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Thread: What do I need to know about opening up a Hotrod Business??
          
   
   

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  1. #1
    stepside454's Avatar
    stepside454 is offline CHR Member Visit my Photo Gallery
    Join Date
    Dec 2003
    Location
    Festus
    Car Year, Make, Model: 75 GMC C-15
    Posts
    342

    Im self employed.. but not in the automotive industry...let alone hot rods. I went on my own 3 1/2 years ago with 15 years of experiance behind me & loyal customers who came with me.
    I already had my own tools, I paid 250.00 for getting my federal ID, ficticious name, my LLC, state tax ID etc. I did this all through a local company called the small business store, who also now does our income taxes. I also bought a 2200.00 Grand Caravan to work out of.
    I had zero business background, so the Small Business store was a huge help for me there.
    I have no employees( biggest expense for a business owner), no building to rent or own, so my overhead is minimal.
    Last edited by stepside454; 04-04-2005 at 07:55 PM.
    75 GMC C-15 factory 454, automatic, lowered

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