PDA

View Full Version : Business structure


J Berry
11-14-2000, 07:15 PM
What would be the most common business structure
set up for a one man lawn care operation?
A.) Sole Proprietorship
B.) Limited Liability Company
C.) S-Corp
D.) Other

None of the above

Just wondering which maybe best

Thanks for any info Jim~~

Oh yea I'm not with the IRS

thelawnguy
11-14-2000, 09:15 PM
Most common? Sole proprietership.

Best? hee hee, please keep arms and legs inside the car while the ride is in motion ;)

Nathan
11-14-2000, 09:39 PM
Do you already have your company in operation. If not or if there is nothing official you should talk to your accountant, get one if you don't. Me and my partner acted before we should have and will eventually have to pay for it. My accountant told us that there are benefits to all of your options as well as drawbacks, but the overall best way to go is an s-corp. But, as I said talk to an accountant first, they passed the tests for a reason.

Vandora Lawn & Landscape
11-14-2000, 09:41 PM
LLC looks promising. The simplcity of partnership or sole-propritor with the protection offered by a corp.

KirbysLawn
11-15-2000, 12:28 AM
Currently operating as a sole proprietorship (sp), will start operating on 1-1-2001 as S-Corp. Was very easy, did it on-line at http://www.mycorporation.com. The site also has a lot of good info.

crew
11-15-2000, 10:05 AM
Sole Prop. for now.Am seriuosly looking into LLC for reasons previously stated. Simpler to maintain and the benefits of decreased liability.