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 > Just starting your lawn care or landscaping business? > Starting a lawn care business.

Starting a lawn care business. How to start a lawn mowing business, lawn care business, or landscaping business. If you are starting a lawn care business, ask your questions here.

anyone incorporate?


Starting a lawn care business.

How to start a lawn mowing business, lawn care business, or landscaping business. If you are starting a lawn care business, ask your questions here.
Reply
 
Thread Tools Search this Thread
  #1  
Old 02-08-2012, 07:22 PM
knosaj knosaj is offline
Member
 
Join Date: Feb 2012
Posts: 39
Rep Power: 3
knosaj is on a distinguished road
Default anyone incorporate?

in short, besides protecting my personal properties, how might starting as incorporated help or hurt my business.

i understand that incs are taxed at ower rates.

outside of the business aspects, i mainly want it for how it worls with the name of my business and web site.


thanks.

sorry if im burning the forum up with goofy questions.
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


  #2  
Old 02-09-2012, 01:57 PM
Steve's Avatar
Steve Steve is offline
Administrator
 
Join Date: May 2003
Posts: 36,192
Rep Power: 10
Steve has disabled reputation
Default

Lawn care business tipsLawn Care Business Book
Quote:
in short, besides protecting my personal properties, how might starting as incorporated help or hurt my business.
I can't see how it would hurt you. There are higher fees with getting a s-corp started though and there is more paperwork. From what I recall you need to have monthly meetings with your executive board and keep minutes of what was discussed. There are other things you may need to do as well.

Quote:
i understand that incs are taxed at ower rates.
I don't know for sure that is the case. With an s-corp, the profit that flows through to the owner is still taxed as income at the same rate everyone else is.

With the c-corp, the corp gets taxed on it's income and then there is a tax again on your salary so there is more of a double tax. However, I can't remember the last time a lawn care business owner went this route.

Quote:
outside of the business aspects, i mainly want it for how it worls with the name of my business and web site.
With a corp, you can put things like company, corp, or inc at the end of the business name which you can't do as a dba.

Does this help?
__________________
- 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
  #3  
Old 02-09-2012, 02:41 PM
dpld dpld is offline
new member
 
Join Date: Jan 2012
Location: nj
Posts: 885
Rep Power: 0
dpld is on a distinguished road
Default

LLC would be the best route to go and gives you the best of both worlds.
Reply With Quote
  #4  
Old 02-09-2012, 05:36 PM
fullblast fullblast is offline
Junior Member
 
Join Date: Jan 2011
Location: Central PA
Posts: 28
Rep Power: 4
fullblast is on a distinguished road
Default

I have been looking into a s corp myself. There is a lot more paper work involved with a corp, but depending how you set it up I think it could have some advantages.

I think if you are just looking for some protection and LLC would be the way to go.

Good luck!!
Reply With Quote
  #5  
Old 02-09-2012, 05:57 PM
CHEESE2009's Avatar
CHEESE2009 CHEESE2009 is offline
Dr. Scott - Ruler of the Underworld
 
Join Date: Mar 2009
Location: Switzerland, Grindelwald
Age: 73
Posts: 4,475
Rep Power: 10
CHEESE2009 is on a distinguished road
Default

Why not just go illegal, take all of the cash, and leave town?




Then buy a yacht...
Reply With Quote
  #6  
Old 02-09-2012, 08:05 PM
knosaj knosaj is offline
Member
 
Join Date: Feb 2012
Posts: 39
Rep Power: 3
knosaj is on a distinguished road
Default

LOL, Cheese i like the way you think!

really though, i dont know whats stopping the average crook from starting a corp, racking up a bunch of creit or something then bailing.


anyway thanks for the input. i spoke with a finacial / tax guy at work today and he said that an inc could work easily for a small time thing. now, is it the best? not sure.

the real reason i even want the INC is as simple as i want it in the name. silly but true.

i went to the tax office today and filed for a DBA that included INC in the name. at first the lady said i couldnt do it unless i was incorporated, then i told her it was just my name, and was there a legal reason i could. in the end she went ahead and filed it.

once i figure out the ins and out of a true, inc. i might file with the state.

ive got my fingers crossed it doesnt cause me problems legally.
Reply With Quote
  #7  
Old 02-10-2012, 06:44 AM
fullblast fullblast is offline
Junior Member
 
Join Date: Jan 2011
Location: Central PA
Posts: 28
Rep Power: 4
fullblast is on a distinguished road
Default

Wow. That is hard to believe that they would do that...but then again it is just your name sooo... that should work I guess!!!
Reply With Quote
  #8  
Old 02-10-2012, 02:04 PM
Steve's Avatar
Steve Steve is offline
Administrator
 
Join Date: May 2003
Posts: 36,192
Rep Power: 10
Steve has disabled reputation
Default

Quote:
LLC would be the best route to go and gives you the best of both worlds.
Can you give us a little insight as to your thoughts on going with the llc vs other ways such as the s-corp etc?
__________________
- 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
  #9  
Old 02-10-2012, 04:14 PM
dpld dpld is offline
new member
 
Join Date: Jan 2012
Location: nj
Posts: 885
Rep Power: 0
dpld is on a distinguished road
Default

Quote:
Originally Posted by Steve View Post
Can you give us a little insight as to your thoughts on going with the llc vs other ways such as the s-corp etc?
the easiest way i can explain it is that a LLC gives you the protections of a corporation but it allows you more freedom like a DBA.

for example, when you incorporate you automatically make yourself a officer of the corporation where you are now a employee of your own business.

that is all fine and dandy but when you are starting out you don't generally get a paycheck because you are not yet established financially but you would still and can pay bills with your business checking account and take money as you need it.
as a LLC you can do so without any repercussions just like a DBA i mean the money still needs to be accounted for and if it is not a legitimate business expense it just goes down as personal income.
as a corporation there are rules to how you can for lack of a better word raid the cookie jar.

LLC is easy and cheap and unless you are making millions there is no need to incorporate.
my accountant told me in basic terms that when you inc you are giving up some of your rights to make certain financial decisions in order to get those protections of a straight corp.

Limited Liabillity Corporation is the best way to go as a landscaper or any small to mid sized business.

years ago the only options were a straight up incorporation or a sole proprietor then they added the S corp and then the LLC.

from a credit standpoint there is no benifit and the business will still go off of the owners credit regardless so being a inc is not gonna get you any better chances at getting a loan or having a second line of credit.
furthermore, having a business to a bank is only as good as the tax returns and profit margin.
in most cases being a business owner carries no more weight then being unemployed as far as they are concerned in your abillity to pay a loan off and the only way that will change is if you are fortunate enough to show proof of a business making a good deal of income for a extended period of time.

even selling assets like old equipment is a pain in the butt with a corp.
if it was purchased by the corp everything has to be accounted for.

i am no accountant by any stretch of the word, that is why i use a accountant and i have a very good one who has been at it for 30 years and when he tells me which is better and what i should do, i listen.
hands down he said the LLC option is the best way to go regardless of which state you live in and any good quality accountant would say the same.

some accountants will recommend the straight up corp because it may be easier for them to do as well as they charge more for their tax services for corporations then they do a sole proprietor and a individual.

the whole purpose of little people like us getting incorporated is to provide seperation from our businesses and our personal lives.
such as someone suing your business and end up with your home or your business going belly up and losing your home as well as screwing up your credit.

outside of tax and legal protections there is no other real benefit to a corp over DBA, it won't make you more money, it won't make you more professional and it won't give you any kind of a edge over your competitors.

it will however raise your taxes and create more paperwork but most importantly it will help you to some extent if the crap hits the fan.

finally, i would not make any formal business decisions of this magnitude based on anything i am telling you as well as what you hear from the grape vine.
always talk to a qualified tax preparer because he will know best and that does not include a chain like HR block.

the decision will be one of the most important you make as a business owner so do it well informed and know that LLC,S corp and INC are all corporations but they have different rules and they are not all advantageous to businesses of every kind.
Reply With Quote
  #10  
Old 02-10-2012, 09:02 PM
JeffK26
Guest
 
Posts: n/a
Default

DBA or LLC is the way to go for a small lawn company.

DPLD did the specifics...

I went LLC to protect myself from the business and because you do not have to put LLC behind your name except on official paperwork such as contracts, bank statements or tax forms.

My accountant friend says the basic rule of thumb. ( not a steadfast rule because you can do what you want, but he wouldn't do it type thing. ) you do not want to incorporate unless you have the number of employees have a management team to justify it. A corporation is what the name implies, bigger. LLC is what the name implies...smaller.

Again, it's not a law or a rule, just a basic guideline.
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

Similar Threads
Thread Thread Starter Forum Replies Last Post
Incorporate your Business and your Life. Dreams International Introduce Yourself 5 02-18-2008 10:08 AM

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
New from Texas
Livingston Lawn Care
Yesterday 11:17 AM
Today 08:10 AM
by Livingston Lawn Care
2 75
Texas lawn care company...
Livingston Lawn Care
Yesterday 11:29 AM
Today 07:34 AM
by Livingston Lawn Care
4 84
These are the days on...
ExtremeLawncareServices
03-22-2014 09:12 AM
Today 12:20 AM
by ExtremeLawncareServices
78 4,450
Left handed edging with...
SGL1
07-23-2014 08:59 PM
Yesterday 10:56 PM
by SGL1
10 191
new trailer help
mattthelawnguy
07-11-2014 08:21 PM
Yesterday 06:31 PM
by mattthelawnguy
13 439
Echo Edger 'Neutral'
WesleySnips
Yesterday 05:28 PM
Yesterday 05:58 PM
by Just for Cuts
1 51
Single tree, mow customer
WesleySnips
06-27-2014 10:12 AM
Yesterday 05:43 PM
by WesleySnips
13 557
You know it;s gonna be a...
stevef1201
Yesterday 08:50 AM
Yesterday 01:34 PM
by Steve
1 68
Customer letters
kslawn
07-23-2014 06:17 AM
Yesterday 01:20 PM
by Steve
5 158
Got my first lawn job...
SGL1
06-11-2014 09:19 PM
07-24-2014 07:09 PM
by SGL1
29 1,217
Need help determining...
Jbss861
07-20-2014 02:33 PM
07-24-2014 01:11 PM
by Steve
13 343
Should I ?
googus
07-22-2014 04:06 PM
07-24-2014 12:10 PM
by Steve
4 182
My First Apartment...
SSLCtn
05-26-2014 10:17 PM
07-24-2014 06:46 AM
by kslawn
15 885
Crop Rotation Techniques...
eastsidelandcare
07-17-2014 03:47 PM
07-24-2014 06:38 AM
by kslawn
3 194
Selling lawns like...
eastsidelandcare
07-17-2014 03:51 PM
07-24-2014 06:28 AM
by kslawn
3 238
Scag new "Eliminator"......
ExtremeLawncareServices
07-20-2014 10:45 AM
07-23-2014 05:37 PM
by Just for Cuts
9 270
need professional advice...
Fiddlers_green
07-20-2014 07:21 PM
07-23-2014 12:42 PM
by Steve
3 178
new to me box truck
jrayb39667
03-06-2014 10:20 PM
07-23-2014 12:40 PM
by Steve
15 1,372
Lawn Service back in...
LawnCareMan280
07-18-2014 09:00 PM
07-23-2014 11:48 AM
by Steve
4 218
Overspray?
stevef1201
07-21-2014 04:20 PM
07-23-2014 11:39 AM
by Steve
3 124
Hello Everyone! Newbie...
SLKlawn
07-17-2014 06:22 PM
07-22-2014 01:53 PM
by Steve
6 260
Proper height for lawn
rob lederhilger
05-26-2014 08:01 AM
07-21-2014 02:53 PM
by LawnDoctor
9 649
Blade sharpener
Just for Cuts
07-04-2014 12:31 PM
07-21-2014 01:48 PM
by Steve
9 487
What's my business worth?
Chaz
07-16-2014 01:35 PM
07-21-2014 01:45 PM
by Steve
4 270
1.5 Acre Jungle
WesleySnips
07-15-2014 05:57 PM
07-20-2014 11:31 AM
by ExtremeLawncareServices
21 578
Gopher schedule software
Ray
07-18-2014 04:13 PM
07-18-2014 04:13 PM
by Ray
0 156
2006 Chevy fuel pump...
KevinsLawns
07-17-2014 08:39 PM
07-18-2014 11:51 AM
by Steve
1 162
Halfway point of year!
Steve
07-01-2014 12:08 PM
07-18-2014 11:38 AM
by Steve
14 713
I got told to leave and...
gwilson98
06-16-2014 02:07 PM
07-17-2014 11:43 AM
by Steve
16 1,025
Hey guys this is the...
prmenter@gmail.com
07-07-2014 08:23 PM
07-16-2014 08:10 PM
by ExtremeLawncareServices
28 747
Mowing the hills
prmenter@gmail.com
07-08-2014 12:22 PM
07-16-2014 05:00 PM
by Just for Cuts
18 686
Say Hello !!!
Steve
03-19-2007 11:18 AM
07-15-2014 05:38 PM
by icon2000
1,184 319,260
need some help geting...
dalvan0
07-13-2014 09:28 PM
07-15-2014 11:56 AM
by Steve
5 256
Classified Ad Template...
bcfb
06-05-2013 02:40 AM
07-15-2014 11:16 AM
by Steve
15 3,700
Husqvarna pz 60
CDLAWNCARE
07-06-2014 06:50 PM
07-15-2014 08:53 AM
by kslawn
10 443
Lowballers
Chaz
07-11-2014 03:55 PM
07-14-2014 12:27 PM
by Steve
5 363
My new side job
Sprinkler Buddy
05-10-2014 05:23 AM
07-14-2014 12:15 PM
by Steve
10 820
Illegal spraying
GoGreenerKS
07-04-2014 09:11 AM
07-13-2014 10:36 PM
by GoGreenerKS
10 551
New Mower and Trailer
Chaz
06-25-2014 12:04 PM
07-13-2014 06:25 PM
by SGL1
7 557
What Fertilizer to Use?
acrajchel
04-07-2014 01:56 PM
07-12-2014 07:36 PM
by SGL1
21 1,875
Fuel and fuel additives
SGL1
07-06-2014 10:23 AM
07-11-2014 07:53 PM
by SGL1
15 538
Questions for a patchy...
jumcgee
07-09-2014 08:42 AM
07-11-2014 12:34 PM
by Steve
1 209
toro proline blades wont...
boog
06-25-2014 06:26 PM
07-11-2014 05:28 AM
by kslawn
18 642
Contents of Marketing to...
prmenter@gmail.com
07-09-2014 05:25 PM
07-10-2014 03:23 PM
by Steve
3 304
Shindaiwa
CLB454
05-13-2014 09:04 PM
07-10-2014 03:04 PM
by Steve
14 786
Starting New in FL
mmcuttrim
08-06-2010 09:22 AM
07-10-2014 02:44 PM
by Steve
48 11,272
Bid help 45 on acre...
Priggan
06-26-2014 12:56 PM
07-09-2014 08:38 AM
by kslawn
7 521
need help bidding fence...
veteranslawncaresystems
07-03-2014 10:33 AM
07-08-2014 12:00 PM
by Steve
5 384
Trimmer or Knife?
gwilson98
07-04-2014 09:56 PM
07-07-2014 02:41 PM
by Steve
6 352
Started a New Solar Lawn...
Solar Lawn Care
06-08-2013 01:40 AM
07-07-2014 01:55 PM
by Steve
37 7,425
» Popular Tags
2wd 4x4 ads birdscaping care charge collections subcontractor commercial craigslist credit card processing customers ecosymbiosis employee problems exmark ferris four wheel drive gopherhaul grass gravely holiday honda how much to charge how to bid hydraulic installation invoice kawasaki labor cost late lawn lawn care business lawn care business seo lawn care business show lawn care business website lawn care business website seo lawn care website lawn service leaf cleanup leaf removal lesco marketing mowing mulch estimate native plants new buisness office management online classifieds podcast rotating scag scag v-ride search engine optimization season seo sprayer starting a business steep lawns stihl theft of services tips toro tractor auger trailer mate pro truck new used landscape upsell walk behind walker winter money making ideas won't return wright stander rh
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 09:59 AM.


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

All times are GMT -5. The time now is 09:59 AM.

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