the NEXT step

Discussion in 'Starting a Lawn Care Business' started by jhoneycutt, Mar 5, 2006.

  1. jhoneycutt

    jhoneycutt LawnSite Member
    Posts: 41

    now that I got some Insurance what is the next step as far as taxes etc...
     
  2. Mr Budget

    Mr Budget LawnSite Member
    Posts: 122

    you gotta make the money to pay the taxes on:)
     
  3. ECS

    ECS LawnSite Bronze Member
    Posts: 1,732

    Get an accountant.
     
  4. befnme

    befnme LawnSite Bronze Member
    Posts: 1,413

    are you going to employ anyone , get workers comp.
     
  5. BCFLawnLandscape

    BCFLawnLandscape LawnSite Senior Member
    Posts: 333

    I wouldn't get an accountant just yet. You need to get a tax ID with the IRS. That would be the next step. Go to irs.gov and get all that stuff taken care of. I wouldn't get an accountant unless you have like 50 or more weekly jobs. Unless you really think you need one! Hope this helps!
     
  6. down size

    down size LawnSite Member
    from indiana
    Posts: 78

    jhoneycutt your profile says youv'e been in busines for 12 years? Is it a misprint.
     
  7. jhoneycutt

    jhoneycutt LawnSite Member
    Posts: 41

    no it is not a miss print I was doing this P/T maybe 3 to 5 res. a yr. trying to get bigger a commercial. !
     
  8. nobagger

    nobagger LawnSite Gold Member
    from Pa
    Posts: 3,065

    Find an accountant, make your company a "sole proprietor" (that is when you use your ssn) set up a bank account and make some money.:drinkup:
     
  9. down size

    down size LawnSite Member
    from indiana
    Posts: 78

    A sole proprietor is a good way to start.Work with a accountant they will be able to tell you when or if it's time to Inc. or LLC. Start a bank account in the business name. Make sure to tell your insurance co. (vehicle) once your'e using it for the business it may not cover you.
     

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