is it illegal if I "a 16 yr old kid" builds and sells computers? is there any fine or thing like this .
do i need a licence of sorts
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is it illegal if I "a 16 yr old kid" builds and sells computers? is there any fine or thing like this .
do i need a licence of sorts
not to be mean or rude....but wow O.O
Yeah, it's legal. Technically you need to register as self-employed and pay tax on any profit but ehhh ... No-one is going to hassle you about that.Quote:
Originally Posted by DDRFREAK1030
I'm talking from a UK perspective, btw. It is likely to be similar in the US but I wouldn't know the specifics.
what do you mean "wow"?
is that im a teen trying to make money, or, that this will be too time consuming for a high school kid like meeh.
i have been doing this for only 2 weeks and have already sold 2 computers but i only make about $200 profit per computer.
it depends what they want then i buy the parts then build it
^_^
this seems like a good thing for meeh but i need to know if this is legal that way i don't get in any kind of trouble.
my grandma told meeh to stop selling cd's(piracy) because she saw on the news that too many people are getting caught.
I am doing my senior project on piracy(project required to graduate h.s.)
to learn the diferent punishments of it(even thogh i still dl files)=p
is this a good way of making money???
o yea, im in america. just in case laws are different elsewhere
im at shool still so i gotta bouce
aite
payce
edit: o shit while i was typing this you posted above
Soapbox: STOP SELLING PIRATED CD'S!! THIS IS FILESHARING!!
Ok, enough of that.
Since you are 16, you can not get any kind of business license as a minor can not sign a binding legal document. But you don't really need one at this point since you obviously can not do this on a bigger scale.
But you do need to go ahead and pay your taxes on profits earned in this manner. You don't need to go to the extent of itemizing and such, your a kid. Just a simple 1040EZ will do (just make sure you give keep a copy of all reciepts just in case any tax auditor decides to look a little closer into your income).
The reason I am suggesting you do this is because if someone for whatever reason decides when tax time rolls around that they want to use this computer as a tax rightoff, you can get in some serious trouble if you do not claim their payment. You do not want to get on the IRS's bad side this young in life, as if you want to go to college, it can effect your possiblity of getting any kind of loans or grants.
i said i dont do that anymoreQuote:
Originally Posted by Comic_Peddler
i knoe thats wrong and punishble by a big low fine thing like that
lol
um buying a computer is tax writeoff?
really?
what does that mean?
lol
um ok but i am doing this to make money for rent
(not for drugs like some might think)
shit my friend made a contract of sorts but since we are minors it won't be legal?
that sucks in its own way . i sell mainly to teens like meeh or people in college
^_^- good business lol
aite got to go
payce
The purchase of a computer can indeed be a tax write off. Someone may simply claim it is for business purposes. A college student can easily write it off as education expenses.
o really? i did not knoe that?
could i buy a computer from myself and do that???
jk
um anything like precaoutions i should take when im doing this because this is takes up like about 2 or 3 days a week to do
i have a business card and everything
lol
but also what are some thing i should avoid and some tips i should consider
im still at school and for some reason i never come to this site when im at home.
lol
so imma go
payce
as long as you have ppl willing to buy them, hell yeah.
money money i need money
greed greed greed
nah jk
but if you think about it
i do this in a small only some people knoe and they spread the word.
i buy the parts the way that i always have enough to build 1 computer immediatly
except for gfx card
that shit codt too much$$$
Should be fine as long as you do it to people in your neighborhood or whatever. if you start providing hundreads of computers a month then i think you will have to get a license.
but remember people can get really mad if you screw stuff up and sue you so...
Good for you. Go for it!
I would even suggest you take some courses about entrepreneurship and business.
You may even find support programs to start your business. Ask at school.
my school is too poor
lol
it is me and a bunch of friends who do this
there are now 7 of us here in stockton california(where i live)
i am the group "leader" syk0bunnie
the money made is our "insurance" of sorts
we buy cheap as in inexpensive but good and new quality computer parts
the only thing we suck at choosing is a monitor, we usually use thrift monitors tho becaue they are so heavy and dont wanna receive them in the mail.
a business hmm.... good idea
computers are the future
this is messed up but here is a "contract" i made
keep in mind english is not my subject and it is not worded right
Computer Purchase Contract
You have chosen to purchase a computer put together by _______________ with computer parts bought with the money supplied by you. We are all experienced in the field of computers in our own way but we all know how to put together and troubleshoot a PC computer. By signing this, you agree to the terms of:
<sum> You have to pay all the money upfront so that when you order it so we can
order the parts online.
<sum> Agree that it will take 2 to 10 weeks depending on how long it takes for us to
receive or find the parts. We will notify you when we have received them.
<sum> Tell us at least 1 way we can contact you
<sum> You cannot cancel your order once you’ve ordered it, but you can add additional items to your computer for an additional fee (same charges apply).
Parts Price Parts Price
__________________ ______ __________________ ______
__________________ ______ __________________ ______
__________________ ______ __________________ ______
__________________ ______ __________________ ______
__________________ ______ __________________ ______
__________________ ______ __________________ ______
__________________ ______ __________________ ______
__________________ ______ __________________ ______
_________________________ _________________________
Buyers signature Sellers Signature
Contact: ( )- - Contact: ( )- -
AIM: AIM:
Yahoo: Yahoo:
ICQ: ICQ:
MSN: MSN:
E-mail: Email:
Syk0bunnie©2004
could i charge sales tax? in cali here i thinkits 7.75%
You can charge sales tax but it would be illegal for you to keep that money lol.
your document needs a lot of rewording too. take out that the parts are ordered online and ither stuff that may make the customer think you're just a bunch of stupid kids.
ok thanks for the tips
any more???
im trying to make it perfect
OMG!!! u make 200$ each computer????
i built 2 computers this summer and only made $75CDN Each computer :o :(
anyways good luck...btw where do u get ur parts from? are they wholesale prices?
To charge tax, you must have a license to charge tax. You do not keep this money, it is handed over to your local tax office.
1 other thing, I did a little bit of sales as a career for 2 years, and as a law there is a 3 day cancellation period on any "sales contract". I live in Michigan and that is the law here; I don't know what the laws may be in California.
I would just look into the finer details of that contract with someone whos in the know, and tune it up at that point.
Only a suggestion, but like the others are saying: just cover your a$$.
Sounds like you have a good deal going on there, Keep it up man.
One other thought, to make then think twice about canceling you can add things like restocking fees, cancellation fees, yada yada.
Where in Michigan do u live? I live in Michigan too. :)Quote:
Originally Posted by JunkBarMan
Exactly. There is absolutly no reason to mention where you get your parts. That is your business. As long as you get then from a legal source then there is no reason to tell your clients where you get them. You don't want to tell them how they can get them directly, bypassing you, do you?Quote:
Originally Posted by rossco_2004
okay
so
1.i wont charge tax
2. ill make it a 3 day canellation(72 hr?) oeriod
3.take out the online part
4.kill all my competion(jk) um nothing else really
um okay some good ideas
thanks for the input
im actually at home ^_^
ill fix the document rite now
aite
payce
Good luck ,great idea. Mabye a word of advice, stick to new computer sales.Don't get trapped in to the service and repair end of the business. Unless it's for warranty purposes. You'll end up spending hours trying to figure out why that Computer won't boot . :)
I disagree. There is lots of money to be made with service of older machines. When people know you for doing good work to fix their machine then they come back to you when they need to upgrade or want a new PC.Quote:
Originally Posted by peat moss
the only thing i am worried about is when i start up a business, comps will be different when years pass. like recently i guess
i have one lady who keeps deleting her desktop :p
Quote:
Originally Posted by Vargas
Return customer? :lol:
Don't let that worry you. Once you get involved with these things you'll see new technology as it come along. Trust yourself and you'll keep up without a problem.Quote:
Originally Posted by DDRFREAK1030
Quote:
Originally Posted by DDRFREAK1030
Go slow keep it fun! Whats the name of your Company ? :)
I had one customer drag and drop his system folder into the temp folder. :blink:Quote:
Originally Posted by Vargas
I can just imagine if i was to open a computer shop like I used to want to.
Probably name it like "rossco_2007 computers" or something. :lol:
vb what's the name of yours?
Quote:
Originally Posted by rossco_2004
Ya I'm thinking DDR FREAK wont cut it! :) JK
Double Data Rate!! i liek that name.Quote:
Originally Posted by peat moss
too bad that's not what it stands for. :shifty:
im thinking sinse my name is Jay..
so how about Jay-peg computers...get it? jpeg :) lol im smrt
I always liked the Computer Doctor . :) Probably a few copywrite problems there tho.
If you become a graphics artist guy that would be kool!Quote:
Originally Posted by jaigandhi5
or marry someone named peg\peggy (although that has nothing to do with computers).
@peat, already taken :(
Quote:
Originally Posted by jaigandhi5
Perfect! :01: Whats a company without a name right? ;)
k so all i want to know is where can i get wholesale prices for parts...i dont want to go to another store and get the parts.... :lol:
btw whats the best advertising method :01:
banners in your sig. :lol:Quote:
Originally Posted by jaigandhi5
no seriously flyers would be good. staple them all over toronto or something and you'll get business. :cool:
Quote:
Originally Posted by jaigandhi5
Word of mouth !And do good work.Advertiseing is expensive .
also anyone know how to get lazyness out of themselves???
i have been thinking of making a list of computers and putting down prices and parts etc. then make flyers but i have just been soo lazy....
anyone wana make them for me..
the parts i buy my stuff from is..
www.liata.com
www.canadacomputers.com
www.factorydirect.ca
www.computerlinksystems.ca (or is it .com) cant remember
anyone wana make some computer lists for me :P :P
also how many should i make? how should i name them (ex. gaming,office?)