Register free!

The Green Industry's Resource Center



Reply
 
Thread Tools   Display Modes
  #1  
Old 11-13-2006, 06:36 AM
Mr.Lawn's Avatar
Mr.Lawn Mr.Lawn is offline
LawnSite Member
 
Join Date: Nov 2005
Location: Florida
Posts: 93
help!!

Hey folks!! My father in law gave me this bug, so i thought I would seek some advice. I am getting ready to start up my business in the sunshine state. I want and plan to purchase a zero turn mower that would work best for a new outfit justing getting started. Also some body had said that they have a rider for the insurance through their homeowners policy?? Is it better to go LLC or S Corporation? Thanks guys and gals.
Reply With Quote
  #2  
Old 11-13-2006, 06:43 AM
ACutAbovesiny's Avatar
ACutAbovesiny ACutAbovesiny is offline
LawnSite Senior Member
 
Join Date: Aug 2006
Location: Staten Myland, New York
Posts: 590
S Corp for me.
Reply With Quote
  #3  
Old 11-13-2006, 06:44 AM
ACutAbovesiny's Avatar
ACutAbovesiny ACutAbovesiny is offline
LawnSite Senior Member
 
Join Date: Aug 2006
Location: Staten Myland, New York
Posts: 590
Not quite sure the benefits of an LLC over an S Corperation.
Reply With Quote
  #4  
Old 11-13-2006, 08:30 AM
djsp24 djsp24 is offline
LawnSite Member
 
Join Date: Sep 2006
Location: Scottsville NY 14546
Posts: 34
different tax structures for either identity and the main difference is with an S-corp you can sell shares to investors to raise capital to start or expand a business, you can NOT do that with an LLC. When it comes to financing from a lender, LLC are very hard to get funding, S-corps are usually not as hard and C-corp's are by far the easiest to get funding for since they have been around for every and a day. ANY corp structure is a good idea because it protects your assessts like your home, car, etc. So i fully believe if you are going into any business, you really need to form a Corporate structure to protest you and your family.
Reply With Quote
  #5  
Old 11-13-2006, 05:44 PM
ACutAbovesiny's Avatar
ACutAbovesiny ACutAbovesiny is offline
LawnSite Senior Member
 
Join Date: Aug 2006
Location: Staten Myland, New York
Posts: 590
What would be the benefits of an LLC??
Reply With Quote
  #6  
Old 11-13-2006, 07:00 PM
MattsMowing3535 MattsMowing3535 is offline
LawnSite Senior Member
 
Join Date: Aug 2006
Location: Chanhassen, MN
Posts: 386
You dont need a ZTR this first season. Get a good hydro walkbehind and a nice sulky and you will be in good shape! I would recomend either the Exmark Or Hustler brands!
Good luck

Matt-
Reply With Quote
Reply

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





Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Copyright ©1998 - 2012, LawnSite.comô - Moose River Media
All times are GMT -4. The time now is 08:31 AM.

Page generated in 0.07090 seconds with 7 queries