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Is The LLC A Good Way To Go

Discussion in 'Starting a Lawn Care Business' started by johngreen, Mar 28, 2006.

  1. johngreen

    johngreen LawnSite Member
    from iowa
    Posts: 20

    Is the llc a good wayto become incorpated? How much does this cost?If you are not incorpated what are you? Either way do you just pay taxes once a year? Are services taxed in all states or just mine? Thanks for your help.
     
  2. Brianslawn

    Brianslawn LawnSite Silver Member
    Posts: 2,004

    llc is only way to go imo. just a couple hundred a year i think. check with your secretary of state. you can probably apply online. might want to have lawyer assist you a bit.
     
  3. commonman

    commonman LawnSite Member
    Posts: 1

    Hi,
    A couple of years ago we formed an LLC because there were two of us. If you are a single proprietor I still suggest the "S" corporation. You reeive all the liability protection of a "C" corp and all the financial savings of an individual taxpayer. All you need is an IRS Form 2553 and you can fill it out yourself, no lawyers. Your only cost would be what the Secretary of State charges you.
     
  4. gce_ent

    gce_ent LawnSite Member
    from Texas
    Posts: 93

    No. An LLC is Organized not Incorporated. There is a difference. Most states charge a Franchise Tax if they do not have Income Tax so either way you will pay something.
     

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