Discussion in 'Starting a Lawn Care Business' started by flyerd124, Apr 30, 2008.

  1. flyerd124

    flyerd124 LawnSite Member
    Posts: 17

    Hello all. I am new to this list and I think it is great. My question is that I am going down this week to regester my business. Should I do a DBA, LLC, or Should I Inc. and why. I thank you for any advise I get.

  2. MJS

    MJS LawnSite Bronze Member
    Posts: 1,316

    Unless you're gonna grow your business to need a bunch of employees, I would stick with a dba or an LLC. Plus, if you incorporate, there is an annual fee to stay incorporated.
    As I understand it, the difference between an LLC and a dba is that an LLC separates you from your company and protects your personal belongings; with a dba, your personal belongings are connected to your business.

    Correct me if I'm wrong, though, I have never run an LLC, just dba.
  3. bohiaa

    bohiaa LawnSite Fanatic
    Posts: 5,220


    However there are ways to protect your personal assets eventhough your a DBA,

    ALSO, "it gets tricky here" Most NOT ALL. Most who file a DBA are also considered self employed......

    The tax laws get tricky on this one....
  4. capnsac

    capnsac LawnSite Senior Member
    Posts: 702

    What the others have said. If you want complete separation from yourself and your business do either an llc or become incorporated. A dba is basically just an alias, but that's all it is.
  5. C&K

    C&K LawnSite Senior Member
    from East TN
    Posts: 295

    We have to pay $300.00 annually for our LLC. Plus we have to file F/E tax form wich is a minimum of $100.00 to file. Not to mention the extra cost the CPA charges for an LLC.

    If you carry a good amount of insurance and you are mainly going to do all the work I would recommend just being a sole prop. Unless you have a ton of assets that you thought someone may try to sue and take everything you have. But like I said If you carry 1 million in gen. liability it should cover any problems that you come across.
  6. flyerd124

    flyerd124 LawnSite Member
    Posts: 17

    Thank you all it has been very helpful.

  7. metro1handyman

    metro1handyman LawnSite Member
    Posts: 27


    I have an LLC ... But I work alone and use only other subcontractors.. The reason for this is with the LLC I can file as a dba at the end of the year if I didn't use employees. But you could also file as an llc and get extra tax breaks.. You really need to talk to a good accountant and see what he/she thinks. My accountant did a consultation for free and gave advice. I get charged anywhere from $700-$900 to file at tax time, But that is with me handing him a gigantic pile of receipts and him doing everything. You would be amazed @ the amount of stuff you can write off. -- again my advice is to get an accountant. Good Luck.

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