Just Wondering

[WeedTillDeath]

I have a question from those of you who may have personal experience with this. What are the laws of starting a legitimate business through illegitimate means, hypothetically speaking. I was reading about a law that states that banks are supposed to inform a government agency when they receive large amounts of money without a legitimate explanation of obtainment. Also, I read that businesses started with over $10,000 in cash have to send forms to the government, or something like that. I was just wondering if someone could expand on these laws a bit and maybe provide information on other laws.

WeedTillDeath Reviewed by WeedTillDeath on 03-31-2007. Just Wondering I have a question from those of you who may have personal experience with this. What are the laws of starting a legitimate business through illegitimate means, hypothetically speaking. I was reading about a law that states that banks are supposed to inform a government agency when they receive large amounts of money without a legitimate explanation of obtainment. Also, I read that businesses started with over $10,000 in cash have to send forms to the government, or something like that. I was Rating: 5

[thecreator]

Well you can start a business with cash but you do have to file paper work out the ass and also have some type of explanation for the money (don't worry if you tell them you got it as a loan from a family member they would probably leave it alone.The bank on the other hand sounds off to the Gov. just in case you didn't pay tax on it, or worse.) The best way to do it is just get a loan of the amount you have (Not getting a full amount bc of interest). If you do that then you draw less attention to your self. I have been thinking about the same thing for a while. Good luck man I hope I helped.:thumbsup: