Guess It's Time to get legal

After quite a bit of thought, I have decided to go ahead and file the necessary paperwork to legitimately conduct business in the state of Oklahoma.

Getting pretty rough out here trying to find stuff, even paying good prices. Plus many of the computer repair guys I have contacted recently wanted LinkedIn profiles, websites, license number, DEQ, etc.

I'll have to do paperwork, and pay taxes, but I think the benefits of being a Legitimate operation will out weigh the headaches.

Many of these guys seemed to be more than willing to "donate" all of their e-waste, but only to a business who would provide paperwork for material collected.

Guess we'll see how it goes.

Good luck!

Keep us updated on the good news.

I guess the only thing I could suggest would be to consult, yep, an attorney (attorney kinda sounds better but actually was once a sort of "go-fer" and some prefer to be called lawyers ; ) An initial consultation might cost you several hundred dollars, but if you've found the right one (reasonably priced yet knowledgeable) you should have the info for putting it all together. SBA used to be helpful, I'm not sure if it still is or not, but might be worth a "chat" to see. Good luck with it man

I plan on registering my biz before taxes are due next year, been doing the paper work for a couple years now, the only thing I don't keep track of is my time,

Welcome to the expansion of your business,The only way to go in these trying times,the day,s of dumpster diving are over,time to order new stationery saying Licenced and insured.Best of luck to you!!!

When all your scrap cash goes into diesel, truck parts food, tools, bills rent it only makes sense for me, every thing becomes a write of. if I have to drive 30min to take my wife to a mall to replace a broken cell phone we go where its garbage day the next day and load the truck ....claim the phone, phone bill, diesel, and the dinner, ( labour cost) its all about tax brake or just not having to pay taxes. You're whole v life becomes a biz expense

And 1956...why would anyone stop dumpster diving just because their legit?

Originally Posted by taterjuice

You going to start an llc as well ? I've often toyed with the idea of going full time legit before but I beleive I will start an LLC when I do.

Possibly in the future. All I did for now was register as sole proprietor.

Originally Posted by Bear

I guess the only thing I could suggest would be to consult, yep, an attorney (attorney kinda sounds better but actually was once a sort of "go-fer" and some prefer to be called lawyers ; ) An initial consultation might cost you several hundred dollars, but if you've found the right one (reasonably priced yet knowledgeable) you should have the info for putting it all together. SBA used to be helpful, I'm not sure if it still is or not, but might be worth a "chat" to see. Good luck with it man

Difference between lawyers and attorneys is that an attorney has passed the bar. The lawyer hasn't.

aha! Attorney vs Lawyer well, if you go back far enough and dig, you'll still find the term was once used for a lawyers gofer haha ; )

I chose Sole Proprietor over LLC purely based on initial costs. Registering this way in Oklahoma involved $0 up front. I do have to pay an annual license fee of $25 but not until the end of the year. Plus the added cost of incorporating isn't justifiable to me at this moment. If you "get in trouble" there have been many cases recently where the Prosecuting Attorney tore right through the "so-called" protection an LLC is supposed to provide. I would have to start dealing with much greater volume before I incorporate.

This is solely a part time, money making (SOMETIMES) hobby for me at the moment. I want it to grow, and i would love if i could do this full time, so I'm just taking the first baby steps that need to be taken in order for my "side job" to become more profitable. Don't want it to get too big that i get noticed doing business without a license so it made sense to protect myself a bit and hopefully it will lead to much more business.