Want to go completely legit how to do it.

Discussion in 'Starting a Lawn Care Business' started by Rll131, Jul 7, 2013.

  1. Rll131

    Rll131 LawnSite Member
    Posts: 133

    @rr-wa if I do get a dba then to accept checks I need to get a business checking account correct with all the fees along with it? Right now my name is Raymond all my flyers receipts ect say rays lawn care but I put all checks to be made to Raymond l****? Then deposit into my personal checking account which I will be paying taxes on with a 1040. Basically why do you recommend a dba just to look and sound more professional. Also I ended up getting insurance 300,000 500$ deductible for 350 a year for now.
     
  2. Rll131

    Rll131 LawnSite Member
    Posts: 133

    Basically in one way or another your all recommending at least a dba then I need a Ein for a business checking so they all go hand and hand and seems will make my life easier. I'm sticking with sole prop instead of llc I have nothing besides my truck in my name my house savings ect in my gf,s name basically wife lol.
     
  3. TTS

    TTS LawnSite Senior Member
    Posts: 615

    You still don't need an ein for a sole proprietorship even if you have a dba. Just get the dba and a checking account in the name of rays lawn care and you're done
    Posted via Mobile Device
     
  4. Rll131

    Rll131 LawnSite Member
    Posts: 133

    Didn't know that thought I needed Ein for a business checking
     
  5. XYZLawnPros

    XYZLawnPros LawnSite Senior Member
    Posts: 398

    To the original poster:
    Are you saying you are begging for permission to be under their 6+ million statutes and ordinances because you are not competent enough to keep all of your human labor? Or to do what you want to do without harming someone else?
    If you are not capable of doing what you want to do without the help of state/gov/county/city, I personally advise you to sign on the dotted line with them. Your life will be so much easier.
     
  6. Rll131

    Rll131 LawnSite Member
    Posts: 133

    No I donT want that I just don't want to get into any issues with the IRS . I'm going to go to the bank tomorrow see if I need a Ein for a business checking if not I'm driving to Baltimore to get my dba and then open my business checking. I was just under the impression I needed a Ein for a business checking account
     
  7. Rll131

    Rll131 LawnSite Member
    Posts: 133

    Just left with second CPA he told me to get my dba then business account and not to get a ein until if and when I hire employees. He said keep it as simple as possible in the beginning. Also said to get a ira and as much liability insurance I can afford. Then out of no were said through the winter I should hang Christmas lights and decorations for extra income lol.
    Posted via Mobile Device
     
  8. Rll131

    Rll131 LawnSite Member
    Posts: 133

    Just wanted to finish the thread. I ended up getting a dba, business checking account, insurance, and PayPal business for invoices and PayPal here. Thanks for the advice
     

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