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Old 04-04-2006, 10:37 PM   #4
KAYE RIVERCITY
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Join Date: Jul 2004
Posts: 1,083
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....Marc is completely correct very very very few musical people/bands/ concert shows etc. own[their credit is miserable-ask Willie Nelson] - they rent or lease.....that way it is completely deductable the first year.....you may loose money for 3 years in USA- but the 4th you better make it or you are dust business wise.....If you own it you can take it off for 4 years at 25% a year plus expenses.....get in touch with the local IRS and let them figure it out for you and the tax implications....or pay for tax advice from a private CPA or Retired IRS agent like I do.....eitherway you will have loopholes at your disposal and the wording of what you are using it for is soooo important......Money for financing is available through private sources-[they are callled "loan sharks" and we get to keep 100% fincancing each week depending on your credit rating with us![j/k]] anyway there are plenty of private finance companies for that type of investment......hardware is easy to insure the bigger the better....and you pay the insurance through the loan group and they get a kicker for the business......geofkaye
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