Personal and business account that draw interest
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I think it is necessary to separate a personal bank account (with which to buy, for example, your house or personal cars) and accounts for each company (each company can include several businesses). The personal account is fed with a salary that you set as an employee of your companies or with an extraordinary dividend payment that you can activate manually. In both cases the corresponding taxes are paid.
Once this is done, the existence of a stock exchange makes a lot of sense: in addition to buying shares of other companies, you can sell your own shares to finance new businesses or for personal expenses. The downside is that when you make the dividend payment you will only receive the percentage corresponding to the percentage of the company you own.
If you own less than 50% of the company, it is no longer yours and you cannot manage it. On the other hand, if you buy more than 50% of another company you start to manage it.
Thank you and congratulations for the great work
In a game you started with a first business and then your have around 5 and good earning, now you have to pay taxes and that hurt a little but is more realistic, so is ok for BA.
At some point, we need to shield earning to keep investing, scaling and growthing businesses. HQ should be able to operate a business or to be more specific as a Holding company, not only for logistics. If we add a accountant/finance team, that will help with taxes, collecting rent (after shield money on real states) , operate Stocks as a hedge funds. Is ok paying taxes when earning is directly to individuals but there are option for a company for shield and keeping investing. To separate holding money from personal liquid money.
This maybe will not block IRS, only help to improve finances as in real life. For the game just to make it special or harder to access to this benefist you cant put requisites to complete before access or hold certain wealthy.
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I took this from the game ‘Software Inc’, basically you can buy and store copper, silver and gold, sell these and the money you get is sent to the offshore account. This is tax deductible, and you can use the money from this account to siphon it back to your main wallet, at risk of getting caught.
You could also use this money for illegal activities. And you would need a tax advisor to do this.
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