At this time, having more than 3 million US dollars in a bank account is almost the same as having 15 million US dollars in the 21st century, and a home loan can be approved at any time.

Han Chudong had little cash in his name, so he didn't pay himself a salary.

Taking out a loan to buy a house in the name of a company can not only avoid taxes but also reduce loan interest rates. There are many benefits at the moment.

Anyway, it's his sole proprietorship, so there's no problem, and the real estate agent also advised him to do so.

When doing business in the United States, taxation has always been a big problem. The current corporate income tax is still relatively high. The accountants under Han Chudong can only handle simple company accounts. When it comes to legal tax avoidance, they still have to rely on the help of independent certified public accountants and large accounting firms.

There will be a tax filing date at the beginning of next year. Just deal with this year's taxes before then. There is no need to rush for now.

Banks have just started using computers for operations, large enterprise-level computers.

If one wants to evade taxes, in fact, as long as one insists on doing cash transactions, the possibility of success is relatively high, but Han Chudong does not want to go to jail for that little money and face punitive fines.

In the United States, no one wants to go against the IRS.

The FBI under Hoover was a fear-inspiring system, and the IRS was hated to the point of gnashing one's teeth. After all, no one likes a "legal robber" who keeps reaching into their pockets to take money.

No matter how much you resist, you still have to pay the taxes you owe. All you can do is try to minimize the losses. It is necessary to consult a professional and tailor a tax avoidance plan based on your own situation.

Asking an accounting firm for help is another expense.

Han Chudong sighed when he thought about the possibility that his wallet would shrink.

The purchase of the house has not been finalized yet, and anything can change before the contract is signed.

He doesn't plan to tell his family the news for the time being. He plans to wait until he completes the simple renovation and buys the furniture and moves in before telling them, as a surprise.

Continue to follow the real estate agent to look at shops.

Mango Toys Company can make money, and all transactions are settled in cash on the spot, so there is no problem of overdue accounts payable, so there is no need to keep too much capital.

Han Chudong's plan is to open five to ten Baofeng Electric Appliance branches in the surrounding area in the short term, train a group of salesmen and deliverymen, and hire store managers to manage them.

Including rent, the company plans to invest more than one million US dollars first, and strive to get lower wholesale prices from suppliers. By lowering the selling price, the company will build its reputation and attract more consumers.

He planned to handle these matters himself, as he was not confident in handing them over to others. It would not be too late to hand them over to professional managers to help manage them after a fixed model was established.

Business is difficult and many stores have closed down.

Two stores were finalized on the same day, and further inspections were carried out the next day, resulting in contracts for stores in six locations at one time.

If the rent can be paid quarterly, then pay it quarterly; if not, then pay it annually. At most, I’m only willing to pay one year. The lease is signed for ten years, and the penalty ranges from two years’ rent to three years’ rent.

I haven't yet found any store that I'd like to buy, so renting a store is more suitable for the initial expansion stage.

After spending more than 300,000 US dollars, they immediately asked an advertising company to measure the sign, arrange for the walls to be painted, install shelves, etc. They also took the time to meet with the electrical appliance dealers they were cooperating with to have a meal and discuss prices.

They are all relatively small suppliers. When the scale is bigger, maybe they can get the goods directly from the manufacturers. At present, they are not strong enough, and they don’t have the energy and channels. They spend more money for convenience...

Four or five days passed in a flash.

Han Chudong got the key to the new house. The down payment was 10% and the mortgage interest rate was 11%, and this was after a discount.

Currently, the US federal funds rate is over 10 percent and has continued to rise in recent months. The so-called US federal funds rate refers to the interest rate in the US interbank lending market. Deposit interest rates and treasury bond interest rates are also frighteningly high.

Rich people buy government bonds with their money and deposit them in banks for financial management, and can easily earn a return of seven to ten points, while poor people have to exhaust all their efforts just to make ends meet.

The gap between the rich and the poor is widening at an alarming rate.

The mortgage amount can be used to offset part of the tax, and the tax policy favors business owners and the wealthy. It may seem like a lot at first glance, but it is still more cost-effective than buying a house in full.

While busy preparing for the opening of the new store and training new employees for the two companies, Han Chudong took the time to find a decoration company to help with the decoration.

Mango Toy Company suddenly had three more white employees, which made him feel much more relaxed. Baofeng Electric also arranged a temporary vice president, and Han Chudong personally served as president.

After sending out five invitations, a Disney employee rejected the new job because it was too far away.

There are more small troubles, but no big troubles for the time being.

After the factory's production capacity increased slightly, it sent out two batches of goods through the transportation company, the hand-warming pillows were officially put into production, and it also spent money to buy the production and sales rights of bubble water. It was not complicated.

As the founder, Han Chudong often goes out during the day and doesn't get home until around eight in the evening. If he has a dinner appointment, it may be delayed until eleven or twelve o'clock.

While making money, I also felt physically and mentally exhausted. Despite this situation, I still managed to tinker with some small things.

There is no wrong version in the 1619 book forum!

Right now.

In the Patent Office at Los Angeles City Hall.

A middle-aged, balding patent examiner holding a small cube in his hand.

Han Chudong came here with the people from the agency. He applied for the patent in the United States himself, and the patents in other countries were handled by the agency. The fee was not small, but the rewards were greater.

It was obviously a six-sided Rubik's Cube, and the pattern on it was disrupted. The examiner named Sherman had never seen this thing before, and asked curiously: "Are you sure this is a toy? I don't think any child would like this thing."

"No, no, no. This is not a toy for children. Children must be at least seven or eight years old to play with it. It can exercise their intelligence and help them put it back into six sides of different colors." Han Chudong said.

Mr. Sherman was curious and tried playing with it for a while, but the pattern was still a mess.

He shook his head firmly and said, "I can't put it back together, let alone a seven or eight-year-old child. No one can put it together the way you said. What's its name... Magic Cube, it's your invention, right? Can you do it? If even you can't do it, I might just reject your application."

When he was in junior high school, Han Chudong studied it crazily for a period of time. Yesterday, after he asked someone to make it, he also tried to play with it.

It was a little unfamiliar, but he still took the Rubik's Cube, holding it with both hands and turning it.

The scene here attracted the attention of other people. Even the black man who was sweeping the floor stopped, perhaps taking the opportunity to slack off.

Soon one side was pieced together. After Mr. Sherman looked at it, he felt that it was impossible to piece together six sides at the same time. He saw Han Chudong stop from time to time to look at each side, and then keep turning it.

The workmanship is a bit rough and it's just a sample product. It makes a creaking sound, but it is much more convenient than the magnetic Rubik's Cube I saw in Chicago earlier.

You may not make much money from selling this kind of toys, but it is very helpful for the reputation of Mango Toys. Nowadays, all the toys produced have a mango-shaped logo.

More and more people gathered around, and Han Chudong was able to complete the fight in one go, but he stopped.

Holding the Rubik's Cube that seemed to be almost completed, he said, "Sir, only the smartest people, people like Einstein, can solve it. I am obviously not smart enough. I believe there must be someone who can solve it. You said no one can solve it, but I don't agree with this idea. Since it can be broken up from six sides, there must be a way to put it back together, just like a movie played backwards, do you understand?"

Mr. Sherman understood and shrugged nonchalantly, "OK, try it again. I was also very smart when I was in school..."