Register free!
Search
 
     

The Green Industry's Resource Center


Click for Weather
Reply
 
Thread Tools Display Modes
  #1  
Old 02-09-2011, 08:31 PM
CandyAces's Avatar
CandyAces CandyAces is offline
LawnSite Member
 
Join Date: Feb 2011
Location: Roanoke Va
Posts: 26
LLC question

I have a friend that has his own landscaping company (sole Proprietor). I want to join his business 50/50 by forming a LLC. The problem is he has enough equipment for one man paid for already and I need some new equipment to join.
Does anyone have a suggestion of how to merge financially? I need a new blower and mower Before we can both work together.
Reply With Quote
  #2  
Old 02-09-2011, 10:24 PM
srl28's Avatar
srl28 srl28 is online now
LawnSite Bronze Member
 
Join Date: Oct 2005
Location: New Jersey
Posts: 1,172
2 Words, Stay away! Generally speaking partnerships are a bad idea, rarely works out and works out well. I can imagine that the risk of it failing and going very sour is much higher when you join into a pre existing up and running business.
Reply With Quote
  #3  
Old 02-09-2011, 10:48 PM
eco.lawns's Avatar
eco.lawns eco.lawns is offline
LawnSite Member
 
Join Date: Sep 2010
Location: Springboro, OH
Posts: 183
Bring capital, equipment, or revenue into the business to match what he has before you can collect 50%
Posted via Mobile Device
Reply With Quote
  #4  
Old 02-10-2011, 11:57 AM
gasracer gasracer is offline
LawnSite Bronze Member
 
Join Date: Sep 2010
Location: Nashville,Tn.
Posts: 1,049
This has the making of a bad situation......Buy what equipment you need and continue on..
Reply With Quote
  #5  
Old 02-11-2011, 03:13 PM
DA Quality Lawn & YS's Avatar
DA Quality Lawn & YS DA Quality Lawn & YS is offline
LawnSite Fanatic
 
Join Date: Sep 2007
Location: Rochester, MN
Posts: 7,945
I kind of agree with above. Have heard bad things about partnerships.
__________________
7x14 Stealth SE Enclosed with 48" side ramp
08 Toro Z400 48" deck, 21HP Kaw with EZ Vac twin bag
09 Exmark Turf Tracer HP 36"
21" Toro SR4 Super Recycler
Stihl KM90 Kombi w/ straight shaft trimmer & tiller heads
Husqvarna 125B Blower
PG Magnum
Turfco XT5 Aerator
Turfco LS-22 Overseeder
EcoLawn 200 Applicator

I can do all things through Him who gives me strength.
Philippians 4:13
Reply With Quote
  #6  
Old 02-11-2011, 03:40 PM
Cajun Cleanin''s Avatar
Cajun Cleanin' Cajun Cleanin' is offline
LawnSite Member
 
Join Date: Jul 2010
Location: Daphne Alabama
Posts: 115
Rule number 1 Never go into partnership with a friend,family member,stranger,enemy,or kangaroo.Rule number 2 see rule number 1.
__________________
J.C. Galmiche
Cajun Cleanin' Property Management
251-510-9508
www.cajuncleanin.com
Pressure washing Daphne ,Fairhope, Alabama.
Reply With Quote
  #7  
Old 02-11-2011, 04:42 PM
bohiaa's Avatar
bohiaa bohiaa is offline
LawnSite Fanatic
 
Join Date: Jun 2005
Location: Bellville Texas, near Houston
Posts: 5,017
maybe you should work with him a while to try it out, have him pay you like 10.00 per hour, see if you two get along, and take it from there.
this type of work is NOT for everyone, and partnerships are VERY hard,
Reply With Quote
  #8  
Old 02-15-2011, 08:38 PM
CandyAces's Avatar
CandyAces CandyAces is offline
LawnSite Member
 
Join Date: Feb 2011
Location: Roanoke Va
Posts: 26
Thanks for the advise guys.
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 02:50 AM.

Page generated in 0.08106 seconds with 7 queries