INC or LLC?

Discussion in 'Business Operations' started by bartlc, Jan 29, 2005.

  1. bartlc

    bartlc LawnSite Member
    Posts: 16

    I'm looking to incorperate or join an LLC. I already have liabilty ins. I'm basically starting out even though I've been mowing for sometime (in my neighborhood). Which would best suite me now and if my business becomes large? Have any suggestions? Thanx.
     
  2. Team Lawn Care

    Team Lawn Care LawnSite Member
    Posts: 18

    Try companiesinc.com. They have some great information and definitions of all services. Try looking st your States web page. They usually have a section on starting a new business along with all the info you need to operate in your state. Hope this helps.
     
  3. out4now

    out4now LawnSite Bronze Member
    from AZ
    Posts: 1,796

    My suggestion is to speak with an accountant and they can give you the upsides/downsides to both. jmy.02
     
  4. i_plant_art

    i_plant_art LawnSite Senior Member
    Posts: 558

    go LLC just my .02 each one has its own pros/cons which ever best suits you will be your choice. i personally went LLC
     
  5. rodfather

    rodfather LawnSite Fanatic
    Posts: 9,501

    I strongly suggest you spend the money and sit down with an attorney and/or a CPA for an hour.

    Before going, draw up a list of questions you want answered. At first, I thought incorporating was the way to go years ago. After an hour or less, my business attorney sold me on the idea of setting up an LLC...best thing I ever did too btw.
     
  6. ProLawns

    ProLawns LawnSite Senior Member
    Posts: 476

    Do you pay SS and MC on all of your income with a LLC or just your salary?
     
  7. rodfather

    rodfather LawnSite Fanatic
    Posts: 9,501

    Just salary I believe.
     

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