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Re: Drag Strip Business Opportunity [Re: Jeepmon] #160433 12/03/08 05:13 PM 12/03/08 05:13 PM
Joined: Jan 2003 Posts: 2,333 Kalamazoo, MI S StrokedW7 top fuel
StrokedW7 top fuel S Joined: Jan 2003 Posts: 2,333 Kalamazoo, MI	Quote: ...ran quite similar to a corporation with officers and etc.. It would HAVE to be setup as a Corporation. For many reasons, liability being the biggest. Steve Steven M. Hamacher, CPA, MST For ALL your tax, accounting, and payroll needs www.Kalamazoo-CPA.com

Re: Drag Strip Business Opportunity [Re: Blucuda413] #160434 12/03/08 06:11 PM 12/03/08 06:11 PM
Joined: Jan 2003 Posts: 3,443 Northern N.J. hemi_doug master
hemi_doug master Joined: Jan 2003 Posts: 3,443 Northern N.J.	Count me in on a share! 71 440-6 4spd & 69 Hemi 4spd

Re: Drag Strip Business Opportunity [Re: hemi_doug] #160435 12/03/08 06:51 PM 12/03/08 06:51 PM
Joined: Feb 2004 Posts: 35,160 S.E. South Dakota ! bigdad Still Posting A Lot
bigdad Still Posting A Lot Joined: Feb 2004 Posts: 35,160 S.E. South Dakota !	PS .. The NHRA is set up as a non profit organization The lips of fools bring them strife, and their mouths invite a beating.Proverbs 18:6

Re: Drag Strip Business Opportunity [Re: bigdad] #160436 12/03/08 09:02 PM 12/03/08 09:02 PM
Joined: Jan 2005 Posts: 1,466 malvern, ohio 3 3ddart pro stock
3ddart pro stock 3 Joined: Jan 2005 Posts: 1,466 malvern, ohio	get this moving and maybe you can get some gov. bailout money before everyone else gets it!!!!!lol. tell them it's part of the automakers bailout

Re: Drag Strip Business Opportunity [Re: bigdad] #160437 12/03/08 09:11 PM 12/03/08 09:11 PM
Joined: Jan 2003 Posts: 2,333 Kalamazoo, MI S StrokedW7 top fuel
StrokedW7 top fuel S Joined: Jan 2003 Posts: 2,333 Kalamazoo, MI	Quote: PS .. The NHRA is set up as a non profit organization Non profits are also corporations. I do not think we would be able to come up with an exempt purpose. BTW - You would never get anyone to invest into a nonprofit. Steve Steven M. Hamacher, CPA, MST For ALL your tax, accounting, and payroll needs www.Kalamazoo-CPA.com

Re: Drag Strip Business Opportunity [Re: StrokedW7] #160438 12/03/08 09:17 PM 12/03/08 09:17 PM
Joined: Jan 2003 Posts: 2,533 Alexandria, LA B Blucuda413 OP master
Blucuda413 OP master B Joined: Jan 2003 Posts: 2,533 Alexandria, LA	An LLC is a possibility!!!

Re: Drag Strip Business Opportunity [Re: Blucuda413] #160439 12/03/08 09:22 PM 12/03/08 09:22 PM
Joined: Jan 2003 Posts: 2,333 Kalamazoo, MI S StrokedW7 top fuel
StrokedW7 top fuel S Joined: Jan 2003 Posts: 2,333 Kalamazoo, MI	Quote: An LLC is a possibility!!! For liability reasons... YES but for transferability of ownership, etc. LLCs are not ideal. Steve Steven M. Hamacher, CPA, MST For ALL your tax, accounting, and payroll needs www.Kalamazoo-CPA.com

Re: Drag Strip Business Opportunity [Re: StrokedW7] #160440 12/03/08 09:32 PM 12/03/08 09:32 PM
Joined: Apr 2004 Posts: 1,981 SE Michigan TS3303 top fuel
TS3303 top fuel Joined: Apr 2004 Posts: 1,981 SE Michigan	700 shares at 1K each and your already out of business. Better go for 500 shares at 3K. Wages, operating expenses, improvements, etc have to come from somehere.

Re: Drag Strip Business Opportunity [Re: TS3303] #160441 12/03/08 10:29 PM 12/03/08 10:29 PM
Joined: Jun 2003 Posts: 9,225 Charleston S sixpackgut Drag Week Mod Champion
sixpackgut Drag Week Mod Champion S Joined: Jun 2003 Posts: 9,225 Charleston	when the property value goes up we could remortgage the property with a no document interest only loan and put in a 700 bay shop with tools sorry, thats not funny Gen 3 power 6.22@110, 9.85@135 Follow @g3hemiswap on instagram performance only racing, CRT, ultimate converter, superior design concepts, ThumperCarbs

Re: Drag Strip Business Opportunity [Re: TS3303] #160442 12/04/08 02:37 PM 12/04/08 02:37 PM
Joined: Jan 2003 Posts: 2,333 Kalamazoo, MI S StrokedW7 top fuel
StrokedW7 top fuel S Joined: Jan 2003 Posts: 2,333 Kalamazoo, MI	Quote: 700 shares at 1K each and your already out of business. Better go for 500 shares at 3K. Wages, operating expenses, improvements, etc have to come from somehere. That's right! Steve Steven M. Hamacher, CPA, MST For ALL your tax, accounting, and payroll needs www.Kalamazoo-CPA.com

Re: Drag Strip Business Opportunity [Re: bigdad] #160443 12/04/08 03:29 PM 12/04/08 03:29 PM
Joined: Dec 2004 Posts: 5,278 San Jose, California D DennisH Vacation
DennisH Vacation D Joined: Dec 2004 Posts: 5,278 San Jose, California	Quote: I have a better idea .. How bout sell shares of $1000.00 each to 700 people And let the gate pay the weekly bills, repairs All the "profits" go into a kitty.. I'll buy two shares .. Who is next ?? I'm in.

Re: Drag Strip Business Opportunity [Re: DennisH ] #160444 12/04/08 09:01 PM 12/04/08 09:01 PM
Joined: Feb 2007 Posts: 6,295 U.S. M moparniac master
moparniac master M Joined: Feb 2007 Posts: 6,295 U.S.	ill take 351 shares just kidding.... tracks closing up sucks. Mopar Performance

Re: Drag Strip Business Opportunity [Re: moparniac] #160445 12/06/08 10:58 PM 12/06/08 10:58 PM
Joined: Sep 2005 Posts: 12,481 Chino Valley RodStRace I Live Here
RodStRace I Live Here Joined: Sep 2005 Posts: 12,481 Chino Valley

Re: Drag Strip Business Opportunity [Re: RodStRace] #160446 12/09/08 11:22 AM 12/09/08 11:22 AM
Joined: Jan 2003 Posts: 2,533 Alexandria, LA B Blucuda413 OP master
Blucuda413 OP master B Joined: Jan 2003 Posts: 2,533 Alexandria, LA	Did anyone see the track that went up on RJ yesterday?? Asking $750K and not even close to the facility at Red River. Looks like most small avg tracks are going between $600K and $800K. Red River is not an average track. Somebody buy it!!!!

Re: Drag Strip Business Opportunity [Re: Blucuda413] #160447 12/09/08 11:25 AM 12/09/08 11:25 AM
Joined: Jan 2003 Posts: 19,602 Las Vegas Al_Alguire I Live Here
Al_Alguire I Live Here Joined: Jan 2003 Posts: 19,602 Las Vegas	Does not look like a financially viable deal, at least for absentee ownership from our perspective. Just does not look to positive given the area economic situation. If however someone can put a deal together and have the resources to keep it going in the short term perhaps in the long term it could be made financially sound. Who knows though in the end, just not in the cards for us at this point.

Post deleted by Defbob [Re: Al_Alguire] #160448 12/09/08 07:55 PM 12/09/08 07:55 PM
A Anonymous Unregistered
Anonymous Unregistered A

Re: Drag Strip Business Opportunity #160449 12/09/08 08:49 PM 12/09/08 08:49 PM
Joined: Nov 2003 Posts: 7,348 Mt.Vernon ,Ohio VernMotor master
VernMotor master Joined: Nov 2003 Posts: 7,348 Mt.Vernon ,Ohio	Well they changed the name of the track and web site..so someone bought it ?

Re: Drag Strip Business Opportunity [Re: VernMotor] #160450 12/09/08 10:41 PM 12/09/08 10:41 PM
Joined: Jan 2003 Posts: 4,002 Joplin, Mo R rt66jim master
rt66jim master R Joined: Jan 2003 Posts: 4,002 Joplin, Mo	Quote: Well they changed the name of the track and web site..so someone bought it ? Do you have a link to the new web site? Jim

Re: Drag Strip Business Opportunity [Re: VernMotor] #160451 12/09/08 11:52 PM 12/09/08 11:52 PM
Joined: Jan 2003 Posts: 2,533 Alexandria, LA B Blucuda413 OP master
Blucuda413 OP master B Joined: Jan 2003 Posts: 2,533 Alexandria, LA	The people who were running Red River were also running Cherokee County in Texas. I think what's happening is that when you go to red river site you are being redirected to Cherokee County.

Re: Drag Strip Business Opportunity [Re: Blucuda413] #160452 12/10/08 12:21 AM 12/10/08 12:21 AM
Joined: Jan 2003 Posts: 19,602 Las Vegas Al_Alguire I Live Here
Al_Alguire I Live Here Joined: Jan 2003 Posts: 19,602 Las Vegas	What he said...The Cherokee site just absorbed the Red River webpage, nothing has changed, at least in the last 48 hours. "I am not ashamed to confess I am ignorant of what I do not know." "It's never wrong to do the right thing"

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