#1 ·
I’ve got steady full-time work with all my taxes and benefits covered.
I have the chance to pick up some side hustles doing retail and flipping items. What kind of business structure actually makes sense here, especially since I might go months at a time without making a single sale? Which setup is the cheapest to keep running when things are dead quiet?
Ideally, I want zero fixed overhead. I just want to sell something, pay tax on the profit, and be done with it.
It would be perfect if I could buy something for $33, flip it for 120, and only deal with taxes on that 20 bucks of profit.
Does anything like that even exist?
I have the chance to pick up some side hustles doing retail and flipping items. What kind of business structure actually makes sense here, especially since I might go months at a time without making a single sale? Which setup is the cheapest to keep running when things are dead quiet?
Ideally, I want zero fixed overhead. I just want to sell something, pay tax on the profit, and be done with it.
It would be perfect if I could buy something for $33, flip it for 120, and only deal with taxes on that 20 bucks of profit.
Does anything like that even exist?