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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.
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Old 02-11-2012, 12:06 AM
knosaj knosaj is offline
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I was also told that llc would prob be the best.

Bt again, and maybe I am way out of whack, the ONLY reason I want inc, is for branding purposes. Not business advanages. Once I have everything pinned down I'll post it and you'll know why. Lol, or you can say what a fool. Haha. Right now I think I have a pretty good idea.

I'm not questioning anyone's character, but I have been ripped off way too many times in the world of marketing and graphics. That's why I don't want to post anything premature. Once I have the domain set, which are available, then I'll post what I am thinking and get y'alls input. It would be good to hear others perspectives.
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Old 02-11-2012, 02:25 AM
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There is a catch with a s-corp. I have a construction friend that uses this format. What would be income is a dividend that is divided amongst shareholders. The shareholders are his family. He avoids most taxes this way. Hes been doing it for 20 years. I tried to pick his brain about it but was only told basic details.

I do know in the past some jurisdictions didnt tax dividends while others taxed at a lower rate. The new 2013 tax rates are the same as regular income.
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Old 02-11-2012, 09:35 AM
wandfsmall wandfsmall is offline
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I think it is best to talk to an accountant, in one state I operate it is cheaper and better for us to be an LLC in the other a corp is a better and cheaper option to protect yourself. it all depends on what state your in.
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Old 03-04-2012, 11:37 AM
LuckyClover LuckyClover is offline
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I have the benefit of my Lawyer also being my Brother, so I don’t pay for his time just the costs related to filing. He said “Because you will be doing much of the actual work yourself, it makes no sense to have an LLC... an S-Corp provides far better protection for you. That being said, S-Corps and LLC’s are both "pass through" entities for tax purposes. In other words, they are treated exactly the same for tax purposes.” In most states to set up an S-Corp it's like $300 to register, $200 for the stock shares, $200 for the corporate ledger and maybe $50 or $75 for expedited return of service.

For me the S-Corp made more sense because I not only do Lawn Care, but also Home Improvement and I wanted and needed the added protection. While it is easier and cheaper to set up an LLC vs. a Corp, you should also consider what services you provide, how much you do yourself, and how many employees you have or will have when deciding to set up a business. While an accountant may suggest a LLC, a Lawyer might suggest an S-Corp. as with anything educate yourself before making a decision.
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