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Article #7

Re: Legal issues of running a For-Profit BBS?

#7
From: Leonard Erickson
Date: Thu, 29 Oct 1992 22:48
31 lines
1608 bytes
rccarm00@mik.uky.edu (ron c carman) writes:

>   I'm looking into starting up a BBS, and hoping to turn it into
>a small business.  But I'm in the dark with regard to just what
>legal issues may be involved.
>   A few of the questions I have: 
>     
>     1. At what point does any profit realized become taxable?
>     2. Legal issues involving a home business of this sort?
>     3. Licenses, etc..?

>   Any help is greatly appreciated.

Check with a lawyer and a tax accountant. You have to figure
"profit" the way the government says you should. Which can lead to
problems if you don't have your accounting set up properly.

As for the other legal questions, get a copy of SYSLAW, 2nd edition.

October issue of Boardwatch Magazine shows Syslaw 2nd edition
avaliable exclusivly from the publisher for $34.95. Call 1-800-321-8285 or
write:
PC Information Group Inc.
1126 East Broadway
Winona MN 55987

-- 
Leonard Erickson		      leonard@qiclab.scn.rain.com
CIS: [70465,203]			 70465.203@compuserve.com
FIDO:   1:105/51	 Leonard.Erickson@f51.n105.z1.fidonet.org
(The CIS & Fido addresses are preferred)
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Message-ID: <1992Oct29.224830.9376@qiclab.scn.rain.com>
Path: arc1-ca.pugleaf.net!sparky!uunet!ogicse!qiclab!leonard
References: <rccarm00.720209937@mik.uky.edu>

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Path: arc1-ca.pugleaf.net!sparky!uunet!ogicse!qiclab!leonard
From: leonard@qiclab.scn.rain.com (Leonard Erickson)
Newsgroups: comp.bbs.misc
Subject: Re: Legal issues of running a For-Profit BBS?
Message-ID: <1992Oct29.224830.9376@qiclab.scn.rain.com>
Date: 29 Oct 92 22:48:30 GMT
Article-I.D.: qiclab.1992Oct29.224830.9376
References: <rccarm00.720209937@mik.uky.edu>
Reply-To: 70465.203@compuserve.com
Organization: SCN Research/Qic Laboratories of Tigard, Oregon.
Lines: 31