I am posting this for some feedback, I run a side hustle doing scrap metal pickup. I've been tossing the idea around of starting an llc of the company and getting a US DOT number. Any feedback on this? Who is the best website to get an LLC done? Trying to boost my name out as well if anyone has successful tips!
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I wouldn't go through the trouble unless you have a significant amount of business income. Ask your accountant to set you up with whatever corporate structure makes the most sense for your circumstance.
Metal Recycling Entrepreneur
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If you get a LLC / USDOT, you'll need to fill corporate tax reports, set up payroll and get insured.
NEW TO SCRAPPING? READ THIS: Build up your horde of magnetic and non-magnetic metals in two piles until you have a better understanding of the business. Magnetic material has low value and is mostly always steel / shred / short iron. Read old threads about non-magnetic metals and ewaste (and how to sort them), but don't forget that they generally have absolutely no tolerance for contamination (screw / iron / foreign material).
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Scrap tip number 5
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What is number three copperThere are currently 1 users browsing this thread. (0 members and 1 guests)
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