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" ... Accepting that you've already got two strikes against you, it's imperative that you do what you can to win those other factors you can control. Conduct your business like a business; in other words, spend as much time keeping books and records as you do extoling the virtues of your once-in-a-lifetime opportunity on social media. Keep a detailed log of what you've purchased, and further bifurcate those items between those used in the business and those used for personal purposes. Show the IRS that you're taking this seriously, and not using it as a tax-shelter that happens to remove wrinkles. ... "
" ... Rochlani's son Klushal had other ideas, however. Perhaps motivated by one too many satellite radio commercials extoling the virtues of limited legal liability, Klushal went online and incorporated Ultimate Presales in the state of Michigan. Without telling his father. ... "