mainly targeted news and human rights reporting, it has drawn in entertainers -- in 2011, comedian Bassem Youssef canceled his widely popular political satire show on Egyptian TV, citing safety concerns for himself and his family.
The legal reasons used to block web sites and content has been ambiguous, Amnesty says. Several Egyptian laws can be used to censor the media and the internet, on the grounds of national security, the group says.
Days before her arrest, Ahmed shared her thoughts on Facebook.
"My apologizes to all people who watched the video and did not like it because they think it's inappropriate," read the post. "I did not expect such a harsh backlash from people."
"As a singer, I only sung the song and I do not have any knowledge and understanding in direction and many other things."
A court in Egypt has sentenced a female pop singer to two years in prison for "inciting debauchery and immortality" in an online music video, according to reports by Egypt's state-run Al-Ahram online.
The music video of the song "I Have Issues" was released last month and sparked immediate controversy because of its sexually suggestive scenes. In the video, Shyma Ahmed, a 21-year-old artist who is known by the name Shyma, is seen cavorting in a bra before a group of wide-eyed smiling men. On a chalkboard behind her is written "class #69." In a subsequent scene, she slowly eats a banana.
Egypt state media outlets report that the singer and the director of the music video, Mohamed Gamal, were arrested on November 18 after the video's release. They were also ordered to pay a fine of 10,000 Egyptian pounds (approximately $560).
https://www.youtube.com/watch?time_continue=2&v=S2oAr-nWn-k&has_verified=1
Both are expected to appeal the verdict.
Since taking power in 2014, the government of President Abdel Fattah al-Sisi has blocked critical voices from TV and print, and scrubbed digital content, according to Amnesty International.
Though the government crackdown has mainly targeted news and human rights reporting, it has drawn in entertainers -- in 2011, comedian Bassem Youssef canceled his widely popular political satire show on Egyptian TV, citing safety concerns for himself and his family.
The legal reasons used to block web sites and content has been ambiguous, Amnesty says. Several Egyptian laws can be used to censor the media and the internet, on the grounds of national security, the group says.
Days before her arrest, Ahmed shared her thoughts on Facebook.
"My apologizes to all people who watched the video and did not like it because they think it's inappropriate," read the post. "I did not expect such a harsh backlash from people."
"As a singer, I only sung the song and I do not have any knowledge and understanding in direction and many other things."
↧
Big Sean & Metro Boomin Announce Joint Album "Double Or Nothing"
Metro Boomin is clearly a fan of the days where one producer and one rapper would team up to record an entire project. This year alone, Metro laced the beats for Gucci Mane's DropTopWop, Nav's Perfect Timing, and Offset & 21 Savage's Without Warning. Today, the prolific Atlanta producer has announced yet another addition to his repertoire - a collaboration album with Detroit rapper Big Sean, called Double Or Nothing. The news was confirmed in an interview with Billboard, who spoke to the duo at their rented house in California.
Metro opens up by explaining why he prefers the single-producer, citing a few key classics as examples. "I was born in ’93,” he says, “and a lot of projects [from that era] had one producer, maybe two. They sounded more cohesive -- better as a whole.” Metro had previously collaborated with Big Sean's I Decided single "Bounce Back," as well as two other tracks from that album. Most recently, they teamed up to deliver "Pull Up N Wreck" with 21 Savage. And while Metro's signature sound has since went on to shape the hip-hop landscape, Double Or Nothing will reportedly find him exploring new styles and genres.
Apparently, the project was made in both Atlanta and Los Angeles, with plenty of spontaneous writing sessions. Basically, Metro would make a beat on the spot, and Sean would follow-suit with lyrics. Sean alleges "on some tracks, the playback will bleed into the microphone, because they recorded without a vocal booth or even a pair of headphones."
While there has yet to be a release date for Double Or Nothing, you never know with these "surprise" albums. It could be dropping next week, or next year for all we know. What do ya'll think about this one? Did you like Metro and Sean's previous work? Sound off below, and stay tuned for more news on this pleasant surprise.
via HNHH
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BLACK THOUGHT incredible FREESTYLE @Flex
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The I Watched Recently Thread *possible spoilers*
Steven Spielberg once said that he does "Movie Orgy" every now and again where he will watch several films in over a week's time. Well I recently did this thanks to Redbox and Blockbuster express where films are only a Dollar. From April 6th to 16th over 10 days I watched 18 films, here are the movies I watched, mind you I haven't seen any of them
The Hunger Games (Theater)- C+
Captain America B-
The Hangover II- C
The Girl With the Dragon Tattoo- B+
Thor- C +
Contagion- B -
The Killer Elite- D
Hanna- B -
Green Lateran- C +
J. Edgar- C -
In Time- C
The Adventures of Tin-Tin- B -
Real Steel - C +
Drive - A
Colombiana - C+
Zodiac (Finally finished Ficher's Whole catalog) - B +
Vantage Point- C +
Gone Baby Gone- A
It was pretty cool to catch on on so many movies I hadn't seen. Overall, "Gone Baby Gone" and "Drive" had the most impact.
The Hunger Games (Theater)- C+
Captain America B-
The Hangover II- C
The Girl With the Dragon Tattoo- B+
Thor- C +
Contagion- B -
The Killer Elite- D
Hanna- B -
Green Lateran- C +
J. Edgar- C -
In Time- C
The Adventures of Tin-Tin- B -
Real Steel - C +
Drive - A
Colombiana - C+
Zodiac (Finally finished Ficher's Whole catalog) - B +
Vantage Point- C +
Gone Baby Gone- A
It was pretty cool to catch on on so many movies I hadn't seen. Overall, "Gone Baby Gone" and "Drive" had the most impact.
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Google AI outperforms developers in writing machine learning algorithms
https://eandt.theiet.org/content/articles/2017/10/google-ai-outperforms-developers-in-writing-machine-learning-algorithms/
A tool created by Google engineers to automate the writing of machine learning algorithms has outperformed developers in the creation of efficient machine learning systems for some tasks.
The AutoML (automated machine learning) tool was announced earlier this year by Google representatives. Its creation was motivated by the widespread skills shortage associated with coding, particularly for machine learning applications. The Google team built a machine learning system capable of rapidly creating, testing and refining machine learning architectures.
“One way we hope to make AI more accessible is by simplifying the creation of machine learning models called neural networks,” wrote Sundar Pichai, Google CEO, in a blog post.
“Today, designing neural nets is extremely time intensive, and requires an expertise that limits its use to a smaller community of scientists and engineers. That’s why we’ve created an approach called AutoML, showing that it’s possible for neural nets to design neural nets.”
The AutoML approach allows for a “controller neural net” to put forward a suggestion of a basic architecture for a new machine learning algorithm, which can be subsequently trained to perform a highly specialised task. The algorithm’s performance is evaluated and this feedback is used to improve the next attempt.
After repeating these simulations thousands of times, the controller is well-informed about which architectures are likely to perform better at this task. This entire process is automated and takes a matter of hours.
Within just five months, Google has reported that AutoML has begun to generate machine learning algorithms which outperform those written by the developers themselves. An AutoML-generated algorithm proved capable of learning to recognise and categorise images – an extremely complex task – reached a record 82 per cent accuracy.
Even in complex tasks, the AutoML code outperformed code written by developers: in a task in which the system had to mark the location of various objects within an image, the developers’ machine learning software achieved 39 per cent accuracy, while the AutoML software achieved 43 per cent.
Once well-honed enough such that it could be used for practical applications, tools like AutoML could be incorporated into machines of the near future, allowing them to update themselves regularly and even create new programs to solve specific problems.
While machines outperforming humans in highly-skilled jobs remains a fantasy, the success of AutoML demonstrates the slight edge that artificially intelligent systems can have over humans in performing tedious tasks: in this case, the ability of AutoML to rapidly run through thousands of possible architectures would otherwise take months of work for a developer, whose time could be put to better use on more creative tasks.
A tool created by Google engineers to automate the writing of machine learning algorithms has outperformed developers in the creation of efficient machine learning systems for some tasks.
The AutoML (automated machine learning) tool was announced earlier this year by Google representatives. Its creation was motivated by the widespread skills shortage associated with coding, particularly for machine learning applications. The Google team built a machine learning system capable of rapidly creating, testing and refining machine learning architectures.
“One way we hope to make AI more accessible is by simplifying the creation of machine learning models called neural networks,” wrote Sundar Pichai, Google CEO, in a blog post.
“Today, designing neural nets is extremely time intensive, and requires an expertise that limits its use to a smaller community of scientists and engineers. That’s why we’ve created an approach called AutoML, showing that it’s possible for neural nets to design neural nets.”
The AutoML approach allows for a “controller neural net” to put forward a suggestion of a basic architecture for a new machine learning algorithm, which can be subsequently trained to perform a highly specialised task. The algorithm’s performance is evaluated and this feedback is used to improve the next attempt.
After repeating these simulations thousands of times, the controller is well-informed about which architectures are likely to perform better at this task. This entire process is automated and takes a matter of hours.
Within just five months, Google has reported that AutoML has begun to generate machine learning algorithms which outperform those written by the developers themselves. An AutoML-generated algorithm proved capable of learning to recognise and categorise images – an extremely complex task – reached a record 82 per cent accuracy.
Even in complex tasks, the AutoML code outperformed code written by developers: in a task in which the system had to mark the location of various objects within an image, the developers’ machine learning software achieved 39 per cent accuracy, while the AutoML software achieved 43 per cent.
Once well-honed enough such that it could be used for practical applications, tools like AutoML could be incorporated into machines of the near future, allowing them to update themselves regularly and even create new programs to solve specific problems.
While machines outperforming humans in highly-skilled jobs remains a fantasy, the success of AutoML demonstrates the slight edge that artificially intelligent systems can have over humans in performing tedious tasks: in this case, the ability of AutoML to rapidly run through thousands of possible architectures would otherwise take months of work for a developer, whose time could be put to better use on more creative tasks.
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Street Fighter 30th Anniversary Collection May 2018
Copping
![image]()
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Is it fair to say that the gods or our higher power is lazy? Or just incapable?
As many here may already know, I'm not religious, but I tend to believe there is some kind of higher power out there. Lately, I haven't discussed religion with much people because I consider religion to be something of a scam and it seems more and more people are realizing this, but I remain very open to there being some kind of god or higher power out there. I have flirted with all out atheism before and at times still do, but I can't get around the fact that there seems to be SOME kind of design in the world. As flawed as much of it is......
With that being said, my mom is a nurse and takes care of special needs children. What made me create this thread is that she is now taking care of a 5 year old girl who not only has autism, she was born with a hole in her throat, born a dwarf, cannot speak, and is partially deaf. She needs an oxygen tank at all times. The mother of the girl is a healthy woman who seems responsible, and ironically is somewhat religious. So how the hell does a religious woman give birth to a baby born with all these deformities?
For those who firmly believe or at least think there is a god/higher power, is it safe to say that god/the gods are somewhat lazy? Thousands, maybe millions of babies are born with deformities every year, and while I hear some say god doesn't make mistakes, that clearly isn't the case. Or maybe my expectations of a god are too high? It just seems weird that our "god" can make so many mistakes in life.
With that being said, my mom is a nurse and takes care of special needs children. What made me create this thread is that she is now taking care of a 5 year old girl who not only has autism, she was born with a hole in her throat, born a dwarf, cannot speak, and is partially deaf. She needs an oxygen tank at all times. The mother of the girl is a healthy woman who seems responsible, and ironically is somewhat religious. So how the hell does a religious woman give birth to a baby born with all these deformities?
For those who firmly believe or at least think there is a god/higher power, is it safe to say that god/the gods are somewhat lazy? Thousands, maybe millions of babies are born with deformities every year, and while I hear some say god doesn't make mistakes, that clearly isn't the case. Or maybe my expectations of a god are too high? It just seems weird that our "god" can make so many mistakes in life.
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Goons of the Industry
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The Official SneakerHead/ Sneaker Collection Thread
Post pics of kicks that you most recently copped or your favorite from your collection..
Ill start it off with my most recent cops...
![bI1K1gE.png]()
![hN9BieL.png]()
Ill start it off with my most recent cops...
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So come to find out...
... apparently I went to sleep last night and woke up in 2001 >_>
Pastor Troy just released a video for Move To Mars
![image]()
Pastor Troy just released a video for Move To Mars
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How often yall get sick?
Im talkin colds/allergies/other random shit..i literally used to get colds every other month but this year, i havent been sick since early this year..i did start dieting and eating better but i dunno if that caused my immune system to get stronger? i work in public so i stay around ppl all day and every other person seems to be coughing or hacking some shit into the air plus some in these areas i work in be dirty as fuck but i havent caught shit in forever, wat about yall??
↧
The Official Boxing Thread
Here's to hoping 2012 was as great as 2011 for the sport of boxing!!!
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OFFICIAL 2017-2018 LOS ANGELES LAKERS THREAD
Projected Camp Rotation
Positions Starters Bench Third String Fourth String
PG Lonzo Ball Tyler Ennis Briante Weber Alex Caruso
SG KCP Clarkson Josh Hart Vander Blue
SF Ingram Luol Deng Corey Brewer V.J. Beachem
PF Julius Randle Larry Nance Jr. Kyle Kuzma -- --
C Brook Lopez Andrew Bogut Ivica Zubac Thomas Bryant
![170924-ts.jpg?itok=BWdbMZKh]()
Positions Starters Bench Third String Fourth String
PG Lonzo Ball Tyler Ennis Briante Weber Alex Caruso
SG KCP Clarkson Josh Hart Vander Blue
SF Ingram Luol Deng Corey Brewer V.J. Beachem
PF Julius Randle Larry Nance Jr. Kyle Kuzma -- --
C Brook Lopez Andrew Bogut Ivica Zubac Thomas Bryant
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Gif the current state of your team
↧
The General Business Thread
Alright yall this is a spinoff from the Tax Implications thread that was started by @JonnyRoccIT . I made this thread to help out anybody who has general questions about getting started or going forward, legal matters in business, financing/banks/credit, how to find information, building websites, structure, taxation, business plans/proposals, investing, motivation - anything that has to do with running a business please ask the question here and me or @pralims will answer you promptly.
Anything that has to do with even supplying apps or anything for that matter that can help someone, anybody, somewhere do something easier or better will be greatly appreciated.
To kick things off I have put the topics in spoilers to make the O/P organized and easier to browse for mobile users.
Business Entity/Legal Structures
Sole Proprietorship
The simplest structure is the sole proprietorship, which usually involves just one individual who owns and operates the enterprise. If you intend to work alone, this structure may be the way to go. The tax aspects of a sole proprietorship are appealing because the expenses and your income from the business are included on your personal income tax return, Form 1040. Your profits and losses are recorded on a form called Schedule C, which is filed with your 1040. The "bottom-line amount" from Schedule C is then transferred to your personal tax return. This is especially attractive because business losses you suffer may offset the income you have earned from your other sources.
As a sole proprietor, you must also file a Schedule SE with Form 1040. You use Schedule SE to calculate how much self-employment tax you owe. In addition to paying annual self-employment taxes, you must make estimated tax payments if you expect to owe at least $1,000 in federal taxes for the year after deducting your withholding and credits, and your withholding will be less than the smaller of:
1) 90 percent of the tax to be shown on your current year tax return or
2) 100 percent of your previous year's tax liability.
The federal government permits you to pay estimated taxes in four equal amounts throughout the year on the 15th of April, June, September and January. With a sole proprietorship, your business earnings are taxed only once, unlike other business structures. Another big plus is that you will have complete control over your business--you make all the decisions. There are a few disadvantages to consider, however. Selecting the sole proprietorship business structure means you are personally responsible for your company's liabilities. As a result, you are placing your assets at risk, and they could be seized to satisfy a business debt or a legal claim filed against you.Raising money for a sole proprietorship can also be difficult. Banks and other financing sources may be reluctant to make business loans to sole proprietorships. In most cases, you will have to depend on your financing sources, such as savings,
home equity or family loans.
Partnership
If your business will be owned and operated by several individuals, you'll want to take a look at structuring your business as a partnership. Partnerships come in two varieties: general partnerships and limited partnerships. In a general partnership, the partners manage the company and assume responsibility for the partnership's debts and other obligations. A limited partnership has both general and limited partners. The general partners own and operate the business and assume liability for the partnership, while the limited partners serve as investors only; they have no control over the company and are not subject to the same liabilities as the general partners.
Unless you expect to have many passive investors, limited partnerships are generally not the best choice for a new business because of all the required filings and administrative complexities. If you have two or more partners who want to be actively involved, a general partnership would be much easier to form.
One of the major advantages of a partnership is the tax treatment it enjoys. A partnership does not pay tax on its income but "passes through" any profits or losses to the individual partners. At tax time, the partnership must file a tax return (Form 1065) that reports its income and loss to the IRS. In addition, each partner reports his or her share of income and loss on Schedule K-1 of Form 1065.
Personal liability is a major concern if you use a general partnership to structure your business. Like sole proprietors, general partners are personally liable for the partnership's obligations and debts. Each general partner can act on behalf of the partnership, take out loans and make decisions that will affect and be binding on all the partners (if the partnership agreement permits). Keep in mind that partnerships are also more expensive to establish than sole proprietorships because they require more legal and accounting services.
The other portion is in the next post
As for what state is best to incorporate in, it really depends on what type of business you're trying to build. Please PM me and I may be able to assist you.
Motivation
For motivation give these books a read:
Rich Dad, Poor Dad by Robert Kiyosaki
![51M2U9IfmTL.jpg]()
Think & Grow Rich by Napoleon Hill
![Think-and-Grow-Rich.jpg]()
@pralims
@traestar
@black caesar
@MarcusGarvey
@kontakz
@BigBallsNoWorries
@YunnSanco
@KingSimba
Feel free to post if yall can contribute, anything is plenty.
Anything that has to do with even supplying apps or anything for that matter that can help someone, anybody, somewhere do something easier or better will be greatly appreciated.
To kick things off I have put the topics in spoilers to make the O/P organized and easier to browse for mobile users.
Business Entity/Legal Structures
Sole Proprietorship
The simplest structure is the sole proprietorship, which usually involves just one individual who owns and operates the enterprise. If you intend to work alone, this structure may be the way to go. The tax aspects of a sole proprietorship are appealing because the expenses and your income from the business are included on your personal income tax return, Form 1040. Your profits and losses are recorded on a form called Schedule C, which is filed with your 1040. The "bottom-line amount" from Schedule C is then transferred to your personal tax return. This is especially attractive because business losses you suffer may offset the income you have earned from your other sources.
As a sole proprietor, you must also file a Schedule SE with Form 1040. You use Schedule SE to calculate how much self-employment tax you owe. In addition to paying annual self-employment taxes, you must make estimated tax payments if you expect to owe at least $1,000 in federal taxes for the year after deducting your withholding and credits, and your withholding will be less than the smaller of:
1) 90 percent of the tax to be shown on your current year tax return or
2) 100 percent of your previous year's tax liability.
The federal government permits you to pay estimated taxes in four equal amounts throughout the year on the 15th of April, June, September and January. With a sole proprietorship, your business earnings are taxed only once, unlike other business structures. Another big plus is that you will have complete control over your business--you make all the decisions. There are a few disadvantages to consider, however. Selecting the sole proprietorship business structure means you are personally responsible for your company's liabilities. As a result, you are placing your assets at risk, and they could be seized to satisfy a business debt or a legal claim filed against you.Raising money for a sole proprietorship can also be difficult. Banks and other financing sources may be reluctant to make business loans to sole proprietorships. In most cases, you will have to depend on your financing sources, such as savings,
home equity or family loans.
Partnership
If your business will be owned and operated by several individuals, you'll want to take a look at structuring your business as a partnership. Partnerships come in two varieties: general partnerships and limited partnerships. In a general partnership, the partners manage the company and assume responsibility for the partnership's debts and other obligations. A limited partnership has both general and limited partners. The general partners own and operate the business and assume liability for the partnership, while the limited partners serve as investors only; they have no control over the company and are not subject to the same liabilities as the general partners.
Unless you expect to have many passive investors, limited partnerships are generally not the best choice for a new business because of all the required filings and administrative complexities. If you have two or more partners who want to be actively involved, a general partnership would be much easier to form.
One of the major advantages of a partnership is the tax treatment it enjoys. A partnership does not pay tax on its income but "passes through" any profits or losses to the individual partners. At tax time, the partnership must file a tax return (Form 1065) that reports its income and loss to the IRS. In addition, each partner reports his or her share of income and loss on Schedule K-1 of Form 1065.
Personal liability is a major concern if you use a general partnership to structure your business. Like sole proprietors, general partners are personally liable for the partnership's obligations and debts. Each general partner can act on behalf of the partnership, take out loans and make decisions that will affect and be binding on all the partners (if the partnership agreement permits). Keep in mind that partnerships are also more expensive to establish than sole proprietorships because they require more legal and accounting services.
The other portion is in the next post
As for what state is best to incorporate in, it really depends on what type of business you're trying to build. Please PM me and I may be able to assist you.
Motivation
For motivation give these books a read:
Rich Dad, Poor Dad by Robert Kiyosaki
Think & Grow Rich by Napoleon Hill
@pralims
@traestar
@black caesar
@MarcusGarvey
@kontakz
@BigBallsNoWorries
@YunnSanco
@KingSimba
Feel free to post if yall can contribute, anything is plenty.
↧
More Pages to Explore .....
