Wanting to start a bead business and have questions
by brians34, Window Shopper
- Created: November 8, 2012, 5:14 pm
- Updated: November 8, 2012, 5:24 pm
My wife and I are wanting to start a bead business in a few years when I retire from my day job. 1. Should we put in as a sole proprietorship or partnership? 2. What type of bookkeeping will I need to do for keeping up with earnings and expenses? Two part question here, Can I deduct everything I spend including what I spend on the beads for resale and claim all the money we bring in as earnings instead of having to keep up with inventory? 3. If I have to keep up with inventory, how would you do that? I mean is there an easy way to keep up with the thousands or tens of thousands of beads we'd have in the store without going crazy? 4. We are going to have a small shop that we will run ourselves. For anyone that owns their own business like this, what do you do if you decide you want to take a vacation at some point?
- Community Home
- Discussion Boards
- Tell Us...
- Discuss Popular Topics
- Developer Resources
- Social Media