That hit me pretty hard my first year specially the self employment tax even if you have a regular job. Not taking in account the amount of record keeping and that the tax man after all is figured wants 32+ cents of every dollar made was a bummer. Second year going forward went to estimated quarterly payments which makes it a bit easier.If you start to make a real go of it you have to keep everything on record, start thinking of tax
Ah, did not know about that. Thanks for the info :beer:If you offer products or serveries for a monetary gain on an ongoing basis that is a business. If you start accepting paymetns with any type of payment service they are required to get your ss number and you will get 1099's. Those you can't ignore. Hell even coinbase and other bitcoin wallets after so many payments are required to get a ss number to issue you a 1099. Threshold is $20,000 in payments or more than 200 transactions.
I think the FDA needs a neg rep, or better yet, the ban hammer, for thinking it's ok to waste US tax dollars to harass a small business for selling laser pointers instead of going after the manufacturers of Celebrex and other toxic drugs which are proven to cause harm and/or kill people.Hm, good point. Forgot bout what I just read at Laserpointersafety.com lol. I probably deserve a -rep for thinking it would be ok for someone to sell big lasers over 5mW in the U.S.. Yea maybe you could consider just selling kits like what Jayrob does Greenlander?
Eh what? there are 2 known builders here on this forum, one i bought from the 445 1w laser is called thejoker and the other is Blord, both are making super good lasers you can find them in the Buy/Sell thread section and see what they offer.If you ever do decide to start a business like that, I would probably be happy to buy some of your lasers. Haven't found any trusted builders from the forum that actually sell pre-built lasers yet lol. If there are some that I don't know of, let me know. Maybe I just haven't looked around enough.
kinda like marijuana vs. tobacco and alcohol !Sorry, it just gets me going that they will persecute something which has killed no one, while basically doing nothing about things that kill thousands every year. And then bragging about doing such a good job whenever some kid with a laser gets arrested, or a business raided. Nice job FDA, keep up the good work and stay klassy.
Eh what? there are 2 known builders here on this forum, one i bought from the 445 1w laser is called thejoker and the other is Blord, both are making super good lasers you can find them in the Buy/Sell thread section and see what they offer.
Appreciate itI must say that it is a good idea But it is not easy as it seems to be.
After a long long time with my bussiness here on LPF I have managed to get 1W 445nm and sell them for $85 only.
But it took me over a year to get everything running well. And still I am finidng my self buying parts almost everyday and I still struggle to get a stock all the time.
Running a laser bussiness is not easy. But go for it you might succeed. and you might not.
I would say , start building a few lasers before that. I can tell you that even I , after building with my own hands hundreds of lasers , I still have a lot to improve.
Also you need to take a risk here. Sometimes customers gets a broken laser , usually because of the shipping company that abused the package. I found my self many times sending a new laser for free to many customers. So loosing money in that bussiness is also very easy.
In my opinion , take the time and learn first before jumping in. It is harder than it seems to be. How hard can building a 1W laser can be right ? try building 10 lasers at a time when customers are sending emails all the time lol :beer:
Anyway , this is just a prespective from someone who do it all day long. If you will need any help in the future. I will be happy to help :beer: