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new sales and service center?

Discussion in 'Business Operations' started by ranger rick, Feb 28, 2004.

  1. ranger rick

    ranger rick LawnSite Member
    Posts: 5

    have a chance to buy into a power center with my nephew. this was a long established business that closed its doors due to a devoice not the nephew. . the business has been closed for 1 year. my nephew helped run the business . my questions to you is should it be a llc, or what kind of business should it be. the business has no leans on it and has all of the tools and parts to open the doors . what kind and what limits of insurance do we need? we will be selling new dixon , snapper and stihl equiptment, along with some used mowers and repair of misc equipment .we will own the land and buildings and will plow some snow in the winter time. the only people in voled in the business are myself and my nephew. thanks.
  2. mow2nd

    mow2nd LawnSite Senior Member
    Posts: 603

    What about selling seed and fertilizer?

    I think it's a great opportunity.........good luck with it
  3. AA Arborist

    AA Arborist LawnSite Member
    Posts: 6

    My buissness is set up as an llc its taxed like a partnership and you have protection of your personal assets, Articles of organization will spell out the agreement so that there are no arguments in the future between you and your nephew.
  4. Mdirrigation

    Mdirrigation LawnSite Silver Member
    Posts: 2,631

    I strongly suggest you contact an attorney who specializes in business and real estate.

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