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 online now
Administrator
 
Join Date: May 2003
Posts: 36,511
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 online now
Administrator
 
Join Date: May 2003
Posts: 36,511
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
Dealing With Gas Can...
Mr. Mow
10-21-2014 01:41 PM
Yesterday 10:35 PM
by SGL1
6 195
raking leaves ?
robert8509
Yesterday 09:19 PM
Yesterday 09:19 PM
by robert8509
0 27
hey everyone
robert8509
Yesterday 08:16 PM
Yesterday 08:16 PM
by robert8509
0 33
Leaf Box & Loader Set...
ringahding1
10-21-2014 06:20 AM
Yesterday 06:51 PM
by Matther777
4 176
Pda
stevef1201
10-18-2014 02:05 PM
Yesterday 04:49 PM
by WesleySnips
3 280
Workmans compensation...
CDLAWNCARE
10-15-2014 08:05 AM
Yesterday 01:47 PM
by The Hunter
3 430
Pressure Washing Like a...
TNTurf
08-01-2014 11:47 PM
Yesterday 01:33 PM
by Steve
9 742
Hello, from TEXAS
sanchez5
10-17-2014 09:56 PM
Yesterday 01:27 PM
by Steve
6 370
Organic Lawn Care...
NHray
10-17-2014 06:05 PM
Yesterday 01:23 PM
by Steve
3 337
Hi Steve From West...
Mr. Mow
10-21-2014 01:59 PM
Yesterday 01:19 PM
by Steve
1 115
Cheapskate Landlord...
Mr. Mow
10-20-2014 06:33 AM
Yesterday 01:17 PM
by Steve
9 279
Help a brother...
tbtigers03
09-28-2014 11:41 AM
Yesterday 08:51 AM
by ringahding1
12 1,476
first year update
cmdlawncare
08-12-2014 05:41 PM
Yesterday 07:47 AM
by ringahding1
4 1,300
What parts do you carry...
Just for Cuts
10-17-2014 09:08 AM
10-21-2014 01:36 PM
by Mr. Mow
16 623
Jungle to Beautiful
stevef1201
10-17-2014 09:54 AM
10-21-2014 01:26 PM
by stevef1201
11 472
These are the days on...
ExtremeLawncareServices
03-22-2014 09:12 AM
10-21-2014 01:19 PM
by ExtremeLawncareServices
158 11,331
Sunny Beach Tennis...
SGL1
10-19-2014 11:24 PM
10-21-2014 01:04 PM
by SGL1
4 232
Have you ever had to...
SouthernRootsLawnCare
07-26-2014 02:41 PM
10-20-2014 08:34 PM
by biglee
10 1,781
Look out Bob Villa -...
Mr Dave
09-30-2014 10:06 AM
10-20-2014 05:42 PM
by SGL1
7 1,288
how to fi d commercial...
mchampion319
10-19-2014 09:50 PM
10-20-2014 04:41 PM
by Steve
1 199
Hello From Tennessee
mrmann901
10-17-2014 10:02 PM
10-20-2014 04:24 PM
by Steve
1 271
questions on order to...
jack2048
10-13-2014 11:15 AM
10-20-2014 03:27 PM
by Mr. Mow
15 714
This sucks...
Matther777
09-18-2014 04:56 PM
10-20-2014 02:14 PM
by Steve
14 2,163
Cement mixer
KevinsLawns
10-15-2014 08:03 PM
10-20-2014 02:11 PM
by Steve
7 453
Hello ! New guy Rob here
RWorthley1
10-17-2014 04:05 PM
10-20-2014 02:09 PM
by Steve
1 291
Snow Blowing
gwilson98
10-12-2014 02:21 PM
10-17-2014 02:51 PM
by Steve
6 637
Spreading Weeds?
WesleySnips
07-27-2014 09:46 PM
10-17-2014 07:49 AM
by SGL1
6 935
Grasswhoopins.com Anyone...
GRASS WHOOPINS
06-21-2011 11:38 PM
10-16-2014 01:30 PM
by ExtremeLawncareServices
42 9,294
I Want to buy old...
ExtremeLawncareServices
10-10-2014 10:04 PM
10-15-2014 09:12 PM
by ExtremeLawncareServices
6 666
Say Hello !!!
Steve
03-19-2007 11:18 AM
10-15-2014 06:43 PM
by NHray
1,190 340,110
Do you find weed eating...
chuck2s
10-15-2014 02:10 PM
10-15-2014 02:10 PM
by chuck2s
0 382
Incorporating &...
WesleySnips
10-01-2014 09:39 PM
10-15-2014 01:37 PM
by kslawn
20 1,479
Falling into business
stellarmowing
09-28-2014 04:35 PM
10-15-2014 05:57 AM
by ringahding1
8 1,497
Apartment Complex and...
lxarth
06-22-2011 01:10 PM
10-14-2014 06:25 PM
by jrs.landscaping
42 9,578
I LOVE hedge trimming
stevef1201
10-13-2014 09:05 AM
10-14-2014 01:06 PM
by Steve
5 522
Help with seeder...
ExtremeLawncareServices
10-09-2014 07:39 AM
10-13-2014 08:09 PM
by ExtremeLawncareServices
5 681
The Market watch
WesleySnips
10-12-2014 08:47 PM
10-13-2014 05:40 PM
by SGL1
3 520
Help pricing a large...
Bradcook21
10-07-2014 06:49 AM
10-13-2014 02:00 PM
by Steve
7 869
leaf removal
Double J LLC
10-03-2014 04:24 PM
10-13-2014 06:46 AM
by Billy Goat
19 1,502
Acerage Rake
acrajchel
04-23-2014 07:23 PM
10-12-2014 10:53 PM
by SGL1
2 830
John Deere z235 Deck
WesleySnips
09-29-2014 06:02 PM
10-12-2014 06:20 PM
by kslawn
25 1,643
Credit card contract
SGL1
10-06-2014 05:31 PM
10-12-2014 03:40 PM
by SGL1
18 1,057
Truck craft dump bed...
ExtremeLawncareServices
10-04-2014 08:41 PM
10-10-2014 11:35 AM
by Steve
7 962
First Time River Rock...
berryjam
10-09-2014 06:09 PM
10-10-2014 11:08 AM
by Steve
2 606
West cost lawn prices
SGlawncare
10-09-2014 09:51 PM
10-10-2014 11:03 AM
by Steve
1 592
Question?what should I...
dalvan0
09-24-2014 11:10 PM
10-09-2014 05:58 PM
by kslawn
28 2,131
Mowing the hills
EyeCatchersNow
07-08-2014 12:22 PM
10-09-2014 04:19 PM
by Just for Cuts
25 3,004
snowplowing
jshak40
09-01-2014 07:20 AM
10-09-2014 02:21 PM
by Steve
25 3,641
Changing Scag Freedom Z...
maggiedavidson
10-06-2014 12:24 PM
10-08-2014 06:34 PM
by ExtremeLawncareServices
7 845
The most dangerous part...
Steve
10-06-2014 02:45 PM
10-07-2014 04:18 PM
by ExtremeLawncareServices
3 824
» Popular Tags
4wd apartment complex article marketing bark bid blades bob villa charge collections collections subcontractor commercial decorating demonstration ditches edging employee problems estimate exmark ferris first truck gopherhaul gravely growing a lawn care business hardscapes honda how much to charge hydraulic installation introduction landscape services lawn lawn care lawn care business lawn care business seo lawn care business show lawn care business website lawn care business website seo lawn care website marketing mechanic monthly mr dave mulch mulch price new mower past due patio install podcast promotion reo running a business scag scag v-ride search engine optimization seo shell small engine repair snow starting a business start up lawn care business steep lawns steve stihl theft of services toro tree truck new used landscape turfgrass consulting walker won't return
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 01:14 AM.


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

All times are GMT -5. The time now is 01:14 AM.

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