Group: Members
Posts: 838
Member No.: 589
Joined: March 20, 2011
Another thing you should consider is insurance. Your homeowners policy isn't likely to cover anything that happens due to business activity Any incident could become very unpleasant and expensive.
You might need to get some type of commercial insurance.
Group: Members
Posts: 680
Member No.: 9845
Joined: August 09, 2015
There is a good opportunity here. Hear me out.
If you collect this money as charitable donations to your favorite charity.
At the end of the season donate the money in your name and you will get a big tax receipt that you can claim on your taxes.
The money is still money in your pocket at the end of the year. The Government is happy since the donations are non taxable and you get money back. A local charity is happy, and the town will look like d-bags if they try to shut down a charity drive.
BOOM!
I used this to raise money for the Wounded Warriors before.
Group: Members
Posts: 387
Member No.: 12632
Joined: December 20, 2016
QUOTE (RCRward @ Dec 15, 2017 - 11:48 am)
There is a good opportunity here. Hear me out.
If you collect this money as charitable donations to your favorite charity.
At the end of the season donate the money in your name and you will get a big tax receipt that you can claim on your taxes.
The money is still money in your pocket at the end of the year. The Government is happy since the donations are non taxable and you get money back. A local charity is happy, and the town will look like d-bags if they try to shut down a charity drive.
BOOM!
I used this to raise money for the Wounded Warriors before.
Group: Members
Posts: 1103
Member No.: 12369
Joined: September 27, 2016
QUOTE (RCRward @ Dec 15, 2017 - 10:48 am)
There is a good opportunity here. Hear me out.
If you collect this money as charitable donations to your favorite charity.
At the end of the season donate the money in your name and you will get a big tax receipt that you can claim on your taxes.
The money is still money in your pocket at the end of the year. The Government is happy since the donations are non taxable and you get money back. A local charity is happy, and the town will look like d-bags if they try to shut down a charity drive.
BOOM!
I used this to raise money for the Wounded Warriors before.
I was going to suggest yule logs last night and didn't. I like that idea even better.
Group: Members
Posts: 909
Member No.: 3334
Joined: January 30, 2013
QUOTE (Bayliner @ Dec 14, 2017 - 08:21 pm)
Once the town finds out that they're loosing revenue, the by-law guys will shut it down.
Not to mention if the neighbors don't like it.
It's a can-o-worms waiting to be opened.
bayliner nailed it first. once you start competing for revenue.... potentially zoning (non-permitted use or operating business from residence) and/or licensing (no permit for parking lot)violations. the member who mentioned the insurance implications has revealed real liability!
Group: Members
Posts: 158
Member No.: 12333
Joined: September 16, 2016
parking our fishing customers was never a problem here in the past.hell if I still had the bombardier's I could do parking and bombardier guided tours.lol
feel free to shoot me a pm if anyone is interested.
Group: Members
Posts: 3936
Member No.: 10648
Joined: January 17, 2016
See a accountant.....run it as a business under $30,000 income.....you do not have to charge tax and can run it under your personal tax and have writeoffs....I believe 7% of your house cottage....utilities and phone.....worth looking into.
Group: Members
Posts: 45
Member No.: 14770
Joined: December 10, 2017
QUOTE (finsfurfeathers @ Dec 15, 2017 - 08:58 am)
Always a potential problem if you make it a business. However can't see it a problem if you invite some friends from this forum up for the day and if they leave a house warming present say 10.00 or so no different than any other occasion. Add me to the list and Pm me for the next party.
Group: Members
Posts: 139
Member No.: 13018
Joined: January 09, 2017
Do a donation box - rather than pay per park. i've come across some boat ramps only ask for donation to keep the ramp clean for a small town. this donation box i know of has not change over 6 years.
some places started with donation box and changed to charge per park because of damages and litters.
Fishing Lake Simcoe
Fishing forum for Lake Simcoe & Area. Fishing Reports, Current Ice Conditions, Fishing Tips, Discussions & More. Featuring Ice Hut Rentals, Accommodations, Bait & Tackle shops, Marinas and Fishing Guides. The best fishing in Simcoe County!
Lake Simcoe Outdoors - Fishing Forum : Fishing Tips, Current Conditions, Fishing Reports & more! Fishing Lake Simcoe & Area
private parking near BBP, what would it be worth.
