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car trading

audiboy · 2009-09-29 00:25:25

Hi I want to start car trading and was wondering if anybody knew the laws and regulations e.g do i need to set up a company, VAT registration, and can i trade from home. Also can i import vehicles from the uk and put them through the auctions here what is the correct procedure without getting myself into trouble. thanks

29-09-2009 12:25am

#1

audiboy

Registered Users, Registered Users 2 Posts: 38 ✭

Join Date: September 2009

Posts: 16

Hi
I want to start car trading and was wondering if anybody knew the laws and regulations e.g do i need to set up a company, VAT registration, and can i trade from home.
Also can i import vehicles from the uk and put them through the auctions here what is the correct procedure without getting myself into trouble.
thanks

0

Comments

#2 29-09-2009 7:21am

Henry Ford III

Moderators, Business & Finance Moderators Posts: 17,861 Mod ✭✭✭✭

Join Date: January 2006

Posts: 17527

1/. No necessity to incorporate
2/. VAT reg. is necessary if you are likely to exceed turnover limits
3/. Trading from home is possible, but you need adequate insurance, rates may be an issue, and parking/neighbours could be troublesome.
4/. Keep proper records.

I'd advise you go talk to a decent accountant

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#3 29-09-2009 11:48am

-Chris-

Closed Accounts Posts: 12,035 ✭✭✭✭

Join Date: January 2008

Posts: 11171

Hi all, please post your responses here
http://www.boards.ie/vbulletin/showthread.php?t=2055690257

audiboy, we try and stop duplicate threads where we can. We can get your other thread moved over here if you want and you'll get a fresh opinion on it.

PM me if that's what you want.

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This discussion has been closed.