Being an established used car dealer in PA with a tax# through the state and an EIN#.....
Hello o:
I'd think that as an established business, you'd already HAVE a CPA on the payroll. In any case, I'd certainly HIRE one for this venture. It's NOT that he's got better information than I do. He doesn't. It's that he's covered with INSURANCE that protects YOU in case his information is wrong. You wouldn't HAVE that protection if you followed my advice. The bonus is that you get your books done right too.
CPA's aren't expensive either.
excon
PS> Do you have a cupholder for my '86 Volvo. Can you believe it doesn't have ONE cupholder???