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Tractor Talk Discussion Board

Re: The tractor business...on the side.


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Posted by Adirondack case guy on February 07, 2011 at 13:36:33 from (67.252.92.228):

In Reply to: The tractor business...on the side. posted by nondem on February 07, 2011 at 12:29:39:

You don't realize the financial exposure you will be subjecting yourself to. To start you need liability insurance, Your vehicle insurance will change to commercial,DOT registration, etc, Paperwork will overwhelm you. You will have to deal with sales tax issues,get state and federal bussiness IDs to start with. The first time you rip out a cable lead or irrigation system in someones yard, you are going to pay, and if they decide to sue you, you will be in court and paying a lawer. This being said that tractor just setting there doing nothing is costing you money every day. Do yourself and your wife a favor, as she will be the one on the phone dealing with customers and gov. burocrats while you are at your job. Just stick to your job, and enjoy your free time with the family. You will be much happier. $5,000 won't buy you much for tractor and equipment either.


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