Lawn Care Business Forum Lawn Care Business Book Lawn Care Business Blog Lawn Care Software
Home Forum Contract & Flyer Templates Blog Software Videos Podcast Calculators / Estimators Store Mower Review Design It Yourself Lawn Business School

Go Back   GopherHaul Landscaping & Lawn Care Business Marketing Forum > Business > General Business Discussions

General Business Discussions A place to talk about general business discussions.

Average Startup costs?


General Business Discussions

A place to talk about general business discussions.
Reply
 
Thread Tools Search this Thread
  #21  
Old 02-21-2010, 09:59 AM
JP Landscaping JP Landscaping is offline
Senior Member
 
Join Date: Feb 2010
Location: Nebraska
Posts: 213
Rep Power: 6
JP Landscaping is on a distinguished road
Default

I'm not sure on the difference on insurance rates between a LLC or a DBA. When I talked to my insurance guy, he told me it depends on the expected gross income, employees, etc. But didn't ask how it was structured.

When you get insurance, you make a list of your equipment and insure them as well.
Reply With Quote

Stop guess-timating. Learn how to estimate and make money! $$$
Mow Time Estimator Lawn Care Price Estimator Mulch and Topsoil Calculator Snow Plow Estimate Calculator


  #22  
Old 02-21-2010, 04:24 PM
picframer's Avatar
picframer picframer is offline
Andy
 
Join Date: Jan 2009
Location: Halifax, Nova Scotia
Posts: 2,885
Rep Power: 10
picframer will become famous soon enough
Default

Lawn care business tipsLawn Care Business Book
Quote:
Originally Posted by JP Landscaping View Post
I'm not sure on the difference on insurance rates between a LLC or a DBA. When I talked to my insurance guy, he told me it depends on the expected gross income, employees, etc. But didn't ask how it was structured.

When you get insurance, you make a list of your equipment and insure them as well.
Not sure how it works there but the tax side of it here between the two is very very different.

As for insurance it's a wash and here is why, with a Limited Liability company your operating insurance may be less but you have to carry Officers and Directors liability insurance as you can still be sued as an officer of the company.

Also in addition to faxing receipts of all equipment to the insurance company, I have pictures of everything I own on my laptop, backup hard drive and DVD.

What bugs me on the insurance side is every piece of gear I own has motion activated GPS tracking monitored 24/7 yet I don't get any brake on rates.

At the same time I would not set foot on a customers property without Insurance, just too much to loose, as for operating without a license it's against the law here and the fines start at $2,500 and yes they will catch you as the by-law police are out in full force year around, we were checked several times last year not only for being registered but they also went through the material data sheets on all the sprays we use.
__________________
Andy
Halifax, Nova Scotia
Reply With Quote
  #23  
Old 02-21-2010, 04:58 PM
ProCut TM
Guest
 
Posts: n/a
Default

Great info Andy, hopefully some of these young guys will step up and get legal. It's plain foolish not to.
Reply With Quote
  #24  
Old 02-21-2010, 08:19 PM
MikeO
Guest
 
Posts: n/a
Default just out of curiousity

Do they take your equipment as well or just fine you as you go?
What I mean is first offense, second offense etc...

After a certain point Im sure your done yes?
Reply With Quote
  #25  
Old 02-21-2010, 08:26 PM
picframer's Avatar
picframer picframer is offline
Andy
 
Join Date: Jan 2009
Location: Halifax, Nova Scotia
Posts: 2,885
Rep Power: 10
picframer will become famous soon enough
Default

Quote:
Originally Posted by ProCut TM View Post
Great info Andy, hopefully some of these young guys will step up and get legal. It's plain foolish not to.
I think if many that do things without a license and Insurance really thought about what could happen and if it did happen they would probably go ligit.

Last year on a tractor forum the guys were talking about things they ran over while mowing, it was something to read. I think the one post that really stood out was a fellow mowing very tall grass and hit a golf ball that launched and went through the windshield of a car, scary but if you consider the gear we all run it will launch whatever we run over.

Then we have the commercial vehicle insurance, I have been pulling trailers for over 28 years and consider myself well experienced yet I had a few heart pounding moments last year. One was when I was on the highway last fall pulling a 16 foot trailer with a tractor and the Dr. Lawn vac, a gust of wind came out of no where, even though I am running 6 ply tires, weight distribution system and sway bars, the trailer started to sway like crazy, without thinking I reached down and locked up the trailer brakes but in those few seconds it was enough to snap the sway bar right out of the plate and I was only going around 50 mph.

Another time I was pulling the 3 ton excavator and took an exit ramp off a four lane highway, there was a serious accident in a blind spot off the ramp, I might have been going 25 to 30 mph at the time and as soon as I saw the police standing on the road and a car upside down I locked everything up however there was no way I could get stopped in time and had to go between a concrete median and the car that was upside down, I cleared by less than a foot, I was wild as there were 4 police cars present yet not one was on the highway slowing traffic taking this exit so I stopped and had quite a discussion with the police and they quickly moved a car to the highway.

At any given time stuff can happen and it would be quite an embarrassment to get a stop work order while on a clients property because we were not licensed or worse yet and something did happen without insurance to protect us.
__________________
Andy
Halifax, Nova Scotia
Reply With Quote
  #26  
Old 02-21-2010, 08:35 PM
MikeO
Guest
 
Posts: n/a
Default yep

Quote:
Originally Posted by picframer View Post
I think if many that do things without a license and Insurance really thought about what could happen and if it did happen they would probably go ligit.
Do you advertise that you are legit and carry insurance? Do people even question that your company is?

We all know that some are and some are not legit. The question that i always think about is does that scare away people if you say you are, or does that help you? I have my insurance and license and its very affordable, but when I advertise I, always hinder the thought Do I add that in that I am?.

The more people who know you are, are they ready to sue you or come up with some crazy story that you broke there window or did damage to there roof or gutters or whatever to get something for free?.
Reply With Quote
  #27  
Old 02-21-2010, 08:40 PM
ProCut TM
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by MikeO View Post
Do you advertise that you are legit and carry insurance? Do people even question that your company is?

We all know that some are and some are not legit. The question that i always think about is does that scare away people if you say you are, or does that help you? I have my insurance and license and its very affordable, but when I advertise I, always hinder the thought Do I add that in that I am?.

The more people who know you are, are they ready to sue you or come up with some crazy story that you broke there window or did damage to there roof or gutters or whatever to get something for free?.
Yes I advertise LICENSED & INSURED and I have had many customers ask. It is an excellent closing tool when you can say you carry 2 million in insurance.
Reply With Quote
  #28  
Old 02-21-2010, 09:12 PM
picframer's Avatar
picframer picframer is offline
Andy
 
Join Date: Jan 2009
Location: Halifax, Nova Scotia
Posts: 2,885
Rep Power: 10
picframer will become famous soon enough
Default

We do state that we are registered and insured. Just a rough guess but on lawn care all the gated communities we do ask for proof, residential homeowner maybe 25%, commercial all ask for documentation.

I have never had a claim nor have I had a client state that we broke something, however I sleep well at night and during the day when I have staff at several sights it is simply something I don't have to worry about.

We do everything above the table, I refuse to do cash jobs under the table, aside from audit issues you never know who the prospect works for, just a headache I don't want.

I don't think it hinders our business, prospects bulk at having to pay tax which has cost us a few jobs but that is the way things go.
__________________
Andy
Halifax, Nova Scotia
Reply With Quote
  #29  
Old 02-21-2010, 09:20 PM
picframer's Avatar
picframer picframer is offline
Andy
 
Join Date: Jan 2009
Location: Halifax, Nova Scotia
Posts: 2,885
Rep Power: 10
picframer will become famous soon enough
Default

Quote:
Originally Posted by MikeO View Post
Do they take your equipment as well or just fine you as you go?
What I mean is first offense, second offense etc...

After a certain point Im sure your done yes?
I asked one day as I was curious. A stop work order is issued and you would have to load up and leave until you have your house in order, if you left the site until the officer left and then came back and were caught then your equipment is seized and you would be facing two fines, that is a lot of mowing just to get even again.

So you would have the down time, up to three weeks while you did the paperwork to become registered and insured and may the good lord help you in the event of an audit and it is determined you were self employed without being registered. IMHO you could kiss your customers good bye as clients will not wait two or three weeks for you to come and mow their grass.

It's something that is taken quite serious not only by the city but by the provincial and federal governments, yet some still manage to get away with it. I think what they do is show up with a truck or van with no company name and maybe one employee, mow and leave. In this case if the by-law people were driving by they would probably not even stop as you could be the homeowner.
__________________
Andy
Halifax, Nova Scotia
Reply With Quote
  #30  
Old 02-22-2010, 08:38 AM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 37,509
Rep Power: 10
Steve has disabled reputation
Default

Quote:
As for insurance it's a wash and here is why, with a Limited Liability company your operating insurance may be less but you have to carry Officers and Directors liability insurance as you can still be sued as an officer of the company.
This is fascinating as I don't think it has been brought up yet. Can you tell us a little about this kind of insurance and when it comes into play?

Quote:
Also in addition to faxing receipts of all equipment to the insurance company, I have pictures of everything I own on my laptop, backup hard drive and DVD.
Would you have to do this for both a dba and an (llc/scorp)? Or is this based on the way you register your business?
__________________
- Subscribe to my Lawn Care Marketing Blog Feed and get daily tips sent to you. Free!
Download your Free trial of Gopher Lawn Care Software.
Reply With Quote
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
I came across this on a...
rootytalbot
Yesterday 11:04 AM
Today 03:34 PM
by jrs.landscaping
5 102
recycler toro 22"
rvezakis
Today 12:10 PM
Today 12:10 PM
by rvezakis
0 25
Help bidding a hedge...
hopolb33
Yesterday 06:09 PM
Today 11:08 AM
by Steve
1 58
Big mowing job
Bradcook21
07-30-2015 03:57 PM
Today 11:06 AM
by Steve
7 171
scag SWZT review!
mattthelawnguy
07-23-2015 02:28 PM
08-01-2015 11:27 AM
by mattthelawnguy
10 420
Say Hello !!!
Steve
03-19-2007 11:18 AM
07-31-2015 12:29 PM
by Steve
1,227 401,603
Hello Everybody
budspop
07-30-2015 11:42 AM
07-31-2015 12:28 PM
by Steve
1 74
Should I buy this Exmark...
googus
07-03-2015 09:22 AM
07-31-2015 11:34 AM
by googus
9 613
Hello!
brandycarlton
07-29-2015 12:31 PM
07-29-2015 03:54 PM
by Steve
1 146
Assessing the Market
NJDB60
07-27-2015 03:25 PM
07-28-2015 09:24 PM
by Steve
2 264
Whats wrong with this...
GreenWorx
07-28-2015 07:56 PM
07-28-2015 09:09 PM
by Steve
2 243
Funny craigslist post
GreenWorx
07-28-2015 07:17 PM
07-28-2015 09:02 PM
by Steve
2 259
Watch out for this -...
rootytalbot
07-22-2015 02:13 PM
07-28-2015 09:00 PM
by Steve
7 411
NewVenture
NJDB60
07-27-2015 03:38 PM
07-28-2015 08:58 PM
by Steve
1 235
Pricing issue
Mr. Mow
07-07-2015 06:15 AM
07-27-2015 06:40 PM
by GreenWorx
17 809
how to make customers...
Bradcook21
05-27-2015 05:04 PM
07-27-2015 06:08 PM
by GreenWorx
15 2,985
Need your help, Gopher...
Chilehead
07-23-2015 07:02 PM
07-27-2015 11:28 AM
by Steve
11 401
These are the days on...
ExtremeLawncareServices
01-11-2015 10:41 AM
07-27-2015 11:22 AM
by Steve
94 10,497
Dogs
Mr. Mow
06-29-2015 02:37 PM
07-25-2015 07:50 AM
by Chilehead
12 2,448
Just about mid year, how...
GreenWorx
06-24-2015 07:05 PM
07-22-2015 07:31 PM
by Chilehead
14 2,521
Learning as I grow -...
WarriorLandscapingCAN
07-18-2015 07:46 AM
07-21-2015 10:53 AM
by Steve
3 330
Large dirt mound removal
purdue1973
07-09-2015 07:45 PM
07-20-2015 12:55 PM
by Steve
6 477
Hey everyone
Fantasy landscaping
07-09-2015 06:53 AM
07-09-2015 11:47 AM
by Steve
1 347
Quickbooks Online
jscarolina
07-08-2015 07:54 AM
07-08-2015 12:55 PM
by Nate10928
1 369
I dont know what to do...
Bradcook21
06-21-2015 08:49 AM
07-07-2015 09:48 PM
by SGL1
16 2,774
Start LIKING FACEBOOK...
rlclawncare123
02-26-2015 12:06 AM
07-07-2015 02:54 PM
by GreenWorx
13 3,709
Is it too late to do...
markty
06-16-2015 05:28 PM
07-07-2015 01:00 PM
by problem solver
9 2,516
Hi everyone
Mattw
07-06-2015 05:59 PM
07-07-2015 10:18 AM
by Steve
1 372
4th of July parade...
Steve
07-06-2015 10:35 AM
07-06-2015 10:35 AM
by Steve
0 319
Unemployment rates drop,...
Steve
07-02-2015 12:40 PM
07-06-2015 10:30 AM
by Steve
4 492
» Popular Tags
accounting advertising applying bark blowout bob villa bush collections contract help curb appeal services deliquentaccounts demonstration design door hangers edging employee problems equipment rental facebook flyers free advertising free lawn care google hardscapes hiring how to husqvarna hydro increase customers invoicing jobs landscape services landscaping landscaping training lawn care lawn care busines plan lawn mowing marketing more customers business mr dave new business ordinance past due patio install per hour charge per hour service plowing pricing quickbooks online roundup scag secrets to landscaping sell the vision seo shreaded small engine repair snow plowing solo solo backpack sprayer sq ft square foot swzt tree tree pics up sell employee walk behind web design website website design winterization wood
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 07:46 PM.


(C) 2011 Riggs Publications - Terms of use & Privacy Policy

All times are GMT -5. The time now is 07:46 PM.

(C) 2011 Riggs Publications - Terms of use & Privacy Policy