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Old 03-04-2011, 11:11 PM
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eco.lawns eco.lawns is offline
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Join Date: Sep 2010
Location: Springboro, OH
Posts: 183
Quote:
Originally Posted by DaytonBioLawns View Post
Just be careful with that. If you give your tax ID for a for-profit legal entity and represent it as a non-profit entity, that makes you guilty of fraud.

you could be found guilty of....
-fraud
-embezzlement
-tax fraud
and theft/grand theft

As a retailer the various U.S. Government agencies/departments have audit requirements. Most (like the IRS), require that you randomly audit and check your programs on receipt.....

So they could take lets say.... 50,000 non-profit claims on the mowers and sell them @ your 28% off. Toro would be getting a tax break from the government for offering and reporting on the non-profit program. They are required to audit that program if they get that tax program and receive money back from it. So they audit X% of it.... lets say 25%..... Well your number comes up. They run the Federal I.D. # that you filed saying whether or not you can draw a profit from your organization. If they find you are a for-profit entity, you are already guilty of fraud.....

Result: The U.S. Government or other parties that you defrauded could take you to court in both criminal and civil cases. Double whammy. If you created a non-profit to buy mowers and equipment and used them in a for-profit business you are in more trouble....a lot more. If you did something that traces back to you personally, your LLC or other legal entity is useless and the parties could take... get this...

EVERYTHING.

I'm not trying to hate on anyone I just don't want any of you to unknowingly get in trouble. Cause that kind of trouble is serious trouble. You could go to jail, get probation or parole, and pay restitution. Your wages could be garnished and your bank accounts handed over and emptied. If you used a personal line of credit like a credit card, or a loan that you personally guaranteed, then you are open game. Your legal entity no longer separates you from the risks of business and business crime. They could take everything including your house, car, spouses assets, and dependent children's funds and assets as well. Your child could lose his college savings because of this.

Don't do it. It isn't worth the extra 8-10% that you save. There are retail programs open to everyone like buyer's groups, fleet buying, buying on credit/financing, mail-in-rebates, coupons, and much more. Many of them can be used in conjunction with each other.

Cars, trucks, and large equipment usually can be negotiated 18% at the dealer plus manufacturer rebates. They are out there too! Wright Stander has a published list of seasonal buying prices going all the way to 17%.....needless to say you can also negotiate your rates. If you are a savvy buyer you can get equipment around 25-30% off.... IN A LEGAL WAY!!!!

Don't even do it if the dealer says its okay. Cause then you are guilty and he is your inside partner. You would have then also been charged with conspiracy to commit fraud as well.

I'm not trying to bust balls here. I'm trying to save your neck!!!
No one said anything about doing anything illegal. You must mow for a NON-PROFIT to get the discount and the program is actually called bid assist. It was never even suggested to use anything other than that. Their is absolutely no reason anyone shouldn't take advantage of this discount if they qualify. I just saved over $2,400 on a brand new GS 52/24
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EcoLawn & Landscaping, LLC
'08 Chevy 2500HD
16ft tandem axle
2010 Toro Grandstand 52/24
2005 Dixie chopper SE 44/27
2009 Kubota BX 25
FS 90r (2)
BR 380
BR 600
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MS 290

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