pressure9pa

Thanks Scott. I had asked a similar question in another thread. I was using $475 / month for liability, and most basic coverages but not including the bond, autos, or life. Hopefully I'm in the infield, and not just the ballpark.

Would anyone be willing to share what they pay either through post or pm? I am also in the planning stage, and just need a sanity check at this point.

Welcome aboard!

I'm not a lawyer and don't pretend to be particularly educated in such matters, but do a little research on "implied warranty" if you get resistance from your current supplier. This assumes the supplier knew they were being used for liquor bottles. Your specific PO T&C are highly relevant as well.

A few notes: Shape of the chip is as important as weight. Weight is a factor, but total surface area is a bigger one. If the shape of your chip changes, so will the desired weight. Proof of the whiskey is a minor factor, but needs to be considered. Like all aging, the biggest factor is time. More chips can accelerate the aging to some extent, but there are limits.

Thanks for the reply. I've discussed this with a potential distributor since my original post, but I'm still struggling to plan inventory for unaged prodcuts, let alone things that need a while in the barrel. I think you're right. If the distributor knows what's around, even if their disappointed in a delivery at least they are not surprised.

Thanks for the offer. Sent a pm this evening.

@HedgeBird With a moderate amount of data entry to create VLOOKUP tables, it could be incorporated into the spreadsheet posted earlier. I've had that on the to-do list for some time, but haven't done it.

What proof(s) are these items?

I would also be interested in this service, and if any of the above posters would care to offer any reviews, it would be much appreciated.

Thanks to the OP for the question and to the respondants. I'm facing very similar issues in my planning.

Thanks for the post. I just sent it to my partners.

Congratulations.

Good Afternoon Everyone, First off all, as a long-time lurker, thanks to all for your willingness to help. I hope to be able to pay the knowledge forward one day to help future entrants and potential entrants. As I build my business plan, I'm struggling with inventory planning. Let's say I have perfect knowledge of what I'm going to sell over the next quarter (I know), but I don't know when the orders will be coming and from whom. If I get a call on Thursday from a distributor, and he wants to order a given quantity, when generally is he/she expecting this order to be packaged and on my dock? I could argue that the name "distributor" means that they should be buffering inventory with safety stock, however, reality says that the name "customer" means that I can't afford to have him think poorly of my delivery performance out of the gate. Is there a typical lead time granted to a distiller between time of order and time of shipment? Is there a finished goods inventory level at my location that would be pre-negotiated? Any insight or examples would be helpful. Thanks in advance.

I am a shareholder of other (not alcohol related) S-corps, and in the K-1 forms I receive give me credit for any taxes the corporations paid, just as I have to report my share of the income they produce. Would the federal and state excise taxes be treated the same way? Would the K-1 allow those taxes to be idenitfied as a tax paid by the individual shareholder of an S-Corp?