TER General Board

Are they also intoxicated with LLC's?
scazdude 29 Reviews 2366 reads
posted
1 / 44

I was looking through some provider ads (can't remember which cities) and saw a few that stated donations could be provided through CC, not just cash.  These were independent ladies and not agencies.  Wondering what others think of using credit cards, paypal, etc for the hobby.

SinCitySinner 67 Reviews 651 reads
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3 / 44
scazdude 29 Reviews 717 reads
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4 / 44
harborview 10 Reviews 866 reads
posted
5 / 44

especially if you are married...    
PayPal will lock an account with suspected illegal activity & the holder may never get the funds.  Credit card charges can be disputed & reversed when the wife or boss demands to know what these charges are.  
Cash is King!

MasterZen 34 Reviews 562 reads
posted
6 / 44
carndakine 11 Reviews 878 reads
posted
8 / 44

Woah - why would you deduct it as a business expense.  Auditors would have a field day with that!

scazdude 29 Reviews 737 reads
posted
9 / 44

I'm definitely a cash kind of guy.  It does make it easier and less complicated during the first few minutes of the date.  Plus no paper trail.

That's why I thought it was odd some allowed credit to be used.

The-Sage-of-Hobbying 629 reads
posted
10 / 44

I've used those. Buy them with no paper trail, and they take up less room if you get the gold ones.

Dr Who revived 910 reads
posted
11 / 44

A single member LLC is the same as being a sole proprietor.  Why point out that you pay taxes using an LLC?

I'm sure you want to let us know that you're a good citizen.

You're still a hoot. LOL
Posted By: JuliasLilSecret
if I can accept credit cards (and checks) so they can deduct the transaction as a business expense.  And while I do have an LLC that I file taxes under, I am all about anonymity and don't want any kind of a paper trail leading to my business for any reason.  
   
 Cash is king.  ;)

HerePussyPussy 942 reads
posted
12 / 44

put your cash in an envelope and your cock in a condom.

impposter 49 Reviews 781 reads
posted
13 / 44

There's someone who tours to NY (from PA) who will accept specie. Her website says,  


i am also accepting gold & silver in lieu of federal reserve notes. you may pay exclusively in silver, or *established friends* may mix-and-match precious metals with cash (i also accept gold) -- contact me privately for such an arrangement.

a couple of notes: PLEASE bear in mind that these rates are subject to fluctuate. these are accurate as of 11/12/13. also, please make sure you mention using silver or gold when contacting me.

1 hr ~ 14 oz of silver
1.5 hrs ~ 20 oz of silver
2 hrs ~ 25 oz. of silver
3 hours ~ 1/2 oz. of gold + 5 oz silver
4 hours ~ 1/2 oz. of gold + 10 oz. silver
12-16 hours (overnight)~ 1 oz. of gold
I vaguely remember that she accepts pre-1965 (pre-copper nickel) US coins (dimes, quarters) that are pure silver at "silver value" not face value.  Boy, counting dimes could sure cut into the hour

AnotherDonJohn 660 reads
posted
15 / 44

Maybe she's employing her twin porn star through the llc with an ein number.  

What liability are you protecting from?

An std? He could probably still sue you as a person in that case. Lol.

AnotherDonJohn 610 reads
posted
16 / 44
Jamie.Solo See my TER Reviews 606 reads
posted
18 / 44

I want to preface this with I only read the OP and then responded.  

I personally know that most of the forms of payment that easily allow you to accept credit cards, also come with many risks for providers. If you dispute the charge, the funds are often frozen. Possibly including other funds in your account if they believe that you are a suspicious vendor. This is my main reason for not openly accepting CC. Thus far, the only means of doing so that I have found - that also protect my identity - is if I decide to accept a gift card at the meeting. Or green dot before the meeting. Other than that I have yet to find a way to process payments other than cash.  

For me, cash is king.

AnotherDonJohn 632 reads
posted
19 / 44
macdaddy1944 51 Reviews 662 reads
posted
20 / 44

listen to our man..AnotherDonJohn..this guy really knows his shit..in fact he is shit.

AnotherDonJohn 736 reads
posted
21 / 44

I humbly withdraw. The rest is between you and ter.  

Although I'm happy to turn over my research.

With the ire I incurred, good thing I have no interest in your white list or GLS inner circ.

Best to you though.

-- Modified on 1/21/2014 11:37:23 AM

HooktardGold 734 reads
posted
22 / 44

I was always told that a sole proprietor pays more taxes (around 38 percent in La.) and having an LLC saves you on that percentage, which is why most of us (even single members) do the LLC route. I know nothing about taxes obviously, so I am merely asking if this advice given to me, is true? I've never done the SP route to know if it made a difference. Can't you have a silent partner with the LLC, or would that automatically put you in the "Partnership" bracket?  

I got a business license (mailed in, and mailed back out with a M.O.)  had my CPA file quarterly taxes for me, and he put me as an LLC. Should I be kicking his ass or thanking him? He said no one would know that I was the only person in the LLC, because another name was added to it, though that person never got a cut or had anything to do with my business.  

Also, my business license is NOT for anything even remotely related to escort services... it was food service. I never had a Business License for this, except when I ran an agency and it was listed under "Personal Services." We took credit cards back then, but had to pay taxes on every dime that came through that way. It's much easier to have one of you guys do this stuff to be honest, because even though you have to learn this crap in school, I have yet to retain even half of it, being I do not work in that field.

-- Modified on 1/21/2014 12:40:31 PM

Dr Who revived 766 reads
posted
23 / 44

Sorry to disappoint you HtG...but I suspect that you are missing some pertinent info in your post.  The taxation for an LLC (single member) is identical to that of filing as a sole proprietor.  If there is another member of the LLC then you would indeed have a Partnership return filed...yet the income flows through to your personal return having the same net effect as that of a sole proprietor.

I don't know what a silent partner is supposed to be in your case.  Either they're an active member or not.  

So I would ask your CPA for a clarification on what (s)he is trying to accomplish...or you're trying to accomplish.  

In either case your misnomer in thinking there is some magical tax savings using an LLC is pure folly.  However there are some CPA professionals out there that don't know what the fuck they're doing.  Perhaps you might want to ask a local CPA to review your return(s)?  Come to think of it...they don't have to be local  LOL
Posted By: HooktardGold
I was always told that a sole proprietor pays more taxes (around 38 percent in La.) and having an LLC saves you on that percentage, which is why most of us (even single members) do the LLC route. I know nothing about taxes obviously, so I am merely asking if this advice given to me, is true? I've never done the SP route to know if it made a difference. Can't you have a silent partner with the LLC, or would that automatically put you in the "Partnership" bracket?  
   
 I got a business license (mailed in, and mailed back out with a M.O.)  had my CPA file quarterly taxes for me, and he put me as an LLC. Should I be kicking his ass or thanking him? He said no one would know that I was the only person in the LLC, because another name was added to it, though that person never got a cut or had anything to do with my business.

HooktardGold 637 reads
posted
24 / 44

Ok, thanks. That's exactly the info I wanted to know. So then, why would anyone go the LLC route if you are not taxed less than an SP? This is what I don't get, and what I was told. I was always told you saved more on taxes if you were an LLC... hell, it's even in my Microeconomics book.  

All I really know is it's done through a 1040, schedule C. and I really don't get wtf that is lol.

-- Modified on 1/21/2014 1:01:11 PM

AnotherDonJohn 575 reads
posted
25 / 44
Dr Who revived 745 reads
posted
26 / 44

When an entity creates an LLC the partners receive a K-1 from the LLC Partnership.  It's simply a line item that would appear on Schedule E of the individual's tax return.

The inherent benefit is to limit liability of the partners.  However in a personal service business that is rarely a use for an LLC as the limitation on liability will be attacked.  However when that entity is using the LLC shell to engage in contracts then the limits of personal liability is useful.

In this business you are in...it offers NO protection...as in NONE.

If you can show me where an LLC will save you personal income tax dollars...I am all ears.  
Posted By: HooktardGold
Ok, thanks. That's exactly the info I wanted to know. So then, why would anyone go the LLC route if you are not taxed less than an SP? This is what I don't get, and what I was told. I was always told you saved more on taxes if you were an LLC... hell, it's even in my Microeconomics book.

HooktardGold 610 reads
posted
27 / 44

It's more to do with liability (hence the Liability term in an LLC) than with tax purposes, but I can promise you, this shit is in one of my undergrad books. We had to list them out and define each in regards to liability and taxes, so I may have just gotten them mixed up. Again, this is why I am not and never will work in Finance or Accounting ha ha. Marketing and Health Care are more my thing.  

FYI, I was in now way under the impression that having an LLC for a hooker venture would protect one from anything.  

-- Modified on 1/21/2014 1:12:07 PM

GaGambler 754 reads
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28 / 44
AnotherDonJohn 577 reads
posted
29 / 44


END OF MESSAGE

HooktardGold 641 reads
posted
30 / 44

I had to 'clean up' a few areas of my financial transactions before going back to the RW if you know what I mean. Going to pay in Feb. with a M.O.

macdaddy1944 51 Reviews 811 reads
posted
31 / 44

same to you my friend..i humbly await your research..TER admin will be very interested in your findings..if you ever had any..peace and love..make sure you send them your secret list..

Posted By: AnotherDonJohn
I humbly withdraw. The rest is between you and ter.  
   
 Although I'm happy to turn over my research.  
   
 With the ire I incurred, good thing I have no interest in your white list or GLS inner circ.  
   
 Best to you though.

-- Modified on 1/21/2014 11:37:23 AM

bb1976 11 Reviews 663 reads
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32 / 44
Dr Who revived 741 reads
posted
33 / 44

File some problem reports...worth 2 VIP days for each approved PR.

You should have NO problem getting a years worth doing that...easy peasy  LOL
Posted By: HooktardGold
I had to 'clean up' a few areas of my financial transactions before going back to the RW if you know what I mean. Going to pay in Feb. with a M.O.

captain7 600 reads
posted
34 / 44
www69 8 Reviews 764 reads
posted
35 / 44

Good explanation of the tax treatment and liability... in addition, conducting business as a SP saves the initial and annual filing fees required in most states for an LLC or other business entity.

Dr Who revived 539 reads
posted
36 / 44

I put enough up over the years...and HooktardGold is NOT a reviewer  LO

lov3lyon3 See my TER Reviews 767 reads
posted
37 / 44

I thought about it a few times considering how easy technology makes accepting CC payments threw the square reader app available.  
Althought, I really can't afford the paper trail to be exposed

 

PerfectStorm I love that picture you inserted. Great Lol!

Dave76015 38 Reviews 679 reads
posted
38 / 44
theninth 8 Reviews 713 reads
posted
39 / 44

Paypal as they can freeze your account if they find out

Dr Who revived 628 reads
posted
40 / 44

Guess what sweetie...an LLC can't be on some dudes payroll  LOL

And what kind of mess would being on a payroll cause?  Seems that would be a much more effective way of reporting income...and maybe you'd also qualify for the Company benefits  LOL

You're still a hoot  ;)
Posted By: JuliasLilSecret
and I do know a couple of ladies who are on a company's "payroll."  Never me, though...I don't want any part of that kind of mess!  ;)  LOL

WickedBrut 27 Reviews 714 reads
posted
42 / 44

Business as in wining & dining & such a client? I think you could maybe feel okay with that. In my case, I suppose I would consider calling it a medical expense. Beats a shrink, or chiropractor, or sometimes GOF painkillers-- sometimes, and almost always leaves me feeling much better than before I knocked on the door.

Still, I think most providers like cash. Besides, trading shaky American currency for good, pure pleasure always makes me feel like I'm putting one over on the corrupt capitalistic system. Nor that politics as anything to with it  Again I digress. Why do I do that? Sometimes have that same problem in sessions. Need to be taken in hand (intended).

Crisis25 520 reads
posted
43 / 44

Should I visit her part of the country I have to see her on general principle.

AnotherDonJohn 1203 reads
posted
44 / 44

I had to flag a suspicious "consultant" expense by an exec I didn't want to get fired.
Big respectable firm.
Even involved his assistant in the paper trail.

Quietly paid back the money with interest and resigned.  

He had the money too... Dumbass.

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