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Re: Questions about starting a business on the road
Along with consulting an attorney, this is probably the most honest and helpful answer I could ask for. I appreciate it as I was merely looking to find people who had first hand experience at this sort of thing. Much appreciated. Anyway. I assume advertising ones business on the forum is prohibited so if you would want to check us out send me a PM. Thanks Jack, Jacob, Ashley and Megan305Views0likes0CommentsRe: Questions about starting a business on the road
naturist wrote: You have asked some very specific legal questions best answered by a lawyer, and you should NEVER take legal advice from nameless/faceless folks on the internet. And I am no lawyer, so what I am about to say should not be construed as legal advice of any sort. That said, it varies from state to state. You will need to deal with taxes and licenses on a state by state basis, and you very definitely need to know the requirements for each state you visit. I will tell you now that the tax boys have NO sense of humor and would as leave throw you in jail as spit. What's more, if they catch you in violation, they tend to make a wild guess as to how much business you could possibly have done in the state, and then assess you a tax burden based solely on that. And pile penalties and interest on top of it. If you don't pay up, you will go to jail. And before anybody crabs about "the Obama Administration," be aware that this has nothing whatever to do with the feds, it is strictly state law, and it has been this way ever since I started in business in the 1970s and no doubt long before that. Thanks Naturist, I see you are from Lynchburg! That's cool, I grew up in Richmond and have a home out in farmville. I am just new to the whole work/camping thing. I absolutely agree with going by state to state laws when it comes to taxes and making money in a particular state. And I understand any "advice" or information someone may give me on a forum would need to be verified, I was just looking for a few people who have perhaps owned their own businesses on the road/traveling about to festivals or whatever and get a general idea of some of the things they had to establish during their start up. Thanks, Jacob305Views0likes0CommentsQuestions about starting a business on the road
Hey everyone! My name is Jacob and my 2 business partners recently came across funding for our online jewelry business to go on the road. The business is in it's infancy and we have yet to register it outside of opening the online store. I have looked in to the essentials of proper accounting and managing business miles/expenses and Schedule C tax forms. I was wondering if anyone experienced in running a business "on the road" state to state would be able to give me some advice. In particular: Do I assume it would be an LLC , do I need to register the business within a state or do I just need to keep proper accounting and simply fill out the proper tax forms at the end of the year? Also, would you say it is considerably worth it to track finances and account spending within an accounting program such as freshbooks or quickbooks, or could I get by for the most part with excel? It is a jewelry business so we really just need to track material/gas/misc expenses and profit. Thanks for your time and I look forward to hearing some beneficial information! Ciao!2.6KViews0likes8Comments
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