S/SS combo @ BIR 2011 - Page 13

ron mattson · 02-22-2011, 04:22 PM

BIR just keeps looking better!!!!!

Eric Kitzan · 02-23-2011, 01:31 AM

Glenn, is it a possibility to have or be a contingency sponsor?

Joe Demarais · 02-23-2011, 11:15 AM

Its possible but not very probable. Do you want to be one??? How much money you got?

MEXJOE · 02-23-2011, 11:18 AM

Hi
It's funny you should ask.
I was thinking the same thing.
It may be hard to secure a contingency sponsor, BUT it could be done.
I am thinking we could have some TAX issues with it.
It would be a deal where maybe...
the track could take the money and pay it out to the racers??
I don't know all the details but I know most the other "groups" do things like that.
Thanks we need this kind of input and ideas!
Glen

Quote:

Originally Posted by Eric Kitzan

Glenn, is it a possibility to have or be a contingency sponsor?

Joe Demarais · 02-23-2011, 04:00 PM

If your going to look for a sponsor, and then accidently find one, better have a good plan on how they can promote their business. They are not going to give you "money for nothing and the chicks are free" !!! They want customers in return.

Eric Kitzan · 02-24-2011, 01:54 AM

Glen did you get my pm?

Joe Demarais · 02-24-2011, 10:51 AM

Also if you get a big contigency sponsor, who is going to give it out, the sponsor will want to write it off , that means that who ever wins the prizes should be a1099 reciepiant and a lot of headaches for the bookeeper. Just my 2 cents

Tim Lisson · 02-24-2011, 11:02 AM

Joe,

You need to settle down now. Everyone is a 1099 recip., even when you go to the casino and win big.

A series sponsor can be handled differently than a "contigency" sponsor. Proceeds are provided to the track and the track dispurses at each event. The track already has your SSN or FED ID # for taxes on file.

Anyone ready for spring?

Tim

Joe Demarais · 02-24-2011, 01:13 PM

No Tim, I'm busy looking for a contigency sponsor!!!!!

Kerby · 02-24-2011, 08:31 PM

Quote:

Originally Posted by Eric Kitzan

Glenn, is it a possibility to have or be a contingency sponsor?

Eric If you come up with a Sponser I think that woul be great. If they would sign up for the full race season, we could name the Five Race series, after there company, and this would be added on top of the pay out from BIR.

The Easiest way to pay out would be send the Sponser the Six Racer's that have money coming, Have the sponser write out the check, and mail them back to the Racer's. At the end of the year they can send out a 1099 form. If They have a company, they are aready sending out 1099 to other vendors & suppliers.

They would have to come up with at least $ 1000.00 per Race, otherwise
we would be getting 1099s,for for Fifty and hundred dollor checks.

The Box Is The Best (KISS)

Kerby
Sunny FLA

02-22-2011, 04:22 PM	#121
ron mattson Member Join Date: Nov 2005 Location: cloquet mn Posts: 466 Likes: 17 Liked 67 Times in 30 Posts	Re: S/SS combo @ BIR 2011 BIR just keeps looking better!!!!! __________________ Ron Mattson 5015 STK

02-23-2011, 01:31 AM	#122
Eric Kitzan Junior Member Join Date: Jul 2010 Location: Glen ullin ND Posts: 62 Likes: 3 Liked 0 Times in 0 Posts	Re: S/SS combo @ BIR 2011 Glenn, is it a possibility to have or be a contingency sponsor? __________________ Eric Kitzan 66 Chevelle Malibu Wagon Stocker

02-23-2011, 11:15 AM	#123
Joe Demarais Member Join Date: Dec 2003 Location: Forest Lake, Mn Posts: 109 Likes: 0 Liked 0 Times in 0 Posts	Re: S/SS combo @ BIR 2011 Its possible but not very probable. Do you want to be one??? How much money you got? __________________ Joe Demarais SS

02-23-2011, 04:00 PM	#125
Joe Demarais Member Join Date: Dec 2003 Location: Forest Lake, Mn Posts: 109 Likes: 0 Liked 0 Times in 0 Posts	Re: S/SS combo @ BIR 2011 If your going to look for a sponsor, and then accidently find one, better have a good plan on how they can promote their business. They are not going to give you "money for nothing and the chicks are free" !!! They want customers in return. __________________ Joe Demarais SS

02-24-2011, 01:54 AM	#126
Eric Kitzan Junior Member Join Date: Jul 2010 Location: Glen ullin ND Posts: 62 Likes: 3 Liked 0 Times in 0 Posts	Re: S/SS combo @ BIR 2011 Glen did you get my pm? __________________ Eric Kitzan 66 Chevelle Malibu Wagon Stocker

02-24-2011, 10:51 AM	#127
Joe Demarais Member Join Date: Dec 2003 Location: Forest Lake, Mn Posts: 109 Likes: 0 Liked 0 Times in 0 Posts	Re: S/SS combo @ BIR 2011 Also if you get a big contigency sponsor, who is going to give it out, the sponsor will want to write it off , that means that who ever wins the prizes should be a1099 reciepiant and a lot of headaches for the bookeeper. Just my 2 cents __________________ Joe Demarais SS

02-24-2011, 11:02 AM	#128
Tim Lisson Member Join Date: Aug 2003 Location: Solon Springs, WI Posts: 166 Likes: 0 Liked 0 Times in 0 Posts	Re: S/SS combo @ BIR 2011 Joe, You need to settle down now. Everyone is a 1099 recip., even when you go to the casino and win big. A series sponsor can be handled differently than a "contigency" sponsor. Proceeds are provided to the track and the track dispurses at each event. The track already has your SSN or FED ID # for taxes on file. Anyone ready for spring? Tim

02-24-2011, 01:13 PM	#129
Joe Demarais Member Join Date: Dec 2003 Location: Forest Lake, Mn Posts: 109 Likes: 0 Liked 0 Times in 0 Posts	Re: S/SS combo @ BIR 2011 No Tim, I'm busy looking for a contigency sponsor!!!!! __________________ Joe Demarais SS