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Auto Racing Automotive Business Performance Race High
https://www.iaswww.com/apr/Business/Automotive/Auto_Racing/#:~:text=Auto%20Racing%20Automotive%20Business%20Car%20parts%20for%20hot,drag%20racing%20applications.%20Top%3A%20Business%3A%20Automotive%3A%20Auto%20Racing
Starting an Auto Racing Business - Become an Entrepreneur
https://www.gaebler.com/Starting-an-Auto-Racing-Business.htm
Yet a healthier and safer strategy may be to purchase an existing auto racing business. Existing auto racing businesses are proven operations with dependable revenue streams. When you buy, you also gain the ability to sidestep all of the trial-and-error that comes standard with any auto racing business startup. Don't Rule Out Franchising
Learn How to Start Your Own Auto Racing Business
http://www.macsracing.com/learn-how-to-start-your-own-auto-racing-business/
So, if you have been wondering about getting your racing business on the road, these are the initial steps you must take: Write a business plan. If …
Business Lessons from Auto Racing?
https://theoperationsguy.com/auto-racing-business-lessons
Here is a sampling of several things I have learned in racing that directly apply to business: Anticipate what is coming and let your peripheral vision and instincts deal with where the car is now. In racing, we look one, two, or even three corners ahead and trust our instincts, experience, and training to handle where we are at the moment.
The State of the Racing Industry | MOTOR
https://www.motor.com/magazine-summary/state-racing-industry-march-2003/
THE BUSINESS OF CAR RACING.docx - Course Hero
https://www.coursehero.com/file/86756677/THE-BUSINESS-OF-CAR-RACINGdocx/
View THE BUSINESS OF CAR RACING.docx from SOCIOLOGY ASC205 at Multimedia University of Kenya. THE BUSINESS OF CAR RACING Introduction Just like owning hotels, guest houses, real estate management or
Auto Racing Tax Deductions | Sapling
https://www.sapling.com/7879552/auto-racing-tax-deductions
In order to take tax deductions for auto racing, you must be able to prove to the Internal Revenue Service that you are operating as a business and not just racing as a hobby. When set up as a business, racers can deduct a variety of expenses related to their craft, such as advertising and repairs.
50 Best Automotive & Car Related Business ideas for 2022
https://www.profitableventure.com/automotive-business-ideas/
1. Taxi / Cab Services. When it comes to starting a transportation related business, one of the easy to start businesses that readily come to mind is the cab services business.With just a car, an entrepreneur can successfully launch is cab business. As a matter of fact with hard work and dedication, a serious minded entrepreneur can grow his taxi business from just one cab and to …
52 Best Automotive & Car Related Business Ideas You …
https://www.starterstory.com/auto-and-car-business-ideas
Start a taxi cab company ($3M/year) 4. ($18M/year) 5. Start an aftermarket car parts business ($540K/year) 6. Start a moving company ($720K/year) 7. Start an intra state bus shuttle service. 8.
Solved: Racecar driver- hobby vs business? - Intuit
https://ttlc.intuit.com/community/taxes/discussion/racecar-driver-hobby-vs-business/00/571061
The difference between a hobby and a business for the IRS is how you conduct your operations and activities. For example, if your expenses are exceeding your income from racing, you are not tracking racing related finances, and you are not making any changes to how you manage your racing activity, the IRS will likely try and classify racing as a hobby (because …
Write Off Your Racing - Sports Car Market
https://www.sportscarmarket.com/columns/legal-files/write-off-your-racing
Use an S corporation. A useful technique is to form an S corporation dedicated to the racing activity. Your business would pay sponsor fees to the S corporation, which would own the car and bear all the racing expenses. The sponsor fees should be set so that the S corporation ends up with a small profit each year.
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