CYCLIST FUEL

(THINGS TO DO LIST)

Cyclist Fuel

Latest information, for those with their cycle license:

I called the USA IRS (Internal Revenue Service) today Tuesday, October 25, 2011 and the talk is as follows –
When you open a CYCLIST FUEL Chapter, here are the guide lines:

  1. Self Employed (People opening a chapter with other things in mind, ex: paint or air brush shop, restaurant, attaching high performance parts, what so ever and so on)!
  2. Self Employed you will be using your own SSN (Social Security Number) to do business – Open up a chapter of CYCLIST FUEL!
  3. Self Employed, it does not matter DBA (Doing Business As), your still going to have to register with the IRS or the equivalent in your country (nation) to become a chapter of CYCLIST FUEL.
  4. Self Employed, there are two to three other ways that I know of:
  5. A) As a local business, where you will have a bank account and get your DBA for your chapter!
  6. B) Incorporate your business (Only 1 (one per person – CYCLIST FUEL)) in the nation, state, territory you are in!
  7. C) A FOUNDATION, i.e.: National Reserves; Parks; Recreational Areas for Cyclist and so on!
  8. These are the things I know from a USA perspective, however not limited to what I know until I get further educated!

Place to visit to learn more about what I should let you know (full disclosure):
Tax.gov / (look for the small business link and then the work shop link and it should explain what is deductible for your business with CYCLIST FUEL –

Equipment bought and what can itemized as a tax write off and so on, ex: satellite dish, fuel pumps, and so on)!

Direct Link For Information TAX.GOV (http://www.tax.gov/virtualworkshop/)


Mr. I.: These are ways to write your business proposition (loan) as to the: Upfront  cost, versus the savings over time and don’t forget the reason why automobile gas stations are so profitable is because of the fast food and drink additions to their gas stations (Already a staple with CYCLIST FUEL)!

 

 

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