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Expand under current name or start another company?

Discussion in 'Business Operations' started by KrayzKajun, Nov 30, 2012.

  1. KrayzKajun

    KrayzKajun LawnSite Fanatic
    Posts: 10,742

    In a toss up.

    Im working on a plan to break into a niche market.
    Flood/Erosion Protection and prevention, providing mobile and onsite sandbagging, palletized prefilled sandbags, infrastructure and site flood/erosion protection,prevention and emergency/disaster response.

    Im taking the Lousiana business law exam and the Heavy Construction Exam in a few weeks. I already came up with a new company name, logo, etc...

    whats yalls opinion on i guess starting out new all over again?
    should i just run undermy current name and add a new division or start a whole new company and keep them seperate

    Current Company: One Krayzee Kajun Enterprises LLC (8yrs in business)

    2nd Compnay name: Kajun Flood Workz, Inc.

    thoughts, opinions, :waving:
  2. KS_Grasscutter

    KS_Grasscutter LawnSite Gold Member
    Posts: 3,332

    I think I'd stick with one name. If your name was like Kajun Lawn Care then it might be a good idea to start a second company. Would probably be less paper work and stuff to just operate under 1 name.
  3. KrayzKajun

    KrayzKajun LawnSite Fanatic
    Posts: 10,742

    Thats one way i was looking at it.
    Posted via Mobile Device
  4. KrayzKajun

    KrayzKajun LawnSite Fanatic
    Posts: 10,742

    Just got back from a meeting with my business attorney. We layed everything out and from a business outlook and a legal point. Its best to start the new company. We started the paperwork today.
    Posted via Mobile Device
  5. alldayrj

    alldayrj LawnSite Gold Member
    Posts: 3,770

    I would start a second one to keep them separate on paper. That way if worse comes to worse you still have one company
    Posted via Mobile Device
  6. wbw

    wbw LawnSite Fanatic
    Posts: 5,473

    Two separate companies.
    Posted via Mobile Device
  7. larryinalabama

    larryinalabama LawnSite Fanatic
    Posts: 17,002

    Dont know, but watch out for the gators.
  8. KrayzKajun

    KrayzKajun LawnSite Fanatic
    Posts: 10,742

    Well as of this afternoon. Kajun Flood Workz, llc is now in the incorporation phase instead of planning. Woohoo here comes the fun.
    Posted via Mobile Device
  9. alldayrj

    alldayrj LawnSite Gold Member
    Posts: 3,770

    Congrats man. Just incorporated mine today too. Cheers to us
    Posted via Mobile Device
  10. TX Easymoney

    TX Easymoney LawnSite Platinum Member
    Posts: 4,078

    I was happy also incorporating until i tried to do my own taxes....yikes!

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