Without giving my location away (for privacy reasons) let me just say this. If you take things that you know will be accepted first (steel, aluminum cans, insulated wire that isn't worth stripping, etc.), you may eventually gain someone's trust. When they've seen you come several times over a 6-12 month period, they are more likely to give you the benefit of the doubt. I had a catalytic converter that I couldn't get rid of for years. Finally, I started going to a new place. After several trips I decided to try turning in the catalytic converter to them. They said they are not supposed to take them, but he took it anyway. Only got $10 for it though. He does accept stripped wire from me without question. There might be an issue if I had stuff that was really thick, like 1/2" or thicker. Then, I can imagine someone thinking it is stolen!
This could become pretty expensive as you might then need to file corporate taxes (Federal and State) in the name of the business as well. And then a known business which doesn't file tax returns might open themselves up to being audited. Ditto for a business that has little real operations, but continues to file returns and pay for business licenses year after year. I'd think this through carefully before going down that road.
You are assuming that to open a business, it has to be incorporated or an LLC. You can easily open a business as a sole proprietor and the only cost, after you pay the county, are the monthly fees for your checking account. Taxes get filed on a schedule C attached to your 1040, which, BTW, allows you to deduct all of your legitimate business expenses.
Now, if the law requires you to be incorporated, then yes, you are correct about the possible expenses.
Have Fun,
Harold
I hate rules, but I love junk.
Have to agree with auminer on this, I have scrapped for many years here in TX, and have never had an issue. I have sold stripped copper wire, insulated copper wire, aluminum/copper ac coils (with paperwork), brass, etc. All I deal with is legitimate yards, and none have ever refused to take anything. This is in the DFW area.
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