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  #5081  
Old 02-15-2006, 11:58 AM
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Mowerboy04 Mowerboy04 is offline
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Join Date: Jul 2004
Location: novi mi
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Quote:
Originally Posted by Five Star Lawn Care LLC
have you ever gone to a Profits Unlimited seminar?
no i haven't. would u mind telling me a little about what it is and when it is ect.
thanks
alex
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2011 dodge ram 2500
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2011 exmark lazer "x" series 60" 29hp
2013 exmark lazer "s" series 60" 27hp
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  #5082  
Old 02-15-2006, 02:55 PM
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mtdman mtdman is offline
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Join Date: Jul 2002
Location: A2, Michigan
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Quote:
Originally Posted by scraper69
you also need to annually update records, and this is where an attrny. comes in handy. Not your average everyday person can do this, and do it right. Pay the attrny, and RAISE YOUR PRICES, i would say, the guy who thinks he can just file the form for 50.00 is gonna charge less than a guy who pays an attry his proper fees to do things RIGHT> Start the right way... dont operate like a HOMEOWNER, be professional and charge professional rates.
Actually, the annual update is pretty easy. It's basically a sign the sheet and pay them $25 kind of thing. I just did that last week. That you don't really need a lawyer for. At least for an LLC.
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  #5083  
Old 02-15-2006, 05:25 PM
amar amar is offline
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Join Date: Mar 2004
Location: SE Michigan
Posts: 203
Quote:
Originally Posted by scraper69
you also need to annually update records, and this is where an attrny. comes in handy. Not your average everyday person can do this, and do it right. Pay the attrny, and RAISE YOUR PRICES, i would say, the guy who thinks he can just file the form for 50.00 is gonna charge less than a guy who pays an attry his proper fees to do things RIGHT> Start the right way... dont operate like a HOMEOWNER, be professional and charge professional rates.

A annual update is another fee imposed on businesses, a registration fee. You pay $25 every year if you pay late its $75 You do not need a attorney all you do is look over the address if you moved or changed you business type you fill it in. It's that simple.
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  #5084  
Old 02-15-2006, 08:56 PM
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scraper69 scraper69 is offline
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Location: mi
Posts: 478
No.... i am referring to a corp. You must keep corporate records updated. This explains how your business is doing, financially, if there are any business related concerns, and it gets filed in your companies corp records. A must to keep a corp valid in Michigan. This is a C corp, not a llc or s corp.
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  #5085  
Old 02-15-2006, 08:57 PM
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scraper69 scraper69 is offline
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IT also has shareholder meetings minutes and so on. I dont believe in LLC... i prefer the C Corporation.
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  #5086  
Old 02-15-2006, 09:29 PM
amar amar is offline
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Join Date: Mar 2004
Location: SE Michigan
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Quote:
Originally Posted by scraper69
IT also has shareholder meetings minutes and so on. I dont believe in LLC... i prefer the C Corporation.

Corporate records update include LLC and S Corp's.

You probably have 75+ employees, or like double taxation, or have some large amount of passive income.

Is their some other reason in the landscape business you would want to be a C Corp.
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  #5087  
Old 02-16-2006, 03:23 PM
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scraper69 scraper69 is offline
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yes, if you plan on outgrowing the capabilities of an LLC.. and you want to raise captial through stock.

Its all preference, and mine is C.

Everyone is different
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  #5088  
Old 02-16-2006, 03:38 PM
amar amar is offline
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Join Date: Mar 2004
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scraper69 I just got your logo.

Do C Corp's have Tps report's?

LOL
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  #5089  
Old 02-16-2006, 05:51 PM
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RedWingsDet RedWingsDet is offline
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Fivestar. Are you going to the profits unlimited seminar? I might, just trying to see who else will be there.
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  #5090  
Old 02-16-2006, 06:29 PM
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scraper69 scraper69 is offline
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Join Date: Feb 2005
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Quote:
Originally Posted by amar
scraper69 I just got your logo.

Do C Corp's have Tps report's?

LOL

Didnt you get the memo....
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