My father and I want to start our own business rebuilding muscle cars?
I posted this the other night at like midnight and got only two real answers figure during the day might be better. here was my question My father and I have rebuilt a couple of cars and made money at it it's how we've been making a living this past summer. I buy a muscle car in california for cheap then trailer it back to new hampshire where he lives we rebuild it and then sell it for more than we paid and put into it. We would like to start doing this in a legal sense so it's our actuall jobs acording to the government and pay taxes and all that fun crap. Can any one help me on What we have to do Right now we just want to continue doing it out of our garage. I don't only buy them in cali but any usually rust free state. Will we need a dealer license or what any one have any idea as to what we need to do? We will not fix other peoples cars and sell the cars through ebay, craigslist and other such places but just want it to be our official jobs so no car lot just out of our garage
Those regulations vary from state to state. Check locally and they will tell you how many cars you are allowed to rebuild and sell before you have to buy a particular license for this or that.
But before you go that far, I would sit down with your dad to figure out how much money you are actually making on that kind of thing... calculate all your expenses and figure our your REAL profit on each car and how many hours you spent on rebuilding the car and your expenses and time in sales and all that. You may also have to buy some special insurance for transporting these cars....
Somehow, I just get the feeling that you are not making as much money as you might imagine... I would go over that part carefully before I made the change you are talking about.
I think you may be better off just leaving it as a hobby. It sounds like you are both enjoying things as they are.
Hope my comments can be of some help.
