First Year In Business

Discussion in 'Original Pictures Forum' started by osmann_lawn, Oct 1, 2011.

  1. osmann_lawn

    osmann_lawn LawnSite Senior Member
    Posts: 268

    I would really like to get an enclosed trailer instead of everything sitting in my dad's garage but the mower is more important.
     
  2. JContracting

    JContracting LawnSite Bronze Member
    Posts: 1,878

    Don't waste your time with legal zoom on when it is for basic stuff like getting a tax ID # and what not. You could have saved yourself a good chunk of money not using them. Live and learn.
    Posted via Mobile Device
     
  3. osmann_lawn

    osmann_lawn LawnSite Senior Member
    Posts: 268

    what did you use?
     
  4. JContracting

    JContracting LawnSite Bronze Member
    Posts: 1,878

    The state and fed govt websites.
    Posted via Mobile Device
     
  5. BPS##

    BPS## LawnSite Senior Member
    from WY
    Posts: 828

    Legal zoom did my LLC stuff. $207 out the door. Half of that was state fees.

    Slam bam thank you ma'am type of deal.
    So easy that even a lawn care business owner could do it. :laugh:

    I got my own tax ID etc.
     
  6. Mikegyver

    Mikegyver LawnSite Bronze Member
    Posts: 1,810

    Good deal that you got the LLC thats what we have. The cool thing is that you can do multiple DBAs under the same LLC. Its worked great for us. Get an accountant to help you set up how you are taxed. THIS IS VERY IMPORTANT! A good accountant will pay for himself or herself.
     
  7. osmann_lawn

    osmann_lawn LawnSite Senior Member
    Posts: 268

    Yep i have a family friend who said they would do it for almost nothing until i got more accounts so that is cool. What other business do you have?
     
  8. Mikegyver

    Mikegyver LawnSite Bronze Member
    Posts: 1,810

    Ya I new my accountant before I knew that he was an accountant. He is apart of a large local firm. He does not always get right back to me but he knows his stuff and does a ton of pro bono stuff like answering over the phone questions for me. The best way to set it up for a really small llc is a sole member llc. Its like having a sole proprietorship with the liability protection. I think you have to make it "disregarded" with the IRS but don't quote me. You want to take owner's draw instead of treating yourself as an employee.
    I have a beekeeping business. It started w/ the bee biz and then we added the lawn business to the same llc. Right now they are under the same name/account but plan on separating them or at least getting another DBA to advertise w/.
    Mike
     
  9. osmann_lawn

    osmann_lawn LawnSite Senior Member
    Posts: 268

    wow that is pretty cool. Do you get stung a lot? How much money do you make selling the honey?
     
  10. Mikegyver

    Mikegyver LawnSite Bronze Member
    Posts: 1,810

    Whats a lot? Some days I get none some days 20 to the hands (I work w/o gloves 80% of the time). It depends on the day.
    The honey really is not a money thing. I can get as much as a i want for it. But if we have a bad drought (like this year) then I make hardly anything. I am getting about $20/ a quart average.
     

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