Penske is our friend!

From: William Donzelli <aw288_at_osfn.org>
Date: Sun Mar 16 21:46:00 2003

> I hate to rain on your parade but ...
>
> >> If I part the computers out and sell everything on ebay or, worse,
> >> for gold and scrap value, would that make me eligible for the
> >> business rate?
>
> >Yes.
>
> WRONG. Getting a business license is what would make you eligible
> for the business rate.

Well, maybe not then...I don't know Penske's rules. However, as was
pointed out, being non-incorporated and doing the above scenario above
certainly is legitimate business, as long as the taxman gets his share
(Schedule C, I think? I don't do it anymore, since I incorporated. Anyway,
that is what accountants are for). No license is needed, at least in some
states.

I would think, however, that Penske would want to see some sort of
legitimate business paper if it can't have an EIN.

> Busted an axle
> as I recall. Could have had an accident or even killed someone. That's how
> too many a personal user would do it, and the rental company and their
> insurance carrier very well know it through experience.

Exactly, so you could actually think of the business rate as "normal" and
the personal rate as "built in insurance".

William Donzelli
aw288_at_osfn.org
Received on Sun Mar 16 2003 - 21:46:00 GMT