MossflowerWoods
Super Member
- Joined
- Aug 12, 2011
- Messages
- 5,419
- Location
- Fredericksburg, VA
- Tractor
- Kioti DK50SE HST w/FEL, Gravely 60" ZTR Mower. Stihl MS290 (selling), CS261, & FS190 + Echo CS400 & 2010 F-350 6.4 PSD snowplow truck
Yeah, well we don't even have the farm yet, hopefully mid Nov. And then there is the issue of sales tax. If I get myself a business plan and start a 'for real' farm, I can avoid the tax. No time to do that this year.
Still working on the "how do I clear all the snow without buying something too expensive" problem.
Bruce,
I have a legit "S" corp and 42 acres of mature trees I could harvest today (but I want them bigger so I am not). I am adding Egg subscriptions, and possibly fire wood, and maybe horse rides, but I paid the sales tax. The State comes out gunning for that and you MUST show certain levels of revenue from AG THAT YEAR (had some last year)... And the fines are TOO HIGH, so I plan to just write off the tax.
I'd love to see your biz plan for the farm. I've helped write those for computer companies, but never for a farm...
God Bless you and your efforts. I think there is a calling to get back to the land and that there is HUGE value to family life living and working farm/ranch type lifestyle. I hope you are amazingly successful sir.
Be well.
David