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Business Plan Help

Discussion in 'Starting a Lawn Care Business' started by FART HEAD, Dec 4, 2009.

  1. FART HEAD

    FART HEAD LawnSite Member
    Posts: 17

    :confused: I need to collect payments monthly,would like to know if i can accept checks if i don't have a bank account and let my brother cash them by signing them over maybe? the irs is after me right now for around 5 grand.;) and almost as much in student loan default as well so i won't be getting one until i have these issues taken care of. was just wanting to know how to get around collecting payments not having a bank account when sent a check thanks.:usflag:
     
  2. kemco

    kemco LawnSite Senior Member
    Posts: 712

    Not a tax pro obviously. But I dont think there would be anything "wrong" with doing that as long as you still filed taxes on the amount of money your brother paid you in cash. Someway or another you would need to get your brother to 1099 or W-2 you as an employee depending on what category you fall under - depending on how you and your brother run the business. It doesnt really matter how you end up getting the money or really where it comes from (as long as the business is legal), as long as you pay taxes on what you get paid... Whether you get paid in cash, checks or chickens, you still gotta pay "the man"
     
  3. FART HEAD

    FART HEAD LawnSite Member
    Posts: 17

    i know about that so if thats it, i will be filing as well. i always file its just i dont always pay.:terribletowel: anyways now with assest like a house etc, i will be needing to. and thanks again for your help.
     
  4. milsaps118

    milsaps118 LawnSite Senior Member
    Posts: 559

    Uncle Sam is already after you for 5K???!!!!?? Now your on a public forum seeking advice on how to skate around this one????

    Dude...you need more then "Business Plan Help".........
     
  5. FART HEAD

    FART HEAD LawnSite Member
    Posts: 17

    i have business plan it's so many cuts for x amount of dollars in monthly payments for 8 months. its just i don't have a bank account right now.:eek: so what would i do when sent a check in the mail.
     
  6. exmark614

    exmark614 LawnSite Member
    Posts: 107

    It's really not that hard to get a checking account...
     
  7. Stillwater

    Stillwater LawnSite Platinum Member
    Posts: 4,796

    This is a easy problem to solve. Make payment arrangements with the IRS then you will be able to safely open a checking account without the risk of them taking it. you do anything other than this then you don't need help you need incarceration. Man up.....
     
  8. KeystoneLawn&Landscaping

    KeystoneLawn&Landscaping LawnSite Senior Member
    Posts: 774

    Its not often someone shows up on Lawnsite looking for ways to break the law. If you already owe then your at least in default on payment. Like Stillwater said...MANUP!! How would you like your customers to not pay what they owe you? Before you go any further in business, maybe you should learn something about responsibility and character!
     
  9. RigglePLC

    RigglePLC LawnSite Fanatic
    Posts: 11,770

    Maybe you can register as an S corporation. You become the only employee.
     
  10. FART HEAD

    FART HEAD LawnSite Member
    Posts: 17

    I'm not trying to break any laws. i just don't want to get a account if its going to have money taken out of it when i need it to help me start adding equipment for my business. i always file, if i did not do that i would be breaking the law. i also own a house now and truck both all paid for. so i wouldn't want them to bother me on those. anyways thanks alot for your help and a checking account might help if they would allow me to have one. not sure after owing some other bank $500 for some mis hap on a web order.
     

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