Hi from Long Island NY

[thethein11]

Hi my name is Billy I currently make and sell reflectors for cars and trucks as a hobbies but I would like to turn it into a side business.

A little information about what I do. It is just a one man operations I make custom silicone molds of a reflector (or any small plastic part) then pour liquid plastic in whatever color I want (usually clear or tinted) to make the part. Then I sell these on a truck forum since they only apply to that certain vehicle.

What I would like to do is be able to write things off to this as a business (i.e. plastic, silicone, cups, spoons, and popsicle sticks are some of the things I use to make these parts). I am also into the aftermarket truck world and go to car shows or meets where I display my products can I write off the some travel expense (i.e. gas, hotel, or entrance fee for car show).

What is my best way to go about this LLC, Sole proprietorship, etc?

[superfaststartup]

Greetings! I would definitely go with an LLC. At the least, an LLC will protect you if you were to ever get sued. We hope it never happens, but if did, you would not be personally liable. Especially since your business is involved with automobiles, where lawsuits are a "popular" thing.

All that stuff can be written off for your business as a "Cost of Goods" Expense. The travel for car shows can be written off as "Selling, General, & Administrative" Expense. Keep all of your receipts and make sure to document them in your taxes. Any accountant worth his calculator should be able to whip it all together for you. Message me if you want more help