HARDTRAILZ
Moderator
- Nov 18, 2011
- 49,665
Hatchet said:Scraping the ice and snow off the vehicles... This is bullshit.
The_Roadie said:I HATE chat because it ties me to the desk and I can't move around like being on the phone. Damn I'm going to pee in my coffee mug soon.
You got it in one. First year their investment in fixtures and especially fabric inventory was a wonderful loss. One that we meant to take. Second year we thought was going to be break even, and they beat the odds and made about $30K. They plowed all of that back into inventory, but the increased inventory isn't deductible anymore. It comes from "retained profits" but we still have to pay taxes for the year the profits come from. If the business was a corporation, with the increased paperwork and legal fees that come along with that, the profits wold be taxed at the lower corporate tax rate. But it's an LLC partnership, so the phantom profits show up on our personal tax returns. Even though the business didn't throw off any cash to help us pay.Playsinsnow said:Edit: What's the point of owning a business if you can't tap your own profits? Unless you are trying to build and grow I could understand.
Sold ByHatchet said:Really contemplating this...
HARDTRAILZ said:Started the spring get back in shape thing. Mile n a half. Not much but a start.
Hatchet said:Really contemplating this...
I feel for the price its gunna be a scam. But with purchasing through paypal, I would have some protection if it is a scam... I don't know... Would be awesome to have...