Auto Racing
Does anybody have any experience in making a business of auto racing?
We have been racing go karts for several years, and are moving to Dwarf cars. In the past, we have not been able to offer sponsers a legitimate write off due to the fact that we were hobby racing and not getting paid. With Dwarf cars, there is a payout. We know we should be able to form a business to be able to offer sponsors a write off for their contributions as advertising, and write off our racing expenses. Does anyone out there have any experience with this sort of thing? In case it makes a difference, we are in California.
You should read 'The Great Money Hunt'. It's invaluable regarding motorsports sponsorship.
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