|
|
Post by Redeye on Oct 31, 2009 19:56:39 GMT -8
Okay, was wondering if you guys already have something like a general account to fund our events and such. We apparently don't pay dues, so when it comes to the $10 permit for our private events and then the major bucks for public events, how do we go about this? There are also emersion props, signage (a requirement for 7 Mile) etc. Perhaps a Paypal account backed by a local checking account or something?
|
|
|
|
Post by Klaus Schüßler on Oct 31, 2009 21:26:40 GMT -8
From what I understand doing that requires a business license. Something that we may want to consider, but it also costs money.
|
|
|
|
Post by AG1944 on Nov 1, 2009 8:05:48 GMT -8
A general business license is around $30. Not too bad. But we may need to look into the options of forming something for this. Sounds like we need to have a meeting. ;D
|
|
|
|
Post by Redeye on Nov 1, 2009 9:22:46 GMT -8
Not sure why we would need a business license. Someone could easily open a checking account for the sole purpose of using it for our group. I've done the same for eBay. Business licenses are up to $60 now days, they no longer have the reduced license, and with it comes the headache of B & O taxes, use taxes, and dealing with Washington State and their hostility towards small business. I've had experience in this regard, beleive me.
|
|
|
|
Post by AG1944 on Nov 1, 2009 10:03:51 GMT -8
I just started a business last year and my license fee was $35 if I remember correctly. Tax etc do not come into play unless you are selling or making an income. I never had to claim any B&O tax last year as I didn't make a dime.
In order to open a checking account that is in a business name (other than under a personal name) you have to have a business license to do it. Otherwise the account would be under a person's name. The issue with this is one person has control of the money. That could become an issue for some people. There is no safety in place if that person gets mad and breaks off all ties to the group, they also get to run off with all the money since it is in their name. I'm not saying it would happen but I'm looking at worse case.
I wonder if we could go under the umbrella of the PNWHG since they are a 'business' and a non-profit too? That way we can use their insurance for events also. Maybe we can setup a checking account through them but just for our use here in the inland northwest? Just an idea.
|
|
|
|
Post by Redeye on Nov 1, 2009 20:06:56 GMT -8
Wow, times have changed. The last time my wife and I checked into a biz license the fee was $60. What type of business did you open to get the reduced fee?
Going under the PNWHG sounds like the way to go if it is possible.
|
|
|
|
Post by AG1944 on Nov 2, 2009 6:09:50 GMT -8
It was $25.00 but that was for a sole proprietor. The basic fee for the license was $15.00 but I spent another $10 for a trade name registration. We would not be able to go sole proprietor, we would probably have to go corp or LLC which will be more. (I didn't think about that.)
|
|
|
|
Post by Redeye on Nov 2, 2009 21:03:25 GMT -8
It's always something...
|
|
