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Old 11-14-2013, 09:52 AM
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FinishingTouch FinishingTouch is offline
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Join Date: Oct 2013
Location: Marietta, Ga.
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Solo full time start up in Ga. with a few questions!!

I am looking to go from a part ime side gig to a full time business next year. I already have most of my equipment with the exceptions of upgrading a couple of handheld pieces in the spring. My insurance is already in line also.

Where I have the questions is concerning LLC vs. DBA. I know many people believe in the protection of the LLC, however, myself being the "employee" doing the work I can still be sued for any and all damages that I induce. That is where the questions begin.

1.) Is the investment of an LLC truly worth the little protection you have as a solo operator?

2.) What are the gains, if any, from a financial status of the LLC? (Taxes, etc.)

3.) Does being an LLC aid in securing more work? Are customers more comfortable doing business with an LLC vs. DBA?

Thanks in advance!!
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Old 11-14-2013, 10:00 AM
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360lawncare 360lawncare is online now
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You will find most customers could care less if you are a llc or not they just want the best work for the best price that is about it!
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  #3  
Old 11-14-2013, 11:25 AM
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tonygreek tonygreek is offline
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If you search the archives, you'll find this is an oft-asked question. You'll also notice that you'll get almost as many different opinions as there are members. If you really want to know the legal and tax issues, you really should consult a suitable accountant or attorney.
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Old 11-14-2013, 11:41 AM
TheLugNutZ TheLugNutZ is offline
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Join Date: Sep 2013
Location: Howell, NJ
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I can only speak for NJ, but from what I can tell, if you are a solo operator, operating as an LLC, there isnt any tax advantage or dis-advantage. I think it is SLIGHTLY more expensive when you register ($90?). As far as risk if you are involved in a lawsuit: I am an insurance agent, not a lawyer, but what I can tell you is it certainly CANNOT HURT TO BE AN LLC. Can you still get sued personally? Yes, but there is SOME MORE protection under an LLC; maybe not under all circumstances, but in the event you are sued, there MAY BE more protection, so why not use an LLC? People say there aren’t any advantages if you don’t have employees, and maybe that is the case, but what if you sub something out or if you pick up a temp worker for a few days, you never know, so why not protect yourself ahead of time. This is my opinion only and should not be used for tax or law advice!
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Old 11-14-2013, 12:44 PM
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FinishingTouch FinishingTouch is offline
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Location: Marietta, Ga.
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Thanks guys!! I have pursued all options and aspects. LLC. vs. DBA, Commercial Ins. vs Personal w/business use clause on truck, etc. I already have the business liability insurance in place with the inland marine rider on the small equipment. Our only goal for the first year is for the company to break even, but also want to avoid any unnecessary expenses.
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Old 11-14-2013, 06:23 PM
cman14141414 cman14141414 is offline
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Join Date: Jul 2013
Location: Marietta, GA
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What part of Marietta are you in, I'm in East Cobb, I started May 2012.
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  #7  
Old 11-14-2013, 06:33 PM
cman14141414 cman14141414 is offline
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What part of Marietta are you in, I'm in East Cobb.
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  #8  
Old 11-14-2013, 07:15 PM
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FinishingTouch FinishingTouch is offline
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Join Date: Oct 2013
Location: Marietta, Ga.
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Quote:
Originally Posted by cman14141414 View Post
What part of Marietta are you in, I'm in East Cobb.
I am in East Cobb as well.
Posted via Mobile Device
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  #9  
Old 11-14-2013, 08:44 PM
cman14141414 cman14141414 is offline
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Location: Marietta, GA
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We should meet up some time to discuss business, give me a call sometime, we're in a great market where there is plenty of work to go around. Charlie, 678-896-five-zero-four-eight perhaps we could network somehow or I could at least answer any questions you may have. I'm interested to learn more about your operation too.
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