Register free!

The Green Industry's Resource Center



Reply
 
Thread Tools   Display Modes
  #1  
Old 12-10-2013, 01:27 PM
recycledsole recycledsole is offline
LawnSite Silver Member
 
Join Date: Aug 2012
Location: MD
Posts: 2,105
How Much Business Liscense (LLC) Increases Taxes?

Hey guys,
I want to become liscensed, and in Maryland you can not have a LLC registered to a PO Box.
I rent and the landlord is concered that having an LLC will decrease her tax credit / increase tax. How much more would the tax be if I registered my LLC there?
thanks
Reply With Quote
  #2  
Old 12-10-2013, 02:09 PM
tonygreek's Avatar
tonygreek tonygreek is offline
LawnSite Silver Member
 
Join Date: Aug 2004
Location: Lancaster, PA
Posts: 2,833
First, the LLC should have zero bearing on anything related to your landlord, other than any violation of operating a business from it (whether it be local zoning or your landlord's own restrictions). If you're good with zoning, foot traffic to your door, or equipment stored in the driveway, etc, should be the only things that concern your landlord. Think of the vast number of rental properties that house businesses, from the strip mall down the street to the guy building apps in his 8 roommate apartment. If LLCs impacted the actual owners, look out...

Second, in the month since you asked this the first time, you could have called a local accountant and had your answer. I say this not to be a dbag, but because tax advice is the worst thing to ask for on here. Every situation, and location-based issue, is different from the next.

Fine Print:
All of the above could be completely wrong. This is the internet after all.
__________________
a guy who knows the lawn industry, branding, and web strategy
Reply With Quote
  #3  
Old 12-10-2013, 03:17 PM
recycledsole recycledsole is offline
LawnSite Silver Member
 
Join Date: Aug 2012
Location: MD
Posts: 2,105
thanks a lot, I should ask an accountant
Reply With Quote
  #4  
Old 12-10-2013, 03:36 PM
whiffyspark whiffyspark is offline
LawnSite Fanatic
 
Join Date: Jul 2011
Location: Chesapeake beach
Posts: 5,520
Quote:
Originally Posted by recycledsole View Post
thanks a lot, I should ask an accountant
I have 2 business licenses. Haven't noticed a difference
Posted via Mobile Device
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 11:02 AM.

Page generated in 0.06827 seconds with 9 queries