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#41
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Wiring second kitchen
On Apr 21, 6:51*pm, bob haller wrote:
On Apr 21, 6:39*pm, " wrote: On Apr 21, 1:52*pm, Joe wrote: On Apr 20, 2:49*pm, cln wrote: My wife has ventured into cake baking and we are building a second kitchen in a unfinished part of the basement. I did the framing but I draw the line at electrical work so I will be getting this done by a professional. snip Whoa there... You may be setting yourself up for a real problem. Consider this scenario: you get the work done, the bake shop has some success and a reporter from your Daily Tattler does a nice article in the Homemakers section of the paper. People at City Hall notice and find there is no business permit, state sales tax number, permits for any of the home modifications (maybe excepting electrical, hopefully), food service permit, updated tax assessment, and numerous other ordinance violations. Guess what might happen next. All of this may not matter if it's just a hobby, but if not, then it would be wise to sit down with the family lawyer and set up an S Corporation and go through the usual steps of setting up a business. An S corporation doesn't do anything to solve getting a business permit, collect state sales tax , permits, updated tax assessment or numerous other possible ordinance violations. *There are plenty of small businesses that are sole proprietorships. Renting some commercial space is easy these days with the business climate as poor as it is. Renting commercial space has always been easy. *The problem is what it costs and the improvements one has to put in to make it into what one needs. *Plus, if the business goes kaput, a lot of what you put into any commercial space is gone. *But you still may be stuck with a 3 or 5 year lease. And also he never said the wife is opening a bake shop. * For all we know, she could be baking some cakes for monthly church suppers or cub scout bake sales. * Few people would set up an S corp for that. Tangling with bureaucrats is never fun because they nearly always prevail. I will pass on your original question because there are some good opinions already posted here. Joe- Hide quoted text - - Show quoted text -- Hide quoted text - - Show quoted text - Well if its a small baking for others it might be better to gut and upgrade the existing kitchen. Make it a real showplace adds significant value to the home without generating zoning issues- Hide quoted text - - Show quoted text - Even aside from any zoning issues, that's an idea worth considering, assuming there is enough room to do what is wanted, eg bigger and or dual/ovens in the existing kitchen. Unless it can be made into a mother/daughter, the money spent on a kitchen in the basement could be mostly a waste. |
#42
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Wiring second kitchen
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