Advanced Search

The Green Industry's Resource Center

Thread Tools   Display Modes
Old 02-04-2012, 10:37 PM
RickL1700's Avatar
RickL1700 RickL1700 is offline
LawnSite Member
Join Date: Jan 2012
Location: Delaware, Ohio 43015
Posts: 38
Grass Scapes: I chose a LLC because of some other small business men and women who I spoke with as well as my wife's aunt, who is a attorney. I guess it is just less complicated to form a LLC as to a S-Corp. with a S-Corp you have to have shareholders and meetings and such and even if you do it like you stated it still just seems easier and simple to be a LLC. All i want it to be legal and insured and not get all my personal en devours taken because of something that happened as a result of a business accident. So I decided to start off as an L.L.C and get $1Mill GLI to keep the Sue happy ppl who see me driving around some equipment and a truck that has a Lawn Care sign on it from taking everything I own. Thanks to everyone for being so helpful and nice.
Affordable Seasonal Landscape
6 1/2 x 12 Landscape Trailer W/dual gates & Trimmer Rack
61" Scag Turf Tiger
42" Encore Proline Z42
48" Exmark B.D Walk behind
36" Exmark Hydro walk behind w/ Vekly
22" Craftsman self propelled bagger push mower
Kawasaki KTFRA27A-A1 Trimmer
Echo SRM-210 Trimmer
John Deere 172 Hedge Trimmers (Echo Engine)
RedMax EBZ7100 Backpack Blower
RedMax EBZ5100 Backpack Blower
MTD 3.5 HP Sidewalk Edger
Reply With Quote
Old 02-08-2012, 01:46 AM
mkarps mkarps is offline
LawnSite Member
Join Date: Apr 2008
Location: waukesha, wisconsin
Posts: 57
Very informative posts everyone. Thanks!
Reply With Quote
Old 02-08-2012, 05:20 AM
LawnSite Senior Member
Join Date: Dec 2005
Location: Canton,Ohio
Posts: 576
Originally Posted by DA Quality Lawn & YS View Post
Having recently read a book on biz structures, the S Corp does not hold many advantages over the LLC at all. Perhaps savings on self employment taxes, but you sting your own butt when you go to collect your soc sec at retirement (if there is any left??). Advantage LLC here.

Now if you are solo with a few accounts, don't anticipate debts to be any sort of a problem, then sole prop is just fine. Just get a nice big fat limit of GL coverage and should be ok. When you start bringing on employees, getting a broader reach, taking on biz debt then move to LLC.

(Note, an LLC does not exempt you from self employment taxes whatsoever. There is NO tax advantage to a single member LLC vs. a sole prop.
Good postthis is the info you should be considering i would say, considering starting small as this
Reply With Quote

ohio , small business , tax

Thread Tools
Display Modes

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 Off

Forum Jump

Layout Style:

Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2016, Jelsoft Enterprises Ltd.
Copyright ©1998 - 2012, LawnSite.comô - Grand View Media
All times are GMT -4. The time now is 12:03 PM.

Page generated in 0.06536 seconds with 10 queries