Registered: Aug 2008
Location: ohio
Posts: 270

With the cost of food, gas, basic meds, and over all general expenses that WE all spend on our beagles and kennels has anyone filed for a LLC for small buisness. There is a lot of money that can be written off on taxes that I would like to take advantage of.

I believe Ohio says you have to show a profit within three years or something like that...would like to hear form anyone who has, or did something like this.

thanks,
Steve

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Last edited by Steve Sanford on 01-12-2011 at 02:40 PM

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Registered: Mar 2006
Location: central Ohio
Posts: 532

Dunno bout an LLC. But as of 2 years ago at least in Coshocton you are now required to have a vendors license to be able to purchase a kennel license.

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Registered: May 2010
Location: Buffalo, NY
Posts: 799

When you do this, you may open yourself up for a whole new set of kennel rules, inspections, IRS audits, etc.... For the few bucks you may be able to write off, I myself feels it is not worth the risk of future problems.. When guys feel a pinch from the kennel, its time to sell a few hounds. I would really research the pro's and con's of doing this.

Rick

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Smokes Creek kennels-Where Hunting dogs are made!

When its no longer fun, sell the hounds and take up Golf.

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Registered: Sep 2010
Location: Stanford, KY
Posts: 37

You may have a problem with the hobby loss rules of the internal revenue code.

Also, to the extent you can overcome the hobby loss rules you actually don't need an LLC in order to deduct expenses of a business. You can use Schedule C of the Form 1040.

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John Davis
'PR' Shark's Stylish Attack

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Registered: Oct 2008
Location: WV
Posts: 128

man i dont know what is wrong with the world today if the dogs get to be that big of a problem i will just quit hunting the dogs we have are for enjoyment not a tax write off and if the dogs are that big a prob sell some like the other guy said i know every one has an op and this is just mine thanks dont wont to make any one made if i did dident mean to

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Registered: Aug 2008
Location: ohio
Posts: 270

quote:

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Originally posted by blackdog_star
man i dont know what is wrong with the world today if the dogs get to be that big of a problem i will just quit hunting the dogs we have are for enjoyment not a tax write off and if the dogs are that big a prob sell some like the other guy said i know every one has an op and this is just mine thanks dont wont to make any one made if i did dident mean to

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Hollarback Kennels:

FCGD Queenie Primed and Ready
FCGD Peeples Reggie's Fast Cash
FCLP Moss's Tula
Hollarback's Primetime Princess
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Hollarback's Primetime Blue Emoji

Check us out:
http://hollarbackkennels.webs.com/

Last edited by Jed Nichols on 01-13-2011 at 01:12 PM

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Registered: Oct 2008
Location: WV
Posts: 128

i can under stand wer u are coming from most xwifes are ruthless and have no hart most of them are 10 steps ahead of u also like they say hell have no furry like a woman scorned lol but it is true so good luck u will need it

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Registered: Sep 2010
Location: Stanford, KY
Posts: 37

quote:

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Originally posted by sanfordssj
My situation deals with an ex-wife trying to make me prove income for more child support. Sorry but one litter a year doesnt out wieght the amount spent for the yearly up keep of my kennels. So long story short i have to come up with a way to justify all expenses, etc....and an LLC is an option Im looking at. Trust me, this may not be an option for 99% of us on here, but with my current situation I have to start looking outside the box to cover my own.

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John Davis
'PR' Shark's Stylish Attack

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Registered: Aug 2008
Location: ohio
Posts: 270

quote:

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Originally posted by Bodacious Britt
You may have a problem with the hobby loss rules of the internal revenue code.

Also, to the extent you can overcome the hobby loss rules you actually don't need an LLC in order to deduct expenses of a business. You can use Schedule C of the Form 1040.

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__________________
Hollarback Kennels:

FCGD Queenie Primed and Ready
FCGD Peeples Reggie's Fast Cash
FCLP Moss's Tula
Hollarback's Primetime Princess
Hollarback's Primetime Blue Minion
Hollarback's Primetime Blue Emoji

Check us out:
http://hollarbackkennels.webs.com/

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Registered: Aug 2008
Location: ohio
Posts: 270

quote:

---

Originally posted by blackdog_star
i can under stand wer u are coming from most xwifes are ruthless and have no hart most of them are 10 steps ahead of u also like they say hell have no furry like a woman scorned lol but it is true so good luck u will need it

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She is even reading these boards as we speak Love you honey Hows the kids?

Got to watch her pull out about 100 printed pages from the American Beagler and UKC board at court a few weeks back (I had two litters last year). I just laughed at her, but its still a wake up call to start looking into things because im sure she will try to pull it out of magic hat again.

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Hollarback Kennels:

FCGD Queenie Primed and Ready
FCGD Peeples Reggie's Fast Cash
FCLP Moss's Tula
Hollarback's Primetime Princess
Hollarback's Primetime Blue Minion
Hollarback's Primetime Blue Emoji

Check us out:
http://hollarbackkennels.webs.com/

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