Toy business?

justapilgrim · 2014-10-14T14:42:32.000Z

Like most people here I am a but of an entrapaneur. I am self employed and am an independent contractor for the hospital I work at (I do anesthesia). I have my own LLC and am in the process of setting up a contract somewhere else and hiring some employees. My wife is on the same page, has her own LLC that she does her photography business through and sells at a local farmers market. With several LLC and seeing the tax benefits of owning my own business (write off office supplies, travel, medical, etc), curious as to how many people here have their "hobby" as an actual business? Has anyone set up an "online" toy business so you can get sets at wholesale pricing? It would be pretty easy to have my wife's LLC be a catch all (has federal tax ID number, bank account, business license etc) that could also sell toys. Anyone know the insight to buying wholesale? What are the markups? I think even if conservative you could stay simple and buy minifigs and poly bags by the case and have no problem flipping them a case at a time. Sure you wouldn't get the exclusives, but wondering if anyone has gone this route? Sorry if posted before but just curious