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New Business in Eastern NC --- Help ---

Discussion in 'Starting a Lawn Care Business' started by Bogielski, Aug 13, 2009.

  1. Bogielski

    Bogielski LawnSite Member
    Posts: 72

    Ive been reading alot on the forums, and this isnt new. but im just curious to know what type of business people have formed.

    Im talking about the business structure. What type of business structure do you use? Is it a Sole proprietor, Partnership, LLC with one owner, LLC Partnership, S Corporation or a Corporation.

    What are the benefits or drawbacks to what you chose and why you chose it.

    Im in North Carolina and i started a small business, though im not legal yet, i meet tomorrow with a CPA with regards to forming and licensing my business.

    I will be forming something by the end of next week with the State and Federal requirements. Ive also looked into umbrella coverage for 500.000 coverage. Is this enough for a small business to start with.

    I currently own a 2500hd, 20' enclosed trailer, 2 echo trimmers, 2 back pack blowers, 2 push mowers, 2 hedge trimmers, pressure washer, and a 42'' husquavarna hydro walk behind with a sulky.
  2. marcuslawnguy

    marcuslawnguy LawnSite Member
    Posts: 117

    Hey another onslow county member ya! About the insurance it depends on the kind of accounts you do. I'm not good with the specifics but it sounds like your heading in the right direction. How do you like the rain. Sure does make things hard sometimes.
  3. Bogielski

    Bogielski LawnSite Member
    Posts: 72

    Yea when it rains almost everyday ... Not alot gets done ...
  4. Bogielski

    Bogielski LawnSite Member
    Posts: 72

    Im leaning towards an LLC for liability reasons. And i just picked up an apartment complex so im trying to start out on strictly commercial accounts. i do have some residential though.
  5. Bogielski

    Bogielski LawnSite Member
    Posts: 72

    Hmm no responses ...
  6. marcuslawnguy

    marcuslawnguy LawnSite Member
    Posts: 117

    Sounds like the way to go. How in the world did you get a apartment complex this late in the season? good job though.
  7. tinman

    tinman LawnSite Bronze Member
    from ga
    Posts: 1,348

    Sole proprietor for now until you grow a bit.

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