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- Fri Jul 01, 2011 2:08 pm
- Forum: Instructors' Corner
- Topic: Business Side of Things
- Replies: 25
- Views: 5231
Re: Business Side of Things
If you're filing through LegalZoom or one of the other online "legal" sources, they provide paid services to act as the agent. I'd imagine there are local sources that will do the same, but I'm betting they'll be more expensive.
- Mon Jun 27, 2011 6:42 pm
- Forum: Instructors' Corner
- Topic: Business Side of Things
- Replies: 25
- Views: 5231
Re: Business Side of Things
If I incorporate, I'd go with an LLC.
Though, besides the liability benefits, what else would benefit me?
Though, besides the liability benefits, what else would benefit me?
- Mon Jun 27, 2011 2:39 pm
- Forum: Instructors' Corner
- Topic: Business Side of Things
- Replies: 25
- Views: 5231
Re: Business Side of Things
The DBA will be the first thing that I get knocked out. In regards to the EIN, I won't have any employees, but I've always been under the impression that it was needed for other business related things (wholesale, etc.).Crossfire wrote:You have to get the DBA before you get the bank account.
You don't need an EIN unless you are going to pay other employees.
Standard deductions for home office and milage, just like any other home based business. Also for any equipment you buy specifically for the business (laptop, projector, rental guns, etc)
If you are going to sell factory ammo, you don't need an FFL, but you do need a sales tax permit. We don't sell ammo, so we don't have to deal with that. We only rent guns, no sales tax on that. If you are going to reload ammo and sell it, you DO need an FFL.
If you are not an NRA member, then join up, and get their instructor liability insurance. Most ranges won't let use their facility to qualify your classes unless you are insured.
If you need a website, talk to The Annoyed Man on here. He will get you started.
Other than that, all I can think of is good luck to you!
As far as the range go, the shooting portion will be at a gun club that is covered by NRA insurance. Each person I bring out there, who is paying to shoot, should be covered as well? If not, I'll certainly look into it.
- Mon Jun 27, 2011 12:57 pm
- Forum: Instructors' Corner
- Topic: Business Side of Things
- Replies: 25
- Views: 5231
Business Side of Things
It's a little premature considering the fact that I haven't taken the class yet, but I'd like to get everything sorted out prior to even considering teaching a class. In regards to the legal aspect of getting started, I know that I'll need to:
- File a DBA
- Get an EIN
- Get a Bank Account
But, I'm unsure of a few different things. First, I know there a good number of folks out there who rent firearms and sell ammunition to their students. What are the legal implications behind this? Since you're selling ammo, do you need an FFL?
And this is simply curiosity, when it comes to taxes, what kind of deductions are out there for a home CHL business? I know of the typical home office, mileage, etc. But, I'm a little new to this whole concept, so I'd love to not drive myself into the ground before I even get started. This is a VERY part-time venture, likely to only teach a few classes a year, but I'd prefer that it'd be all legal when the time comes.
Thanks, y'all.
- File a DBA
- Get an EIN
- Get a Bank Account
But, I'm unsure of a few different things. First, I know there a good number of folks out there who rent firearms and sell ammunition to their students. What are the legal implications behind this? Since you're selling ammo, do you need an FFL?
And this is simply curiosity, when it comes to taxes, what kind of deductions are out there for a home CHL business? I know of the typical home office, mileage, etc. But, I'm a little new to this whole concept, so I'd love to not drive myself into the ground before I even get started. This is a VERY part-time venture, likely to only teach a few classes a year, but I'd prefer that it'd be all legal when the time comes.
Thanks, y'all.