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Author Topic: Side Businesses vs Obamacare  (Read 1263 times)

Outbreak

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Side Businesses vs Obamacare
« on: July 20, 2013, 09:09:51 pm »
Since I got my NRA Pistol Instructor certification, I've been researching starting a one-man LLC to hold courses, write off ammo, etc. I didn't get too deep before I thought about Obamacare.

It will be a one-man business (me), and a side job. I'm active duty military, and they provide my healthcare and vast VAST majority of my income. Even so, I wouldn't be surprised if the law required me to provide myself with more healthcare. :banghead

I know there are a number of guys around here who have a day-job and an LLC business on the side. What have you guys figured out?
TexasOutbreak

I take my coffee black...like my rifles.

I absolutely despise Glocks. That's why I only own two.

I'm glad that your chains rest lightly upon you. --JesseL

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    JesseL

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    Re: Side Businesses vs Obamacare
    « Reply #1 on: July 20, 2013, 09:17:55 pm »
    I'm not even making enough to make myself an employee of my LLC yet  :(

    Fortunately, I believe most of us running our own LLC's will fall under the exemption for companies with under 30 employees and not be required to do anything about Obamacare.

    As an individual you'll still have to be somehow insured, but your military coverage should take care of that.
    Arizona

    Outbreak

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    Re: Side Businesses vs Obamacare
    « Reply #2 on: July 20, 2013, 09:35:22 pm »
    I'm not even making enough to make myself an employee of my LLC yet  :(

    I don't plan to make much, but I want to be protected a bit, maybe get a FFL to do simple smithing (AR parts installs, sight installs, etc) and maybe refinishing, and mostly, to deduct all my guns and ammo and other shooting sundries from my taxes.
    TexasOutbreak

    I take my coffee black...like my rifles.

    I absolutely despise Glocks. That's why I only own two.

    I'm glad that your chains rest lightly upon you. --JesseL

    xsquidgator

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    Re: Side Businesses vs Obamacare
    « Reply #3 on: July 25, 2013, 10:59:17 pm »
    Even though the obamacare angle could be bad enough, for liability protection alone, you need to be doing your instructing as an LLC or similar.

    Coronach

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    Re: Side Businesses vs Obamacare
    « Reply #4 on: July 26, 2013, 01:07:12 am »
    Here's a question: can you get discounts on ammo and equipment by being a small training company? If you have an LLC, you get an EIN ...

    Hrm.
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