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6 Replies Last post: Dec 8, 2008 11:23 AM by unclefester

Starting a business

Nov 27, 2008 12:39 AM

Click to view 1000QUESTIONS's profile Professional 1000QUESTIONS 4 posts since
Sep 16, 2008
Hey everybody - thanks for all the info. I don't know who came up with the idea but I just think forums are one of the greatest ideas ever. So simple yet highly effective. Anyway I am interested in starting a vending machine route and I would like to know everything i need to know but if you could provide just one piece of the pie i would be happy. First things first. I already purchased a good working machine and I already have an excellent location for it. I will be perfectly happy with the one machine for the next two years before i would actually look further. The thing that has me worried or thinking is that half of the product offering in the machine would be sandwiches that i make and wrap. The machine is refrigerated. I would like to know if I need some kind of food permit or license? Either for the preparation or sale of food or both. The rest of products would be cookies and chips. I live in New York. Also I would like to know if anyone has any idea as to what business structure would be good for this. I already have a full time job and I will be the only employee. I would appreciate any help on the subject. Thanks
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Click to view LUCKIEST's profile SCORE LUCKIEST 7,938 posts since
Aug 6, 2007
1. Re: Starting a business Nov 27, 2008 8:18 AM
Starting a business, Welcome

To suggest a business structure, I would like to know more about you, (like Single??, Married?? Do you own a house or other assets that you need to protect??) Also your tax bracket and how much money this vending machine makes. That is why you should talk to YOUR Lawyer or Accountant.

An alternative would be SCORE?? SCORE is FREE both in person and online.

Hope this help, Happy thanksgiving

LUCKIEST
Click to view 1000QUESTIONS's profile Professional 1000QUESTIONS 4 posts since
Sep 16, 2008
2. Re: Starting a business Nov 27, 2008 10:10 AM
in response to: LUCKIEST
Yes I am single and no I do not have any assets aside from the single vending machine. I make about 75 thousand a year from my job. I don't own a home.
Click to view LUCKIEST's profile SCORE LUCKIEST 7,938 posts since
Aug 6, 2007
3. Re: Starting a business Nov 27, 2008 12:44 PM
in response to: 1000QUESTIONS
Starting a business

Thanks for your answer. Keep it simple. A Sole Proprietorship, is the most common form of business.
A Schedule C. Profits are added to your income, Any losses get deducted from your income.

Let me know if you need more info.

Happy Thanksgiving, LUCKIEST
Click to view 1000QUESTIONS's profile Professional 1000QUESTIONS 4 posts since
Sep 16, 2008
4. Re: Starting a business Dec 7, 2008 6:43 PM
in response to: LUCKIEST
I would like to know if I need any type of permits or license for the preparation or sale of food?
Click to view LUCKIEST's profile SCORE LUCKIEST 7,938 posts since
Aug 6, 2007
5. Re: Starting a business Dec 8, 2008 11:04 AM
in response to: 1000QUESTIONS
Starting a business

YES
Click to view unclefester's profile Mogul unclefester 21 posts since
Nov 17, 2008
6. Re: Starting a business Dec 8, 2008 11:23 AM
You are making sandwiches for sale to the public, you may need to have a state certified kitchen to be able to make them, in oregon to make anything for sale to the public it's got to be certified, it can be your home kitchen as long as it has been inspected on a regular basis from the state agency. Also you may need to have a food handlers card. Good luck.
Tim