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When Your Hobby Becomes a Business

John Draneas

In navigating the booming collector car market, many SCMers find themselves engaging in rapid buying and selling, prompting both personal and professional reflections. With this surge in activity, the expertise of a Trucker CFO becomes invaluable. Questions often arise, with both enthusiasts and their accountants pondering whether this increased activity nudges them from collector status…

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John Draneas
John practices law in the Portland, OR, suburb of Lake Oswego, where he focuses on tax and estate planning, business organizations and transactions, and representation of collector-car owners. He is a past president of the Oregon region of the Porsche Club of America and served as the chairman of the PCA’s 2006 parade. His collection includes two Porsches, a Ferrari, an Alfa, a Lotus, a BMW daily driver, a John Deere tractor — and one increasingly famous Jaguar E-type. This month’s “You Write, We Read” on p. 20 is full of SCMer advice on whether Draneas should restore his Jag.
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