license and taxes

Discussion in 'Starting a Lawn Care Business' started by straightlinelawns, Feb 19, 2004.

  1. straightlinelawns

    straightlinelawns LawnSite Member
    Posts: 67

    i was just wondering how all of you keep your books. from what I understand, you would go and get a business license, open a business checking account at the bank, and make all checks payable to the business, deposit them and pay yourself each week a flat amount and invest the rest back into the business? is the correct??if not how do you do it?? how much to pay yourself??
     
  2. mow2nd

    mow2nd LawnSite Senior Member
    Posts: 603

    Thats how I do it. Pay yourself 30% of what you bring in every friday.
     

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