Quote:
|
Originally Posted by tammy8833 wow!!
it's a lot, huh? i just really want something simple, to see how i will do before i get to serious, i thought about just making some, see how do i seeling them to people around town i know, word of mouth then moving on to bigger things like the license, the taxes etc...
but i guess i cant legally do that......?
ohh and thank you for the info too!!!! :0) |
Well you can do it as a hobby, but you will not be able to claim any of your invesments into inventory as a business under IRS tax laws.
Also, once you exceed a certain $$ amount of sales, then legally you have to start reporting your earnings to the State under your SS# or your federal ID #, so you really want to make sure what those parameters are so if you reach them, you will be prepared. Also, you will not be able to sell wholesale or charge tax without State notification.
You will need to check with the buisness office once you pick a name for your doggie treats that you are going to sell them under, to make sure that no one else in your city/county has use of that same name. You will also need to find out if you can sell products out of your home, legally. I would also check out the code regulations for dog food preparation, if there are any. (because once you start selling to the general public - hobby or not - you will have liability issues)
Even if you start small, you want to make sure that you are protected, in case anyone wants to sue you for making their dog sick!