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time to rethink my plan

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  1. #1
    thortek's Avatar
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    Always. Do yourself a favor, and just have the titles notarized "Open" (Not in your name) that way iof you flip too many the State doesn't come after you for a dealers license. In Ohio I think it's like 6 cars a year,

    “Most people miss opportunity because it wears overalls and looks like work .” ― Thomas A. Edison

    www.thortekrecycling.com

  2. #2
    gustavus is offline Metal Recycling Entrepreneur
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    Quote Originally Posted by thortek View Post
    Always. Do yourself a favor, and just have the titles notarized "Open" (Not in your name) that way iof you flip too many the State doesn't come after you for a dealers license. In Ohio I think it's like 6 cars a year,
    As inoculous as it may seen, selling with an open transfer could be construed as laundering money with tax evasion to compund ones troubles.


    I'm sure that olddude could put his sons names to better use that sitting on the couch all day playing video games. That would give him an addtional 12 cars nto the 6 he was permitted to leagally sell each year if he lived in Ohio.

    That is one problem we in the western civilisation) have, were a selfish lot in that we do not bring our spouse or children into our business.

    People these days are dieing whith out leaving a will.
    Last edited by gustavus; 04-02-2012 at 09:12 PM.

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