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Might start a new business.

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Expand view Topic review: Might start a new business.

by MobileAudio219 » Sun Feb 12, 2006 4:55 pm

Justin from Detroit wrote:what exactly would you be charging tax for? There is no tax on labor, and isn't lawn care all labor?
We have to pay taxes on what we make, we don't charge our customer taxes.

by Ryan from Ohio » Sun Feb 12, 2006 4:19 pm

$1000 is what I was quoted to get the papers drawn up by a lawyer...

by Justin from Detroit1 » Sun Feb 12, 2006 3:29 pm

what exactly would you be charging tax for? There is no tax on labor, and isn't lawn care all labor?

by MobileAudio219 » Sun Feb 12, 2006 2:16 pm

I think the hardest thing about doing this will be getting all the legal stuff in order. We're going to start out small, mainly doing residental mowing and general yard cleaning... The only expense of getting started started is going to be the legal matters, which I openly admitt is going to SUCK! :sad017:

by OnYrMrk » Sun Feb 12, 2006 10:14 am

hm..in Oklahoma an LLC will cost one only 100 bucks. So that would tell me that it varies in different states

by Ryan from Ohio » Sun Feb 12, 2006 7:29 am

Pay a lawyer for the LLC, will cost ya around $1000

You should really contact your local SBDA

Also with two owners/employees all OSHA regualstions and recordkeeping applies to you so beware...

by MobileAudio219 » Sat Feb 11, 2006 11:47 pm

Darthness wrote:i'd imagine they'd be pretty profitable once you have all your equipment payed off... i thought about doing a pressurewashing type of business once,e ven though i know nothing about it and don't even own or know how to operate a pressure washer. it just came to me. great huh?
we have all the equiment... basically now we are just trying to figure out how the taxes will work...

by Darthness » Sat Feb 11, 2006 11:14 pm

i'd imagine they'd be pretty profitable once you have all your equipment payed off... i thought about doing a pressurewashing type of business once,e ven though i know nothing about it and don't even own or know how to operate a pressure washer. it just came to me. great huh?

by JASON96R » Sat Feb 11, 2006 11:12 pm

The only thing I know for sure to do is become a LLC (Limited Liability Company) I'm pretty sure that will ensure that if someone was to sue your company they can't come after you only the companies assets.

BTW, I know the lawn care business can be very profitable. Good luck.

Might start a new business.

by MobileAudio219 » Sat Feb 11, 2006 10:15 pm

My cousin and I have been talking about starting a lawn care business. We want it to be legit, licence, insurance etc.

So what do we do? I guess go to the courthouse and see what types of permit(s)/licence(s) that is needed?

Since the company would be owned by the two of us (50/50) how would the taxes work? Does the company pay taxes, then we both pay taxes on what we make from the company?

Any company owners here want to shed light on how to get started?

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