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)!

Cyclist LEARN how to Invest into CYCLIST FUEL Film

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Get PAID (Residuals) for ONE (1) year!

 

Cyclist Fuel Charter / Gas Tank Startup Options

 

According to the EPA (Environment Pollution Agency) as of the 22nd of February 2011 / We have choices when it comes to above ground storage of gasoline tanks.

www.epa.gov/oem

GOTO >>>>> Left Side and Look for "Office of Emergency Management Laws & Regulations

GOTO>>>>> Oil Pollution & Prevention 40 CFR 112

As I was explained to:

Above Ground Gas Tanks can have a Maximum Capacity of 1320 U.S. Gallons or Less

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On Another Note,

Above Ground Gas Tanks That Hold 55 U.S. Gallons or Less is Not Regulated

Of course these are FEDERAL Guidelines and the LAWS from state to state and from nation to nation (may or will) vary.

So in short, OWNERS need to know the business of the business venture they are getting into, before anybody starts with a notion of this being a good Turnkey Business Venture /

Happy to Have Any Onboard, However a Little R&D (Research and Development) always helps people know whether a business venture is for them or not!

1 More thing, I'm continuously trying to develope better ways to make the franchise up front cost more accessible to people like mechanics - they have their degree or life long experience and just like when doctors graduate, they can get a a loan to start their independent enterprise (A Professional Loan).

Like the information above about the above ground gas tanks - Digging, placing storage tanks in the ground, piping and so on / Is cost cutting measures to make Cyclist Fuel Chapters affordable to all.

Use to be $500,000.00 per franchise, now it is $250,000.00 - I'm trying for somewhere between $185,000.00 & $225,000.00

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I Appreciate Your Patience Throughout the R&D Phase.....

LIONELL INC (CYCLIST FUEL), 521 5TH AVENUE 17TH FLOOR, NEW YORK, NY, 10175

Update since speaking with the EPA

 

24 ft. Dome Cyclist Fuel Starter Chapter $35,000

(Around $88,000 - $145,000 depending on chapters configuration - to get started / Plus LAND)

+

($35,700 / $60,700**) + $18,700 + (45,000 / MISC.)

Memco, Inc 11-006227
901 Twelfth Street
Clermont, FL 34711
4/28/2011
Phone: 800-555-4754
CL-3648
QUOTE Date: E-mail: Lionell@Lionellinc.com
Phone: 2122924239
Fax: 352-241-9753
Memco Rep:
E-mail:
Steve Finkbeiner
steve@envirosafetanks.com
Quote Number
Client Number
Qty Included Items
Note: 2 Hour Rating Tested to SWRI 97-04 NFPA 30 A Fire Resistant Tank
Envirosafeā„¢ Fuel System: Flameshield 10,000 Gallon
LIONELL L.E.A.F.
System Dimensions: 96 1/2" Diameter x 347 1/2" Length Weight: 17,500 Lbs.
Project:
1 Flameshield 10,000 Tank Mounted on Saddles
2 8" 8 Oz Emergency Vent Male w/ O-Ring
1 2" Stack Vent
1 Clay & Bailey High Level Shut-off valve with Ground Level Fill
1 918 Clock Gauge With High Level Alarm w/SS Float for Accurate Fuel Level Readings
1 Ladder with Safety Guard
1 UL Listed Lockable Fill Box Mounted on Tank 3' x 4' x 3' , Cross Broken for Easy Drainage, 2" Vent w/ SS Handles
1 FE Petro 3/4 Hp. Pump Assy with Anti-syphon Valve and Ball Valve
1 Krueger 96" Interstitial Leak Gauge
1 Electric Package for pumps and switches
1 Epoxy Primer & Acrylic Polyurethane Coating for High Performance Finish
1 Tank Decal Kit
1 Moisture Handpump Alum 3/4"
1 18" Man way for easy inner tank accessibility

Fuel tank without E85 Protection Liner $35,678.14

**E85 Fuel tank with Protection Liner $60,678.14**

Company: Cyclist Fuel
Customer Name:
Address: 521 5th Avenue 17th Floor
New York, NY 10175
Memco, Inc 11-006228
901 Twelfth Street
Clermont, FL 34711
4/28/2011
Phone: 800-555-4754
CL-3648
QUOTE Date: E-mail: Lionell@Lionellinc.com
Phone: 2122924239
Fax:
Cell:
Fax: 352-241-9753
Memco Rep:
E-mail:
Steve Finkbeiner
steve@envirosafetanks.com
Quote Number
Client Number
Qty Included Items
Envirosafeā„¢ products
Lionell L.e.a.f.
Project:
1 Wayne Ovation 2x Hose 3x Product w C/C Reader

Cost of Pump
$18,661.87

This quote is good for 30 days. It does not include sales tax, permitting, installation, setup, or delivery.
Terms: 25% Down. Balance Due Upon Completion. F.O.B. Clermont, FL
Please make checks payable to MEMCO Inc.
Ask Us About Our No Money Down Financing or Leasing Options!

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NOW

globe

CYCLIST FUEL has a film in the works

 

As it equates to USD (United States of America Dollars)

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Foreign Currency Exchange to (USD)

No Less Than A $17 (USD) Investment Per Person
No More Than A $100,000 (USD) Investment Per Person
To Invest you must send a copy of your liscense

(Proof you've been Riding for Seven Years or More Guys)

*Girls, (1) One Full Year or More to Invest*

 

 

 

 

 

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