I've lurked around here for quite some time, and first I'll say thanks to all for providing some valuable information. I have just left a corporate job to return to teaching. My wife is also a teacher, and we are planning to start a bbq catering/vending business to supplement our income during the summer months and maybe some on the side during the school year. We have a small child and are not sure if we would want or be able to make this a full-time gig. My experience includes opening and running restaurants for about seven years (working for somebody else) during my twenties.
We're looking to work with a mobile kitchen trailer. With the recent job change, we're approaching this slowly and hope to work through the winter to be ready to go next summer.
I was wondering what you all thought about a few things:
Is there anything better/worse about forming an S Corp over an LLC? They seem fairly similar in terms of what we'll be doing.
For those who have bought custom trailers, did you first consider building out a trailer yourself, or was it never a consideration? Not counting sweat, it seems that you could save a substantial amount if you could do it yourself. I have access to free carpentry and plumbing help, but I don't know a lot about the plumbing part myself. I was wondering if there was something we weren't considering about doing the build out ourselves.
Any comments are appreciated.
Randall
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