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Forum topic by woodbutcherbynight posted 04-04-2013 12:15 AM 1324 views 0 times favorited 24 replies Add to Favorites Watch
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woodbutcherbynight

1295 posts in 1130 days


04-04-2013 12:15 AM

Topic tags/keywords: resource question

For those that work at home I was hoping to get some advice on what you did to start up, even if part time which is what this will be. I have no ambitions to make a mint nor do I honestly believe I will make enough money to quit my day job. Mostly I wish to sell what I make online, legally, and have some mad money for when I want to get equipment or maybe a vacation to St. Petersburg, Russian with the wife. I have downloaded the forms for getting a business license and the only thing I have no understood thus far is this E-verify requirement which makes no sense as I am the only “employee” and have little desire to have any help. Kinda takes the enjoyment out of it if I have to teach helpers what to do. The items being sold are small pens, boxes, in nature so shipping is easy enough to set up; a bank account can be had by registering with a local bank, easy enough. Taxes despite not wanting to pay them are of course a requirement but I am not seeing making more than 5K in a year unless I give up some of my precious family time. Which again is not happening, this is merely to be legitimate and keep the government from stepping in years later with a hand out asking for money, like my ex-wife.

-- Live to tell the stories, they sound better that way.


24 replies so far

View unbob's profile

unbob

439 posts in 625 days


#1 posted 04-04-2013 12:46 AM

I wouldnt bother with all that, such a small amount, just declare it on your regular taxes. as other income.

View a1Jim's profile

a1Jim

112515 posts in 2298 days


#2 posted 04-04-2013 01:00 AM

Each state,and city has it’s own laws and rules. If you have investigated the laws and rules in you area let your conscience be your guide.

-- http://artisticwoodstudio.com Custom furniture

View Jim Finn's profile

Jim Finn

1733 posts in 1643 days


#3 posted 04-04-2013 01:52 AM

IT is easy and free to be “Legal” Apply to your state for a sales tax number. Once you have that, you are legally “in business”. As has been suggested just record any profits or losses on the other income in your federal tax form. This is what I do.

-- In God We Trust

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MNgary

235 posts in 1138 days


#4 posted 04-04-2013 02:14 AM

I thought e-verify is a way to check that a potential employee is legally allowed to work in the U.S. i’m not sure how this is needed if one has no employees. But I certainly have no legal training!

-- I dream of the world where a duck can cross the road and no one asks why.

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woodbutcherbynight

1295 posts in 1130 days


#5 posted 04-04-2013 02:35 AM

Who knows? I deal with USCIS for my wife who is working towards citizenship, they NEVER answer a phone, like ever. So asking a question and getting an answer from them, I have a better chance with the lottery. (laughing)

-- Live to tell the stories, they sound better that way.

View Bearpaw's profile

Bearpaw

210 posts in 2442 days


#6 posted 04-04-2013 03:08 AM

Mike, I am talking to a CPA now about the mfg. rep. business I am in. They pay with a 1099 form to report my commission. I have a friend at church that does craft shows and I will ask him how he handles that. So far most of the things that I have sold the money has gone back to buy materials or has been given to the church for mission trip for other. So I do not worry about that, but I too want to start selling more craft items, so I may run that into the mfg. rep earnings, or do any craft shows or get an Etsy site for selling. I will share what info I get since we are in the same state.

By the way, is Sunday afternoon a good time to bring the car down about the brakes? You can reply by e-mail or FB.

-- "When we build, let us think we build forever." John Ruskin

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woodbutcherbynight

1295 posts in 1130 days


#7 posted 04-04-2013 03:23 AM

Thanks, have a issue that must be worked around to make this happen that is why this needs to be legal. It is not like I plan to make alot of money, just protected from outside sources coming in and asking for a piece of the action with no interest or expense, kinda like a leech. (laughing) Sunday is good as always I am off and have nothing planned other than the yard, or if weather is not helpful = the shop.

-- Live to tell the stories, they sound better that way.

View Blackie_'s profile

Blackie_

3592 posts in 1234 days


#8 posted 04-04-2013 12:02 PM

I’m not sure about that E-file either, never heard of it, I run my own business, I’m the only employee and have a tax ID number, for what you are doing sounds like you don’t need any of this stuff, as for as a business name goes, I always put my full name in front of my business name so as not to infringe on others. If ever you plan on doing shows setting up a booth and such then a tax ID number is more then likely a requirement depending on your state as both Jim’s mentioned.

-- Randy - If I'm not on LJ's then I'm making Saw Dust. Please feel free to visit my store location at http://www.facebook.com/randy.blackstock.custom.wood.designs

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woodbutcherbynight

1295 posts in 1130 days


#9 posted 04-04-2013 10:38 PM

Thanks for the input, I will be looking into this over the next few weeks hopefully getting answers from local agencies and an attorney.

-- Live to tell the stories, they sound better that way.

View Grandpa's profile

Grandpa

3193 posts in 1397 days


#10 posted 04-05-2013 12:28 AM

I run a small part time business. I have an LLC for it and I had to file a paper form saying I was a U.S. citizen. Sounds crazy. If I chose to not have the LLC I wouldn’t have to do this in my state. If I wasn’t a citizen I wouldn’t have an LLC and pay taxes…..????

View Marty5965's profile

Marty5965

158 posts in 667 days


#11 posted 04-05-2013 12:50 AM

Hey Grandpa, you don’t have to be a citizen to pay taxes <g>. Uncle Sam takes a fat chunk of my annual salary and I’m a resident alien. I could also have an LLC. When I ran my own business here in the state of OH, all I needed was a tax I.D. I was a sole proprietor. Back then (it was about 8 yrs ago), unless you made in excess of a certain amount profit (profit being the operative word, not turnover, or accounts receivable), the IRS considered it a hobby, as opposed to a business. The only thing I would caution anyone about is, keep your business and personal expenses totally separate. Also, I would not jump at the chance to write off part of your house expenditure as “business expenses”. While it looks enticing, and you might save a bit of money, it gets ugly if you sell your house because part of it “belongs” to your business. As always, get legal advice if you think you will ever be more than a self-paying hobby.

-- Marty, Columbus, OH, learning every day....

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Puzzleman

345 posts in 1665 days


#12 posted 04-06-2013 01:58 PM

E-verify is the governments electronic system to verify that people are eligible to work in the USA. The only time this comes into possible play is this if you are hiring employees. It is not required to use e-verify as you can use the I9 forms as well. The government is trying to promote this as a easier and more accurate system.

-- Jim Beachler, Chief Puzzler, http://www.hollowwoodworks.com

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woodbutcherbynight

1295 posts in 1130 days


#13 posted 04-07-2013 12:28 AM

Puzzleman, oddly my local county government insist you have this in order to get a business license. Despite being self employeed. Some new rule along the same lines as having to bring 5 pieces of proof of who you are to get a Drivers license while the illegals get one and at a cheaper rate. Go figure..

-- Live to tell the stories, they sound better that way.

View John Ormsby's profile

John Ormsby

1281 posts in 2458 days


#14 posted 04-07-2013 01:46 AM

Turn in your Citizenship, become and illegal, and do whatever you want. It is much easier.

-- Oldworld, Fair Oaks, Ca

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woodbutcherbynight

1295 posts in 1130 days


#15 posted 04-07-2013 01:54 AM

John Ormsby (laughing) sad but true huh?

-- Live to tell the stories, they sound better that way.

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