Business structure

Discussion in 'Lawn Mowing' started by J Berry, Nov 14, 2000.

  1. J Berry

    J Berry LawnSite Member
    from nh
    Posts: 21

    What would be the most common business structure
    set up for a one man lawn care operation?
    A.) Sole Proprietorship
    B.) Limited Liability Company
    C.) S-Corp
    D.) Other

    None of the above

    Just wondering which maybe best

    Thanks for any info Jim~~

    Oh yea I'm not with the IRS

     
  2. thelawnguy

    thelawnguy LawnSite Silver Member
    Posts: 2,412

    Most common? Sole proprietership.

    Best? hee hee, please keep arms and legs inside the car while the ride is in motion ;)
     
  3. Nathan

    Nathan LawnSite Member
    Posts: 193

    Do you already have your company in operation. If not or if there is nothing official you should talk to your accountant, get one if you don't. Me and my partner acted before we should have and will eventually have to pay for it. My accountant told us that there are benefits to all of your options as well as drawbacks, but the overall best way to go is an s-corp. But, as I said talk to an accountant first, they passed the tests for a reason.
     
  4. Vandora Lawn & Landscape

    Vandora Lawn & Landscape LawnSite Senior Member
    Posts: 386

    LLC looks promising. The simplcity of partnership or sole-propritor with the protection offered by a corp.
     
  5. KirbysLawn

    KirbysLawn Millenium Member
    Posts: 3,486

    Currently operating as a sole proprietorship (sp), will start operating on 1-1-2001 as S-Corp. Was very easy, did it on-line at http://www.mycorporation.com. The site also has a lot of good info.
     
  6. crew

    crew LawnSite Member
    Posts: 163

    Sole Prop. for now.Am seriuosly looking into LLC for reasons previously stated. Simpler to maintain and the benefits of decreased liability.
     

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