ob1308 Posted November 7, 2008 Share Posted November 7, 2008 This has probably been covered in here already but I can't find it specifically. Do any of you know if I need any type of license to place bulk machines in New Hampshire. Also do you guys carry any extra insurance for this business? Thanks in advance. Link to comment Share on other sites More sharing options...
ob1308 Posted November 7, 2008 Author Share Posted November 7, 2008 Sorry also forgot to ask, Should I register as an LLC before beginning to place machines? Link to comment Share on other sites More sharing options...
caserri Posted November 7, 2008 Share Posted November 7, 2008 ob, We have a "Vending Regulatory Affairs" section with all of this information. I have moved your question to that section. Steve Link to comment Share on other sites More sharing options...
ob1308 Posted November 7, 2008 Author Share Posted November 7, 2008 Thanks Steve. Link to comment Share on other sites More sharing options...
BluePlate Posted November 8, 2008 Share Posted November 8, 2008 OB, I have 5 bulk machines in New Hampshire - as far as I know the answer is "NO". You do not need a vending license. The only exception is if you are vending something that in not in "it's original package". (and more then .35 cents). Now, I would assume like a wrapped sandwich would need a 'FOOD LICENSE' . I guess a grey area is a 50 cent vend candy. So, keep the gumballs @ 25 cents and use commercially wrapped food and you should be good. LIVE FREE OR DIE! Link to comment Share on other sites More sharing options...
alyssamma Posted November 8, 2008 Share Posted November 8, 2008 OB, as far as the LLC goes, if you want to do this "legit", I would say form an LLC or S-Corp. You'll get a lot of tax benefits. The primary one being a way to take a portion of your income without paying payroll or self-employment taxes. If you are not planning on reporting the income, then no need An LLC is a little easier to form, and if it is just you it can be run as a sole prop - which basically means you don't need to file any extra tax papers (other than your normal 1040 return). If you are planning on expanding to a large size, or doing things other than vending, then an S-Corp might be a better choice. As a corporation, you have a few options not availabe to companies. There are a few other threads here that discuss this in detail, but if you have any Q, let us know. Good luck! Kevin Link to comment Share on other sites More sharing options...
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