Legitimizing cash!

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oOBe RyeOo

Active Member
So, I was thinking of small businesses you could start up pretty easily/cheep, and the thought came to me. Every time I'm at some bar hopping area there are usually vendors, right? If it's a good night these vendors can pull down easily $500 in a night. Since buying a hot dog from a vendor is hard to trace, I figured why couldn't you just buy a hot dog stand and say you make X amount of money selling X amount of hot dogs to X number of people. You could easily legitimize $4000 a month. At my buddies college/university there is a hot dog guy and he said he put 2 kids through college selling hot dogs. Good Idea?
 
G

Give Me

Member
oOBe RyeOo said:
So, I was thinking of small businesses you could start up pretty easily/cheep, and the thought came to me. Every time I'm at some bar hopping area there are usually vendors, right? If it's a good night these vendors can pull down easily $500 in a night. Since buying a hot dog from a vendor is hard to trace, I figured why couldn't you just buy a hot dog stand and say you make X amount of money selling X amount of hot dogs to X number of people. You could easily legitimize $4000 a month. At my buddies college/university there is a hot dog guy and he said he put 2 kids through college selling hot dogs. Good Idea?
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I have a friend that is looking into that sorta thing as we speak. I don't know all of the details a few minor hurdles-1 The cart itself was a few thousand bucks ? 2 Permits- Not just to be totally legit but to keep others from taking your business- (This lady been working the same block 4 the last few years got ran off by new vendors-I asked her about it and it was due to the fact she did not get the city permit that essentially holds your space) I know there is some work but yes just like any other thing, if you have a good product and can find a demand, your golden. Im sure you could see the accounting +'s and -'s ,as well as marketing. Sorry for all the blaa bla blaa :)
 
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oOBe RyeOo

Active Member
The Cryptkeeper said:
Damn straight I'll be okay! Fuck.
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Man, all I wanted to do was share my thoughts. I read a thread a while back about this and no one even thought about street vendors.

Hell, you could have to 2 types of vending stands. One for the night with hot dogs and one for the day for bagels, or just use the hot dog stand all day. If you make it seem like you work lunch you could easily legitimize 100k a year. Just do the math, if you make $300 a day for Monday through Thursday and $500 on Friday/Saturday you're breaking 100k+
 
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oOBe RyeOo

Active Member
You don't actually have to do any work. You can buy a hot dog stand for $500. You can just store it in your garage or where ever. When you get the business license you would put your home address as the business location. Most vendors don't hand out receipts.
 
Saerimmner

Saerimmner

Well-Known Member
similiar thing over here in the UK, you dont pay tax on timber/wood if they are being sold as "fuel", so just say you are a freelance forester
 
thedoc08

thedoc08

New Member
SocataSmoker said:
Then the IRS watches you... see's you not selling even one damn hotdog and boom... tax evasion baby!!!
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As long as you pay the taxes on your "hotdog stand" the IRS would have no reason to watch you. Unless they suspect that you're selling more hotdogs than you claim.
 
SocataSmoker

SocataSmoker

Well-Known Member
thedoc08 said:
As long as you pay the taxes on your "hotdog stand" the IRS would have no reason to watch you. Unless they suspect that you're selling more hotdogs than you claim.
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I don't know many hot dog vendors, but the ones I do know... don't sell anywhere near that much to make that kind of profit... and they're in New Orleans!

The OP would have to be the Hotdog Kingpin... and live in one huge city!
 
stoneruk

stoneruk

Well-Known Member
They'll also be looking at receipts for the amount of stock you purchase from wholesalers, and if the outgoing doesn't match the incoming...you'll probably be fucked somewhere along the line.
 
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