#1 ·
So... I’ve been looking at this potential space—it's a spot I could lease that sits less than thirty feet from the entrance of an elementary school courtyard, right by the door to the local burger joint where most of those kids grab their lunch. To make matters even more interesting, there's a high school nearby, and quite coincidentally, it's also right next to the community college where I happen to be a student myself!
It just occurred to me, perhaps a bit impulsively, that I could set up a lounge in there with maybe seven or eight TVs and an equal number of PlayStations, and just... go for it. My vision is to run this as a small business and hire some fellow students on a part-time basis to help out. However, since I am currently enrolled in classes, I'm wrestling with a bit of a dilemma: would it be wiser to register the business under someone else's name—say, my grandmother or a close friend—just so I don't run into any complications with my student health insurance or other benefits?
I've already done some digging into the equipment costs, but I'm still somewhat in the dark regarding the various "hidden" expenses involved in launching a small business in the States. Specifically, I'm wondering if a full-time student is legally permitted to own their own business, what the tax implications look like, and whether I'll be required to invest in a professional POS system and cash register, among other things. 🙂
Oh, and one more thing—would I be allowed to sell stuff like Montana sandwiches and Coca-Cola? There's plenty of room, and let's be honest, those kids devour that kind of stuff like they haven't eaten in a week.
Thanks 😁😁😁
It just occurred to me, perhaps a bit impulsively, that I could set up a lounge in there with maybe seven or eight TVs and an equal number of PlayStations, and just... go for it. My vision is to run this as a small business and hire some fellow students on a part-time basis to help out. However, since I am currently enrolled in classes, I'm wrestling with a bit of a dilemma: would it be wiser to register the business under someone else's name—say, my grandmother or a close friend—just so I don't run into any complications with my student health insurance or other benefits?
I've already done some digging into the equipment costs, but I'm still somewhat in the dark regarding the various "hidden" expenses involved in launching a small business in the States. Specifically, I'm wondering if a full-time student is legally permitted to own their own business, what the tax implications look like, and whether I'll be required to invest in a professional POS system and cash register, among other things. 🙂
Oh, and one more thing—would I be allowed to sell stuff like Montana sandwiches and Coca-Cola? There's plenty of room, and let's be honest, those kids devour that kind of stuff like they haven't eaten in a week.
Thanks 😁😁😁