Starting a business...sorta

elSicomoro · 06-13-2004, 02:05 AM

UT might know best on this, but I'll pose it to the gallery...

Let's say that someone wanted to start a reselling business in the Commonwealth of Pennsylvania. That is, they wanted to start buying stuff and reselling it in order to make profit. We're talking collectibles--maybe baseball cards or CDs...stuff like that. And the goal is to eventually make, say, $500 a month. Could said person skirt the issue of paying taxes, so long as they claim the income at the end of the year, or would it be better for them to create a company?

06-13-2004, 02:05 AM	#1
elSicomoro Person who doesn't update the user title Join Date: Jan 2001 Posts: 12,486	Starting a business...sorta UT might know best on this, but I'll pose it to the gallery... Let's say that someone wanted to start a reselling business in the Commonwealth of Pennsylvania. That is, they wanted to start buying stuff and reselling it in order to make profit. We're talking collectibles--maybe baseball cards or CDs...stuff like that. And the goal is to eventually make, say, $500 a month. Could said person skirt the issue of paying taxes, so long as they claim the income at the end of the year, or would it be better for them to create a company?

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