Considering Chartering

[Van]

Don't know about 10K.

But some of what I went through is as follows:

I had to:
--Get a Tax ID number.
--Register the business with the C of C in my city. (2 fees)
--Get the charter fishing license. (Mass ??).
--Buy pricey charter boat insurance.
--Purchase new PFDs with reflective tape, lights and whistles.
(Check all the CG regs for charter boat, it changes with the size of the boat)...
--Classify my business as an LLC, "CRAZY not to" That was a royal pain in the @$$.
--Web hosting costs and maintanence if you have someone else do it.
--Advertising $$.

A few more things I can't think of right now.

Anyway, GO FOR IT, even if you will lose $, its a good tax write off.
I have a hell of an accountant...

[Typhoon]

Originally Posted by Van

Don't know about 10K.

But some of what I went through is as follows:

I had to:
--Get a Tax ID number.
--Register the business with the C of C in my city. (2 fees)
--Get the charter fishing license. (Mass ??).
--Buy pricey charter boat insurance.
--Purchase new PFDs with reflective tape, lights and whistles.
(Check all the CG regs for charter boat, it changes with the size of the boat)...
--Classify my business as an LLC, "CRAZY not to" That was a royal pain in the @$$.
--Web hosting costs and maintanence if you have someone else do it.
--Advertising $$.

A few more things I can't think of right now.

Anyway, GO FOR IT, even if you will lose $, its a good tax write off.
I have a hell of an accountant...

Federally documented 28 fter weighing more than 10 tons changes a whole lot of expenses. Raft Epirb etc