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<p>[QUOTE=&quot;ctrl, post: 1399748, member: 13378&quot;]Hi, </p><p><br /></p><p>I have a couple of questions regarding some details of coin dealing. I&#039;m working on a plan for an online, specialized, part-time (hence, small &amp; focused) coin shop. Thanks in advance for your comments, especially considering the wealth of experience here on this forum.</p><p><br /></p><p>1. Given the usual low margins in the business, how onerous is the tax burden and other small business-related costs on such a self-employed dealer, in practicality? (do most file as sole-pro or S-corp?)</p><p>2. PNG membership requires a &quot;numismatic net worth. at all times, of at least $25,000&quot;. If one is a small dealer that doesn&#039;t reach this threshold to join the PNG, is there any practical negative effect? Is membership important enough that one should strive to maintain this, even in a small operation? I personally do not see it as such.</p><p><br /></p><p>I suppose my real motivation is to see whether my ideas warrant turning this into an official business or whether I should just play around as an individual. I&#039;d like to have my own online store and not rely on ebay and the rest, in order to reduce selling fees and increase control over my advertising and visibility, but if the difference in business taxes and requirements overwhelms the sellers fees and personal capital gains taxes and effectively negates any benefit of having my own small online store, then I&#039;d like to discover that up-front.</p><p><br /></p><p>Many thanks.[/QUOTE]</p><p><br /></p>

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