Guests - If You want access to member only forums on HSO. You will gain access only when you Sign-in or Sign-Up on HotSpotOutdoors.

It's easy - LOOK UPPER right menu.

Sign in to follow this  
Followers 0
lm90

? about Hagen's

6 posts in this topic

Taking a break from pouring, and have a question about Hagen's.

I am hoping this is a place where I can get it answered. They use to list a lot more things on their HSOforum catalog, but now you have to oder a hard copy. My question is do all of you that go through them have a Retail ID # if so how do you go about obtaining one IE cost, paper work involved, or is there another way around it? I know their prices on some things just can't be beat by anyone else that I have went through (Jan's,Barlow's)and a few others.

Thanks for any help you all can give me,

Lm90

Share this post


Link to post
Share on other sites

You have to get a buisness license which is around a 100 $. You will then be assigned a Fed. tax id #. The next step is applying for an excise tax exemption. This is obtained from the IRS. They will come out to your buisness and review the procedures on the 10% excise tax if you plan on manufacturing sport fishing equipment. Hagens sells components that can be used in the manufacturing process of fishing lures so if you get your excise tax exemption you can send a form 637 to Hagens and will not have to pay the 10% excise tax. You will have to file quarterly tax returns and pay 10% tax to the IRS for any lures that you sell. If you just want to make regular purchases (for personal use) from hagens give them a call. They can fax you an order form and give you a customer #. You will be charged the 10% excise tax on top of the list price. I hope this helps.

Share this post


Link to post
Share on other sites

Unless your going to buy huge quanities and re sell what you make just call in your order out of their catalog. That way there is no hassling with Uncle Sam.

Share this post


Link to post
Share on other sites

I order quite alot of supplies from Hagen's and the only thing I needed was my Sales Tax ID.

Share this post


Link to post
Share on other sites

Thanks ddsbyday!

I figured it out. Now I just need to decide if I want to apply for a assumed name or use my full name in the company name to save money. I will also have to decide what inventory structure I will use, and decide if I want to go as for as starting a LLC to protect my butt against some of the money mongers out there if one of them was stop by the shop and fall(funny how that can happen in the middle of the summer).

Walleye4, MN doesn't have a retail tax number I guess, just the FED Tax ID # and to get it you have to be a licensed business in this state. Oh I can feel the joy of paying Quarterly taxes coming on(sorry for the sarcasm).

Thanks,

LM90

Share this post


Link to post
Share on other sites

If you are going to sell to retailers you will want the LLC. I looked and the fee was 160$ last year. If you have an attorney friend they can set up your organization. Since you are working with hazardous materials I would not list any employees. OSHA is not a govermental agency you want to deal with when starting a small buisness. Good luck.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now
Sign in to follow this  
Followers 0



  • Posts

    • nice story, fishing has a way of easing the pains we have. even when we hurt like crazy when done for the day we are looking forward to the next outing.
    • way to go, guys yep, the toms not about to give up even though its close to closing time have seen several strutters the past couple weeks and heard gobbles yesterday while fishing
    • great job. makes it 5 for 5 for team 5 congrats on a nice tom, 57 and that willl give our team score a boost
    • One More Cast      Photo by:  Roger Abraham   If any of you out there are regular readers of my tales, you have followed my recent struggles with back and knees.  I can’t put a name to this drive I have to be on the stream as of late.  It borders on obsession. I guess in my mind if I am healthy enough to fish the world is right with me and I am not getting old and feeble.      Today I was a witness to that I am not the only one.  Lots of anglers and hunters live to go out into the outdoors. .  It is what drives them.  It makes them feel alive.  It is their passion.  I told my fishing buddy Abe today my thoughts.  I told him how I was feeling a little old.  I guess my 60th birthday coming up next month makes me feel mortal.  Abe laughed and said I was a young buck compared to him.  Abe turns 76 this year.     Abe told me tales about catching big trout in tiny streams in Wisconsin and out west.  The twinkle in his eye when he reminisced I had seen before in many trout anglers.      We fished a stretch for 2 hours.  I sat down and rested often.  Abe kept on fishing. He got hung up in a box elder branch and lost a lure.  Abe told me box elders trees were his nemesis when he fished.   He asked me which tree was my kryptonite.  I told him, "ones with branches."  We both had a chuckle and continued fishing.   I thought to myself this guy is really driven.  I hope I am like him at 76.     We got to the vehicle and Abe wanted to continue fishing.  Abe’s waders sprang a leak earlier and he fell in the water a couple times.  He was quite wet.  He wanted to change in to dry clothes before we continue.  Abe peeled off his wet shirt and there were two things stuck to his chest.  He could tell by my questioning look he needed to tell me what was up.     Abe told me he had been having heart problems lately and he was supposed to be wearing a heart monitor.  He left it in the car because he was afraid of getting the electronics wet.  Here I have been whining about being old and the guy I was fishing with left his heart monitor in his vehicle.      Abe reassured me that he was in no danger and he could continue fishing.  I started brainstorming on a place to fish where it was not so hard walking.  Now that I knew he was not as healthy as he looked I wanted an easy place to fish.  I knew the place and it was upstream 5 miles.     We arrived at the well manicured field.  It looked like a golf green.  I picked the area because the farmer kept sheep and goats on the land and the weeds and brush were gone because of the goats.  We walked and fished.     Abe told tales of the old days and of fish lost and landed.  I walked a little forward to fish and looked back to check up on Abe.  What I saw when I looked back scared me and I immediately asked Abe if he was ok.  Abe was laying flat on the ground face down.  I thought the worst and he could tell by my face.  He told me to calm down.  His back was acting up and he needed to straight it out and that was the best way to do it.   We fished a little bit more and he took a photo of me.  He liked the lighting. He told me it captured the essence of trout fishing.  He did not have a camera.  I let him use mine.  He was not camera savvy and needed an impromptu lesson on how to use it.   We drove to his car and we talked about our love of the outdoors. We shook hands and headed our separate ways and promised to fish again soon.  As I drove home I smiled and thought about how I am going to be when I am 76.  I hope I am like Abe and my eyes still twinkle when I talk of chasing trout and I am still driven to make one more cast.
    • The past week has had me having multiple close calls and missing a brute at 45 yards.  Tonight I talked my dad to give it another try and there were birds in the field when we got there.  Birds ended up leaving as we tried to sneak in.  A short 20 minutes later they were back and we watched and worked the big group of toms and hens for more than 2 hours before we got one to commit.  Dad shot him with his 20 gauge at 48 yards,(this thing shoots an awesome pattern).  The 3 year old was down and only flopped a few times.   Nice 1+ inch spurs, 10" beard and heavy.  A good evening for sure!
    • Sorry to disappoint guys, but this tom was not my first bird of the season. Apparently that's part of the rules. The score won't count towards the team. I don't have any measurements for the jake I shot so we will have a zero from me.    At least my freezer is full. 
    • Way to  go 1957 !! Congrats!!
    • sugar is not a drug. 
    • Another good day today out on Superior ,,,, Had my first double and triple in the new rig today ,,, the day didnt start out with perfect weather but the fishing more then made up for it ,,, The mud  covers a lot of water but fishing the tea  colored water and edges of the mud paid off ,,, the cohos grew 5 inches  from eating this years smelt,,,, had some go 23 inches today 
  • Our Sponsors