67 cheby's Dropmember build thread (CLOUD 9)

[67cheby]

LOL...i will keep that in mind....

[LEEVON]

WAY, WAY off topic...but speaking of taxes, I have been assured by my accountant that this hobby of ours could be turned into a "business" for tax purposes. It would require the sale of at least one vehicle per year, and profit/loss statements along with the paper to back it up.

With your day job and the wheel tub venture in the mix and you might have a reason to try it.

[67cheby]

good information thanks...hopefully SLOSH TUBZ will take care of any tax write off for the truck !! speaking of i just acquired the domain name (www.sloshtubz.com) in the process of building a website !! kinda excited !! please like Slosh Tubz on facebook (MikeLosh)

[mcbassin]

Nice work on the glass fenders! I would be all smiles too. I know how much time is involved with something like that.

[67cheby]

yes they have been a TON of work , thank you

[watahyahknow]

thats interesting news i wonder if you can get other stuff the rent of the buildspace back from the taxman as whell ....... you do need to pay enough tax to get some back

i made the mistake to write myself in as a courier company and had to be a member of some guild because of it , need to get something more generic as a busines next time

[67c10rustbuket]

cheby, did you get a patent on that design? just wondering how the business side of that works as far as copy cats stealing your design. It seems like it will be a big seller given the popularity of these trucks and the quality fit and looks of your "sloshtubz" . They look excellent you da man!

[67cheby]

working on the patent....unfortunately it is a very costly and very difficult to do !!

[superflysteiny]

Originally Posted by 67cheby

ya...i love that color also !!!

Mike been off your thread for a few weeks sorry. Looks great brother. Why the green. Just wondering if you changed the color on your truck. Keep it up brother. I am super happy for you.

[67cheby]

the green is just for kicks...one of my favorite colors though, these fenders are just "PLUGS" for molds now they wont ever be used.......that sucks !! so we just had fun with them !!

[superflysteiny]

cool

[watahyahknow]

i dont think a patent would work most of the times they can get out from under it by changing the desighn slightly , you be in courth fighting more than benefitting from the patent .............. it would be an idea if you have sumting you can sell to a big company and have them fight the copycats , a rubicubic its not

[VA72C10]

Originally Posted by watahyahknow

i dont think a patent would work most of the times they can get out from under it by changing the desighn slightly , you be in courth fighting more than benefitting from the patent .............. it would be an idea if you have sumting you can sell to a big company and have them fight the copycats , a rubicubic its not

I agree...especially if it's costing a lot to get the patent....I'd forget it and sell as many until it's duplicated....and if someone changes it slightly it's not a copy anyways....

[67cheby]

Thanks for everyones input !!

[68 TT]

Originally Posted by LEEVON

WAY, WAY off topic...but speaking of taxes, I have been assured by my accountant that this hobby of ours could be turned into a "business" for tax purposes. It would require the sale of at least one vehicle per year, and profit/loss statements along with the paper to back it up.

With your day job and the wheel tub venture in the mix and you might have a reason to try it.

It's been 20 years since I did this but you could treat drag racing as a business & write off expenses. Down side is you can only lose money for four years straight before you show a profit. Five years in a row of loss and they treat it as a hobby instead of a business so it is no longer tax deductible.

You may be able to write off some business start up costs of getting these tubs ready for sale and for building your truck as a rolling advertisement for the product. I would talk to your accountant to see what you can do.

Next step after the accountant is a business lawyer. You want to insulate your personal property from the business completely so if for some reason the business goes under then the debt collectors can't go after your personal assets. It's been ten years since I ran my own business so I can't give you any advice on what the current best way to incorporate your business is right now.

Good luck, you have a great product and I'm sure it will sell well.

[jcaugmented]

I couldn't help but notice you need front fenders to move on with your build...Theres a guy on this site somewhere selling tubbed front finders so, maybe grab some from that dude... haha! JK! Whats next on the build list of tricks for Cheby?

[67cheby]

OUCH....that was just RUDE !! LOL......weird how he just pops in on his first post, a month out from selling......little wierd !!

[jcaugmented]

I'm just messN man. If I were apart of the dragging sparks group I would def. buy a set from you! So seriously, whats next on the list of tricks? I know you got a plan for some other cool mod... Spill it!

[67cheby]

really i got nothing ...these front inner fenders have controlled me for the last year..

[RatRod68]

so that means you can finish the truck now that they are done

[jcaugmented]

Originally Posted by 67cheby

really i got nothing ...these front inner fenders have controlled me for the last year..

nothing wrong with being passionate and thorough! Still looking forward to what you do next. I bet it will be sooner than you think...

[67cheby]

Originally Posted by RatRod68

so that means you can finish the truck now that they are done

LOL....well..now that they are done i need to sell some of them to recoop the money i spent on them so i can spend it on finishing the truck !!

[boonedogs72]

whats the width of them from mounting service of the fender to the outside edge of the tubs? I have wheelbarrow bars from my rollcage coming thru the firewall and i wanted to see if the will clear.....

thanks

[67cheby]

this is going to sound bad...but i dont know ( i am almost positive ) than from the inside of the fender brace to the edge of the tub near the engine is about 13 inches, if you look back through my build thread there is some pretty good front shots , i think you will be able to tell pretty close where they come to, thanks Mike

[boonedogs72]

not a common question im sure. When you get a set back let me know no rush. Would you be able to use a billet hood hinge and clear or is a porterbuilt hinge a must???