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Old 03-16-2011, 10:24 PM
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TheChiefsLawnCare TheChiefsLawnCare is offline
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LLC and Insurance

I got a couple questions. If you are in Louisiana it would be helpful if you could let me know where you have to go to become LLC and what all is involved. For example, if you have to set a price for a yard and then charge tax on top of that, or if you charge a yard and then take tax out of your profit. Also, what else is involved in becoming LLC, is there an annual or monthly fee that you have to pay. As far as insurance, whats the minimum insurance that you need and whats the basic premium. Appreciate the help.
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Old 03-17-2011, 09:22 AM
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c3wlandscaping c3wlandscaping is offline
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Quote:
Originally Posted by TheChiefsLawnCare View Post
I got a couple questions. If you are in Louisiana it would be helpful if you could let me know where you have to go to become LLC and what all is involved. For example, if you have to set a price for a yard and then charge tax on top of that, or if you charge a yard and then take tax out of your profit. Also, what else is involved in becoming LLC, is there an annual or monthly fee that you have to pay. As far as insurance, whats the minimum insurance that you need and whats the basic premium. Appreciate the help.
Use the search tool on top. It will answer just about every question you have. Simply type in "llc" and hit search. I have 1m in liability and full equip coverage. I pay 100 a month for one year.

Chad
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Old 03-17-2011, 11:49 PM
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TheChiefsLawnCare TheChiefsLawnCare is offline
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Originally Posted by c3wlandscaping View Post
Use the search tool on top. It will answer just about every question you have. Simply type in "llc" and hit search.
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yeah i tried that and it says no matches found. and then i tried to search for posts and it came back same thing
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2007 GMC Sierra 1500 NBS
2012 7x16 Tandem Axel Enclosed Trailer
2006 Walker 36" GHS w/ 20HP Kohler
2012 Wright 32"
2011 Toro 32" wb Floating Deck w/ Kawi
2007 21" Snapper Hi-Vac w/ Kawi
2007 21" Heavy Duty Toro w/ Kawi
McLane Commerical Walk Behind Edger
Stihl FS 110R String Trimmer
Stihl FS110r String Trimmer
Stihl FC 110 Stick Edger
Stihl BR 600 Back Pack Blower
Stihl HL 100K (135º)Hedge Trimmer
Stihl HS81T Hedge Trimmer


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Old 03-18-2011, 12:21 AM
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c3wlandscaping c3wlandscaping is offline
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yeah that is weird, i just tried it myself. i even typed in bid and nothing came up but clicked it at the bottom of the page and all sorts came up. must be an issue with the site, i am sure it will be fixed

chad

trust me it does help. i have spent many nights uptill 3am doing "homework" everything ya need to know is on here somewhere.

best of luck
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  #5  
Old 03-18-2011, 01:51 AM
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Cajun Cleanin' Cajun Cleanin' is offline
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You are a service company so I say your tax is paid from the total otherwise you don't add tax on the bill.LLC is forever until you disolve it.It costa a couple hundred bucks for a lawyer to do it or you could try it yourself with the state.
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Old 03-19-2011, 12:25 AM
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bohiaa bohiaa is offline
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tax is to be clearly stated on the invoice.

The customer MUST know how much tax there paying,
this is a TAX issue for them too, as you knwo they can 1099 you
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Old 03-19-2011, 08:18 PM
superdog1 superdog1 is offline
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Location: Lebanon, PA
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LLC and insurance costs

Just an FYI: If you purchase insurance for an LLC, most insurance CO's will bill you for the total amount of payroll. In other words, when you are a sole prop. they only use $5200 no matter how much $$ you make a year. When you are a corp. they bill you for ALL the payroll (So if you pay yourself $60,000 this year, your premium will be based on that amount), even if you really are only doing it yourself and just using an LLC to try and hide some of your assets if you are sued.

Insurance CO's charge for the entire amount because as a corp. they have no idea who is doing the work (you and I know it's just you, but that's it) and believe it or not, some people think that by starting an LLC they can do crappy work and not worry about it. After all, the corp only owns a used 1984 truck and a 2000 Lawn Boy mower, so let them have it if they sue me.

While this may seem a little overboard, it happens and since the insurance CO is no longer underwriting an individual and they are now covering a "thing" or LLC, they want to get as much premium as possible because anyone could be running your Lawn Boy, LOl
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