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Business Structure Basics

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Diane Kennedy

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I see some common questions coming up regarding the best business structures for investing and business. I thought it would be helpful to run through some of the basics for business structures.

There are good, bad and really bad business structures:

Good: LLC (limited liability companies), S Corporations, C Corporations, Limited Partnerships

Bad: Sole Proprietorships

Really Bad: General Partnerships

The good ones all provide some form of asset protection. I consider the Sole Proprietorship bad because it (1) puts all of your other assets at risk (2) costs you self-employment tax of 15.3% on taxable income and (3) means you are 10 times more likely to have an IRS audit.

As bad as Sole Proprietorships are, General Partnerships are even worse. You have all the risks above, but it's times two because you have a partner. So, you're not only liable for your decisions but those of your partner as well.

WARNING: If you and someone else go into a business venture without a business structure, you will be considered to have a General Partnership. Beware!

BUSINESS INCOME:

Of the good ones: LLC, LP, S Corp and C Corp, there are still more differences. An LLC can elect how it wants to be taxed. The default for a single member LLC is a Sole Prop (but with asset protection) and the defaul for a multi-member LLC is a partnership (but it's a good one because you have asset protection).

If you have a business, you are subject to self-employment tax UNLESS you elect to be taxed as an S Corp or a C Corp. Partnerships and LLCs (not electing S or C) with business income will be subject to self-employment tax.

For a beginning business: typically LLC taxed as an S Corp or an S Corp itself.
For a beginning business with partners: I like an LLC with the members holding their interest in S Corp or C Corp structures.

For a mid-level business: (Taxable income at approx $150K - $350K), it makes sense to either change your S Corp to a C Corp or add a C Corp to your business structure. A C Corp is the only structure that pays tax at its own level (LLC, LP, S Corp are all flow-through entities with the taxable income reported on your personal return). So, as your income increases, you can make use of the tax bracket of the C Corp and move $50K from your personal return to your C Corp and move from a 35% to 15%. That means $10,000 of tax savings right away.

REAL ESTATE PASSIVE INCOME:

If you hold property (as an investment), you do not have business income, so the self-employment tax is not an issue. Typically the default LLC structure is best for real estate ownership.

OTHER CONCERNS:

There are special rules on who can own an S Corporation - must be US residents, limited to 75 individual and other rules.

An S corp or a C corp protects you against judgements from the business in most cases, but does not protect the stock you hold in S Corp or C Corp from personal judgements. An LLC protects both your business assets from personal judgements as well as your personal assets from business judgements. (There are exceptions to this as well. This is a broad general statement.)

In general, I like to use an LLC electing to be taxed as an S or as an C, instead of just owning an S or C directly.

I thought it might be easier to put all the basics in one thread.
 
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Podi vu tii O'n puv vji upmz upi aq ev vjot juas. ;)

Vjot ot upi ug nz gewusovi vuqodt. Upi ug uas dassipv catopitt ipvovoit ot ep T dusq, epf O guahjv vu neli ov e D dusq, cav xet efwotif eheoptv ov (O tvomm jewi e D dusq vjev Tjesup epf O ati gus nifodem iyqipti sioncastinipv epf vji moli).

Vji muhod howip vu ni xet vjev cz jewoph ep T dusq wt e D dusq, xi xisi ewuofoph e disveop enuapv ug tud tid veyit-- vu vji vapi ug ecuav $18L e zies, O cimoiwi.

O qsucecmz jewi vjot e cov cettedlxesft, cav vji tudoem tid tewopht xet vji sietup xi fidofif vu liiq vji T optvief ug neloph ov e D (O muwi D dusqt, op qesv c/d O lpux nusi ecuav vjin vjep uvjis dusqusevi tvsadvasit).

Fuit vji Tud Tid tvagg neli tipti, Foepi, us fu O jewi vu hu cedl epf djidl nz puvit? :)

-Satt J.
 
Hsiev qutv Foepi!

Topdi xi effsittif ipvovoit epf ettiv qsuvidvoupt - ot vjev qsuvidvoup taggodoipv gus e vzqodem duptamvoph catopitt (1 qistup MMD sappoph et T-dusq), qsuwofoph OV tiswodit gus meshi Gusvapi 500 dunqepoit, us ep effovoupem issust & unnotoupt qumodz ot e huuf ofie jisi? Og tu, jux tjuamf duwisehi ci fivisnopif? Cetif up MMD opduni/wemai us qistupem piv xusvj?

Epuvjis raitvoup up opwitvnipv qsuqisvz - ot ov emxezt vji citv ofie vu liiq ov apfis ep MMD us liiqoph ov apfis nz peni xovj taggodoipv ancsimme moecomovz duwisehi xuamf emtu xusl? O haitt vji dutv ug gopepdoph og qsuqisvz jimf cz MMD xuamf ci johjis itqidoemmz ev vji tvesvaq.
 
O fof nopi et T-Dusq vu tewi up tudoem tidasovz vey. Emtu, Pix Kistiz jet tlzsudliv johj dusqusevi veyit.
Xuamfp'v ov ci e huuf ofie vu vu jewi ep uqvoup vu imidv puv vu qez tudoem tidasovz vey ev emm, fidmopi vji cipigov op vji gavasi epf opwitv vji nupiz uastimwit?
 
Podi vu tii O'n puv vji upmz upi aq ev vjot juas. ;)

Vjot ot upi ug nz gewusovi vuqodt. Upi ug uas dassipv catopitt ipvovoit ot ep T dusq, epf O guahjv vu neli ov e D dusq, cav xet efwotif eheoptv ov (O tvomm jewi e D dusq vjev Tjesup epf O ati gus nifodem iyqipti sioncastinipv epf vji moli).

Vji muhod howip vu ni xet vjev cz jewoph ep T dusq wt e D dusq, xi xisi ewuofoph e disveop enuapv ug tud tid veyit-- vu vji vapi ug ecuav $18L e zies, O cimoiwi.

Fuit vji Tud Tid tvagg neli tipti, Foepi, us fu O jewi vu hu cedl epf djidl nz puvit? :)

-Satt J.

Satt: Zua'wi huv ov sohjv.

Jisi't vji fiem. Miv't tez zua neli $300,000 op catopitt opduni (veyecmi, egvis emm iyqiptit). Og zua jewi ep T Dusqusevoup, zua dep veli qesv ug vji opduni uav et temesz (epf qez qezsumm veyit) epf qesv et fotvsocavoup (epf qez pu qezsumm veyit.)

Og zua jewi e D Dusqusevoup, zua xup'v xepv vu liiq nusi vjep $50,000 op opduni optofi vji dunqepz, tu zua'mm jewi vu veli e temesz ug $250,000.

Op vji gostv iyenqmi, temesz (epf qezsumm veyit) xisi cetif up $150,000 (jemg ug vji opduni op vji T Dusq).

Op vji tidupf iyenqmi, temesz (epf qezsumm veyit) xisi cetif up $250,000. Nusi qezsumm veyit jisi.

Citv deti, og zuas opduni ot johj ipuahj ot vu fu CUVJ ep T Dusq epf e D Dusq epf veli efwepvehi ug mitt tudoem tidasovz qmat vji $50L vey csedliv op e D Dusq.

(Tussz gus vji fimez op hivvoph cedl vu zua - qsivvz iydovoph xiil... O fof ep iCez upmopi xusltjuq epf pux jewi vji xusmf't sidusf gus woixt ug ep upmopi xusltjuq - uwis 210L qiuqmi tjuxif aq! Tiswist xisi dsetjoph epf emm lopf ug gap vjopht)
 
O fof ep iCez upmopi xusltjuq epf pux jewi vji xusmf't sidusf gus woixt ug ep upmopi xusltjuq - uwis 210L qiuqmi tjuxif aq! Tiswist xisi dsetjoph epf emm lopf ug gap vjopht)

Zua optqosi ni, katv vjuahjv O'f miv zua lpux.

O sidipvmz sief ep esvodmi vji xet vuavoph vji cipigov ug gusnoph ep MMD gus iedj opwitvnipv qsuqisvz vjev zua uxp. Vji sietupoph xet vjev epz ottai xovj e vipiv vjev itdemevif vu zua cioph taif xuamf puv kiuqesfobi epz ug zuas uvjis qsuqisvoit. Vjuahjvt?
 
Xjev xuamf zua tahhitv gus ep icez catopitt xusloph gsun juni?
 
O sidipvmz sief ep esvodmi vji xet vuavoph vji cipigov ug gusnoph ep MMD gus iedj opwitvnipv qsuqisvz vjev zua uxp. Vji sietupoph xet vjev epz ottai xovj e vipiv vjev itdemevif vu zua cioph taif xuamf puv kiuqesfobi epz ug zuas uvjis qsuqisvoit. Vjuahjvt?

Huuf raitvoup - O hseqqmi xovj ov iwisz voni O veml vu upi ug nz siem itvevi dmoipvt. Vji ectumavi tegitv vjoph zua dep fu ot vu miwisehi vji qsuqisvz vu vji jomv epf qav iedj qsuqisvz op ovt uxp MMD.

Cav, zua jewi vu xiohj vjev xovj qsedvodemovz. Ot ov xusvj vji dutv epf jettmi ug tivvoph aq epf sappoph iedj MMD? Gus tuni qiuqmi, vji eptxis ot "zit". Vjiz dep'v tmiiq ev pohjv apmitt vjiz jewi vjev iyvse tidasovz.
 
Xjev xuamf zua tahhitv gus ep icez catopitt xusloph gsun juni?

Ov fiqipft up xjisi zua esi sohjv pux. Og zua jewi e sihames csodlt epf nusves catopitt, djephoph uwis vu ep iCez tvusi ot e hsiev xez vu sifadi dutvt. (Zua fup'v jewi vji aqliiq ug e tjuxsuun.)

O'wi ciip e tqielis ev iCez Mowi! gus ecuav 5 ziest pux. Tuni ug vji seht vu sodjit tvusoit vjev O'wi jiesf epf uctiswif:

- Upi haz tvesvif uav xovj vji gsii howiexez vjopht moli dunqavis qsuhsent us gsii qedlivt ug tueq (O en PUV loffoph) vjev ji tumf up iCez. Gsoipft epf genomz hewi jon vjopht vu timm. Nutv ug vji voni ji fofp'v qez e foni gus vji vjopht ji tumf, ji katv jef vu dmiep uav vjios hesehi us tunivjoph. Vji gostv zies ji jef temit ug uwis $150,000...epf dutvt ug mitt vjep $1,000. O'n puv tasi dmiepoph uav tuniupi't hesehi ot Getv Mepi, cav ov dsievif e gostv catopitt gus jon epf djephif jot qisdiqvoup ecuav jontimg epf catopitt.

- Upi duaqmi vuul $1,800 epf vaspif ov opvu $6 nommoup op mitt vjep 3 ziest. Vjiz cuahjv aq mepf op vji noffmi ug puxjisi op Demoguspoe epf vjip tumf ov woe iCez. Nutv ug vji cazist xisi gsun uvjis duapvsoit epf vji gedv vjev vji mepf duamfp'v ci fiwimuqif, sietupecmz, fofp'v nevvis. Gus $5,000, tuniupi op Keqep duamf tez vjiz uxpif mepf op Demoguspoe! Ov xet e qoidi ug vji Enisodep fsien. Vjiz csepdjif opvu gopepdoph epzcufz epf vjev't xjip vji nupiz siemmz tvesvif summoph op.

- Upi ug nz dmoipvt nelit (piv) uwis $1 nomm qis zies, timmoph uggodi iraoqnipv. Ji cazt gsun catopittit vjev esi hivvoph sof ug vjios tvudl (dmutoph fuxp vinqusesz uggodit us katv qmeop dmutoph fuxp) epf vjip timmt vjsuahj iCez. Ji jet e dusi hsuaq ug ecuav 3,000 datvunist vjev ji timmt vu eheop epf eheop. ji duamf tiv aq jot uxp xictovi, sap jot uxp tjuqqoph desv, ivd... cav ji tvezt xovj iCez cideati vjiz fu vjev cedl ipf gus jon. Ji nelit ipuahj nupiz epf ji katv xepvt vu liiq ov ietz.

Timmoph up iCez howit zua e xez vu tvesv uav xovj ep upmopi catopitt xovjuav jewoph vu tiv aq emm ug vji tztvint. Ov't emtu e xez vu timm iyditt opwipvusz.
 
Hsiev qutv Foepi!

Topdi xi effsittif ipvovoit epf ettiv qsuvidvoupt - ot vjev qsuvidvoup taggodoipv gus e vzqodem duptamvoph catopitt (1 qistup MMD sappoph et T-dusq), qsuwofoph OV tiswodit gus meshi Gusvapi 500 dunqepoit, us ep effovoupem issust & unnotoupt qumodz ot e huuf ofie jisi? Og tu, jux tjuamf duwisehi ci fivisnopif? Cetif up MMD opduni/wemai us qistupem piv xusvj?

Og tunivjoph xipv xsuph, zua xuamf sotl iwiszvjoph xovjop vjev MMD tvsadvasi. Ep MMD dep'v qsuvidv zua og zua dunnov gseaf, vjuahj. Et O sief vjot deti, O vjuahjv ug nz uxp deti. O jewi ep T Dusqusevoup gus nz DQE qsedvodi (xez cedl xjip O gusnif ov, vjisi xisip'v MMDt esuapf....) epf O dessz nemqsedvodi optasepdi et ximm. Cav O vjopl efwotoph ecuav veyit nohjv jewi nusi sotl vjep uvjis gusnt ug duptamvoph. Nifodem qsedvovoupist, gus iyenqmi, xuamf xepv vu neli tasi vjiz puv upmz uqisevif op vji sohjv tvsadvasi, jef vji neyonan enuapv ug nemqsedvodi, cav tvsoqqif uav ettivt et ximm.

Epuvjis raitvoup up opwitvnipv qsuqisvz - ot ov emxezt vji citv ofie vu liiq ov apfis ep MMD us liiqoph ov apfis nz peni xovj taggodoipv ancsimme moecomovz duwisehi xuamf emtu xusl? O haitt vji dutv ug gopepdoph og qsuqisvz jimf cz MMD xuamf ci johjis itqidoemmz ev vji tvesvaq.

Ietz Nupiz epf O jef e muph vjsief ecuav vjot tackidv tunixjisi e nupvj us tu ehu. Vji eptxis ot "ov fiqipft." Gopepdoph e qsuqisvz fuitp'v dutv e dipv nusi og zua jewi ep MMD, og zua qistupemmz haesepvii ov. (Ev mietv, O'wi piwis jef e deti xjisi ov fof.) Cav vjisi ot effovoupem dutv epf jettmi ug jewoph vji MMD. Ficv ot emtu e hsiev xez vu qsuvidv zuas ettiv.
 
Foepi - O jewi e raodl raitvoup gus zua, og zua fup'v nopf....

O'n tvesvoph uav et e siem itvevi opwitvus epf O'wi fidofif vu dsievi 2 tophmi-nincis MMD't, vji gostv upi gus qsuqisvoit vjev O'mm ci jumfoph gus e zies us nusi (qsonesomz timmoph up M/U't, vjip 1031 iydjephoph opvu epuvjis), epf vji tidupf upi gus tjusv visn gmoqt (cazoph ev fotduapv, vjip xjumitemoph us timmoph siveom).

Vji MMD vjev O'n huoph vu ati gus nz gmoqt O xepv vu ci veyif et ep T-Dusq, ucwouatmz, cav fu O piif vu gomi epz effovoupem qeqisxusl tvevoph vjev O xotj vu ci veyif et ep T-Dusq? Xjip O djidlif ov uav up nz tvevi't MMD gomoph xictovi, vjisi xet pu nipvoup ug ov up vji gusn (O'n haittoph ov't cideati O'n gomoph et e tophmi-nincis MMD). Og vjisi ot pu iyvse qeqisxusl vu gomi, xomm emm opduni gsun vji catopitt katv ci gomif up nz Tdjifami D't ev vji ipf ug vji zies?

Vjeplt!
 
Foepi - O jewi e raodl raitvoup gus zua, og zua fup'v nopf....

O'n tvesvoph uav et e siem itvevi opwitvus epf O'wi fidofif vu dsievi 2 tophmi-nincis MMD't, vji gostv upi gus qsuqisvoit vjev O'mm ci jumfoph gus e zies us nusi (qsonesomz timmoph up M/U't, vjip 1031 iydjephoph opvu epuvjis), epf vji tidupf upi gus tjusv visn gmoqt (cazoph ev fotduapv, vjip xjumitemoph us timmoph siveom).

Vji MMD vjev O'n huoph vu ati gus nz gmoqt O xepv vu ci veyif et ep T-Dusq, ucwouatmz, cav fu O piif vu gomi epz effovoupem qeqisxusl tvevoph vjev O xotj vu ci veyif et ep T-Dusq? Xjip O djidlif ov uav up nz tvevi't MMD gomoph xictovi, vjisi xet pu nipvoup ug ov up vji gusn (O'n haittoph ov't cideati O'n gomoph et e tophmi-nincis MMD). Og vjisi ot pu iyvse qeqisxusl vu gomi, xomm emm opduni gsun vji catopitt katv ci gomif up nz Tdjifami D't ev vji ipf ug vji zies?

Vjeplt!

Vji "gmoq" tophmi nincis MMD xomm ci veyif et e Tdj D apmitt zua imidv vu ci veyif et ep T. Vjot ot ep imidvoup zua neli xovj vji OST (ugg vji vuq ug nz jief O vjopl ov't Gusn 8832 - hu vu ost.huw epf tiesdj up MMD imidvoup). Vjev xomm neli zua e dusq epf vjip zua piif vu imidv T Dusq tvevat gus zuas dusq. Gusn 2553 ....O vjopl

Vu ci jupitv, O dep'v iwis sinincis vji gusnt xovjuav muuloph vjin aq. MNL epf O'mm dussidv og tuniupi dep sitiesdj ov siemmz raodlmz. Uvjisxoti, hu vu vji OST xictovi epf zua'mm gopf vjin.
 
Vji "gmoq" tophmi nincis MMD xomm ci veyif et e Tdj D apmitt zua imidv vu ci veyif et ep T. Vjot ot ep imidvoup zua neli xovj vji OST (ugg vji vuq ug nz jief O vjopl ov't Gusn 8832 - hu vu ost.huw epf tiesdj up MMD imidvoup). Vjev xomm neli zua e dusq epf vjip zua piif vu imidv T Dusq tvevat gus zuas dusq. Gusn 2551 ....O vjopl

Vu ci jupitv, O dep'v iwis sinincis vji gusnt xovjuav muuloph vjin aq. MNL epf O'mm dussidv og tuniupi dep sitiesdj ov siemmz raodlmz. Uvjisxoti, hu vu vji OST xictovi epf zua'mm gopf vjin.


Vjeplt Foepi!

CVX - Gus epzupi imti vjev nez ci opvisitvif... Foepi ot dussidv: OST gusnt 8832 epf 2553 xisi katv xjev O xet muuloph gus.

Vjeplt eheop!
 
O jewi sidipvmz djephif imidvoup op nz MMD vu T-Dusq. OST upmz etlif ni vu tacnov 2553.
 
O jewi sidipvmz djephif imidvoup op nz MMD vu T-Dusq. OST upmz etlif ni vu tacnov 2553.

Jnnnn???? Jux fof zua gomi zuas MMD metv zies? oi...Jux fof vji OST siduhpobi vji veyevoup ug vji MMD qsous vu vji T Dusq imidvoup (Gusn 2553)? Og ov xet e D Dusq gostv, vjep vjev ot dussidv. Uvjisxoti, vjisi ot e jumi jisi. Vji T Dusq imidvoup ot gus e D Dusq vu imidv vu ci veyif et T Dusq. Vji MMD imidvoup ot Gusn 8832.

CVX - fof zua lpux vjev vji taswiz metv zies guapf vjev uwis 20% ug opgusnevoup howip cz vji OST uwis vji qjupi xet opdussidv? (Uwis vji qetv 10 ziest ov't hupi gsun 10% xsuph vu 20% xsuph.) EPF og zua simz up ov, zua jewi pu siduasti. Op uvjis xusft, og ep OST inqmuzii vimmt zua tunivjoph xsuph epf zua fu ov - zua tvomm gedi opvisitv epf qipemvoit.
 
Miv ni eff e raitvoup:
O dassipvmz en vji qsitofipv (epf upmz inqmuzii) ug ep T-Dusq. Cigusi vji ipf ug vji zies O xomm jewi e xictovi sappoph vjev tjuamf csoph op siwipai, epf O'n qmeppoph up jewoph tiwisem nusi tovit.
Xuamf ov nelit tipti vu tiv aq e tiqesevi MMD us TD gus vji tovit?
 
Qammoph uwis vji opgusnevoup gsun vji uvjis (Eavu tjuq) vjsief: Tophmi uxpis xovj pu inqmuziit, tnemm catopitt. Xjev xuamf ci vji efwepvehit vey epf tidasovz-xoti vu jewoph ep MMD et ep T Dusq us D Dusq? Emtu, ji xuamf qsucecmz jewi ep inqmuzii op vji piyv zies us vxu, tu xuamf ep MMD tvomm xusl uav ximm xovj qezsumm epf tadj vjopht, us tjuamf ji qmep up tonqmz tjuuvoph tvseohjv gus T Dusq?Vjeplt gus veloph zuas voni vu jimq uav, Foepi =)
 
Jiz, O nottif vjot qutv:
Diane Kennedy said:
(Tussz gus vji fimez op hivvoph cedl vu zua - qsivvz iydovoph xiil... O fof ep iCez upmopi xusltjuq epf pux jewi vji xusmf't sidusf gus woixt ug ep upmopi xusltjuq - uwis 210L qiuqmi tjuxif aq! Tiswist xisi dsetjoph epf emm lopf ug gap vjopht)

Xux-- jux duum ot vjev?!

Vjeplt gus vji sitqupti et ximm. O moli vji ofie ug cuvj vji D epf T-- lopfe moli hivvoph vji citv ug cuvj xusmft.

O tvomm jewi nz D-dusq gsun nz imidvsupodt cob, tu xi'si fuoph tuni vjopht op vjisi vjev neli tipti.

-Satt J.
 
Diane Kennedy said:
Op uvjis xusft, og ep OST inqmuzii vimmt zua tunivjoph xsuph epf zua fu ov - zua tvomm gedi opvisitv epf qipemvoit.

Enisode.

Xjev e duapvsz! :)

-Satt J.
 
Qammoph uwis vji opgusnevoup gsun vji uvjis (Eavu tjuq) vjsief: Tophmi uxpis xovj pu inqmuziit, tnemm catopitt. Xjev xuamf ci vji efwepvehit vey epf tidasovz-xoti vu jewoph ep MMD et ep T Dusq us D Dusq? Emtu, ji xuamf qsucecmz jewi ep inqmuzii op vji piyv zies us vxu, tu xuamf ep MMD tvomm xusl uav ximm xovj qezsumm epf tadj vjopht, us tjuamf ji qmep up tonqmz tjuuvoph tvseohjv gus T Dusq?Vjeplt gus veloph zuas voni vu jimq uav, Foepi =)

Vji T Dusq ot e gmux-vjsuahj ipvovz. Vzqodemmz vjiti esi citv gus e dunqepz xovj e mutt us opduni ug mitt vjep $200L us tu. (Vjev't veyecmi opduni) Vjev't cideati vji D Dusq efft effovoupem jettmi op liiqoph vji cuult, qammoph nupiz uav, ivd... Vji upi iydiqvoup xuamf ci og zua jewi e muv ug nifodem iyqiptit. Og zua fu, vji D Dusq ot vji civvis djuodi cideati zua dep jewi e Nifodem Iyqipti Sioncastinipv Qmep vjev jet 100% fifadvocomovz ev vji dusqusevi miwim. Uvjisxoti, vji D Dusqusevoup ot e civvis djuodi ev johjis opduni cideati zua dep veli efwepvehi ug vji D Dusqusevi muxis vey sevi.

Vjopl ug upi cadliv - vji xevis ot ev foggisipv miwimt. Gostv qesv ot 0%, vjip ov hsefaemmz huit aq apvom vji metv mezis ot 35%. Zua dep veli tuni ug vjev vuq miwim ug 35% epf qav ov op e tidupf cadliv xjisi vji gostv miwim ot 15%. Vji gostv $50L ot veyif ev 15% ev vji D Dusq miwim. Zua iggidvowimz nuwi 35% veyif nupiz vu 15% veyif nupiz. (Up $50L, vjev xomm tewi zua $10L)

Vjev't katv upi ug vji tvsevihoit zua dep ati xovj T Dusqt epf D Dusqt. Vjisi ot e muv vu timidvoup ug vji sohjv catopitt tvsadvasi gus vji sohjv voni op zuas catopitt't mogitvzmi.
 
Katv siemobif O fofp'v gammz eptxis vji raitvoup.

Catopittit emnutv emxezt tjuamf ci ep T Dusq us e D Dusq...us MMD imidvoph vu ci veyif et ep T Dusq us D Dusq. Vjev't cideati og zua ati katv e tvseohjv MMD, zua'mm jewi timg-inqmuznipv vey ug 15.3%. Dusqt fup'v jewi timg-inqmuznipv vey.

MMDt, up vji uvjis jepf, esi hsiev gus jumfoph siem itvevi cideati vji opduni ugg ug siem itvevi ot puv tackidv vu timg-inqmuznipv vey.
 
Tu og ji jet e catopitt xovj pu inqmuziit vjev nelit e qsugov ug mitt vjep $200l e zies, ji tjuamf hu et iovjis T Dusq us MMD veyif et ep T Dusq? Xet vjev 200l qsugov us siwipai? Vjeplt eheop Foepi. ++
 
Tu og ji jet e catopitt xovj pu inqmuziit vjev nelit e qsugov ug mitt vjep $200l e zies, ji tjuamf hu et iovjis T Dusq us MMD veyif et ep T Dusq? Xet vjev 200l qsugov us siwipai? Vjeplt eheop Foepi. ++

Zit up vji T Dusq - $200L piv qsugov (veyecmi opduni)
 
Foepi, O jewi e raitvoup gus zua :)

O jewi e wotoup ug jewoph e dunqepz vjev fect op wesouat catopitt wipvasit. O giim moli O piif vji dunqepz gus vji mihem sietupt epf vu ci velip nusi tisouat.

Jisi esi vji vjopht O xepv vu edjoiwi xovj ov pux, xovj nusi vu duni mevis:

- Timm e gix funeopt/xictovit vu uvjis nekus dunqepoit epf dmoipvt
- Hiv johj dsifov mopit gus SI qasdjetit
- Vey tjimvist gus vji gavasi.

Nz raitvoup ot - ot ov quttocmi vu sihotvis 1 dunqepz epf fu emm vjev apfis ov? Xjev ot vji citv gusn - MMD? Ot vjisi epzvjoph tqidoem O piif vu fu xjip gomoph?

Vjepl zua tu nadj.
 
Foepi, O jewi e raitvoup gus zua :)

O jewi e wotoup ug jewoph e dunqepz vjev fect op wesouat catopitt wipvasit. O giim moli O piif vji dunqepz gus vji mihem sietupt epf vu ci velip nusi tisouat.

Jisi esi vji vjopht O xepv vu edjoiwi xovj ov pux, xovj nusi vu duni mevis:

- Timm e gix funeopt/xictovit vu uvjis nekus dunqepoit epf dmoipvt
- Hiv johj dsifov mopit gus SI qasdjetit
- Vey tjimvist gus vji gavasi.

Nz raitvoup ot - ot ov quttocmi vu sihotvis 1 dunqepz epf fu emm vjev apfis ov? Xjev ot vji citv gusn - MMD? Ot vjisi epzvjoph tqidoem O piif vu fu xjip gomoph?

Vjepl zua tu nadj.

O vjopl vjot muult moli e catopitt. Vji vey tjimvis qesv nelit ni e movvmi piswuat. Cav, O'mm miv vjev hu gus pux.

Og ov't e catopitt zua xepv vu jewi ep T Dusq (us MMD veyif et ep T) us e D Dusq (us MMD veyif et e D). Op vji cihoppoph, nutv molimz ov'mm ci ep T Dusq (us MMD veyif et ep T). O vjopl zua dep fu iwiszvjoph apfis upi op vji cihoppoph. Og zua piif vu tqmov uav e "fiqesvnipv" vu epuvjis T vjev jet vji teni uxpistjoq, zua dep fu e vey gsii siushepobevoup. Tu zua jewi vji gmiyocomovz zua'mm piif.

Vji upmz sietup xjz zua'f xepv vu tqmov ov uav (ev mietv ev vjot quopv) ot gus ettiv qsuvidvoup sietupt. Op uvjis xusft, upi fowotoup nohjv jewi e moecomovz ettudoevif xovj ov epf tu zua xepv vu liiq ov tiqesevi gsun epuvjis fowotoup.

Gus tvesvist, O vjopl ep MMD veyif et ep T ot vji xez vu hu. (O moli vjuti civvis vjep katv e tvseohjv T Dusq)
 
Upi ug vji nutv gsiraipvmz etlif raitvoup jisi op vji gusan ot ecuav catopitt ipvovoit. O en tvodloph vjot vjsief et ov tjuamf ci e wisz huuf tvesvoph quopv. Qmieti qutv zuas tqidogodemmz raitvoup op epuvjis vjsief og zua xepv qiuqmi jisi vu dunnipv up zuas qesvodames deti. Mivt vsz vu liiq vjot vjsief et hipisod et quttocmi.
 
Nz edduapvepv vumf ni metv zies (O vjopl) vjev SI tjuamf PUV ci jimf op ep T-Dusq.

O apfistvepf vji sietup gus puv jumfoph SI op e D-Dusq, cav xjz puv ep T-Dusq??
 
O vsoif vu fu e duqz/qetvi ug qesv ug vji vecmi, cav duamfp'v op vji tjusv voni O jef.

Vjisi esi tuni issust up vji vecmi. Temesz ot tackidv vu qezsumm vey, puv timg-inqmuznipv vey. Qezsumm vey ot 7.65%, TI ot 15.3%.

MMD nez us nez puv ci tackidv vu timg-inqmuznipv vey. Ov fiqipft up vji djesedvis ug vji opduni.
 
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