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Contents...
 
Home
 
Why
...approaches
...using the web
...working hours
...exercise
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Business
...sales model
...business structure
...sales tax
...buy commercially
...accounting
 
Woodworking
...shop size
...doors
...glue
...buying wood
...bandsaws
...resawing
...3 phase power
...finishing
.....rubbing/sheen
.....lacquer
.....spraying
...dust collection
 
About us
 
Contact us

Business

This section is to address the business issues of a one-person business, which may not have the usual goal of growth to more employees and products. Be sure to check the ideas here with your tax and legal advisors.

One of the first issues is how your craft will be sold - what sales model or business niche you will try to fill.

How will you structure your business? Do you need to formally establish a company? Incorporate?

Will you have to collect sales tax? Yes. Get over it, you will. But it isn't as bad as it seems.

What does it take to set up a commercial account with your vendors? To buy wholesale? Answer, act like a wholesale customer.

What kind of accounting records will you need to keep? This is not accounting 101, but it will get you started with Microsoft Money or Intuit Quicken.

Please let me know if there are additional topics that you would like covered.
 

This site (layout and contents) is ©2008 by Charles A. Plesums, 5702 Puccoon Cove, Austin Texas 78759-7177. ALL RIGHTS RESERVED.
This material is free for personal use. You may not incorporate it in other sites or publications, in any form, without permission. We request that you inform us if you would like to link to all or part of this site. For other information call Charlie Plesums, 512-349-0740 or write to CPlesums@SoloWoodworker.com