What Method did you use to register your Company?

Discussion in 'Starting a Lawn Care Business' started by ALarsh, Nov 11, 2004.

  1. ALarsh

    ALarsh LawnSite Silver Member
    from Midwest
    Posts: 2,412

    I have been looking up my options to register and go to a legit company. I have found this web site that seems like a nice, well layed out site to register LLC's. The web site is http://www.legalzoom.com/llc/ . It costs $130 (+ another $130 for state fees, $25 for Federal Tax ID application & $60 for Federal Tax ID Number (http://www.legalzoom.com/pricing/llc_pricing.html#feecalc ) ) to have them set up a LLC. What do you guys think about doing it this way? Good? Bad?

    Thanks.
     
  2. turner_landscaping

    turner_landscaping LawnSite Member
    Posts: 187

    I f I were you I would go see an accountent/lawyer. I did and he took care of all the legality of setting up the business. They know more about it than we do. I figure you will pay more money but it will be done right the first time, if not its his fault.
     
  3. turner_landscaping

    turner_landscaping LawnSite Member
    Posts: 187

    I payed under a 1000 for all the fees his time and licences i needed.
     
  4. Drew Gemma

    Drew Gemma LawnSite Bronze Member
    Posts: 1,511

    Go to the secretary of states web page for your state and find out what you need to do first. Then go see a lawyer or account if you have questions about any of the criteria. Study the requirments first and make sure you plan ahead of yourself cause when you do this kinda stuff they like to make it a pain in the rear. Good Luck. I wouldn't trust anyone over the net use somebody that knows your states rules.
     
  5. tonygreek

    tonygreek LawnSite Gold Member
    Posts: 3,419

    the amount of work the online companies will do for you is absolutely no different than you could do for yourself. there's no tangible legal benefit to it, other than they do the paperwork for you. in my state of ohio, to form an LLC cost $125 and to get a federal tax ID, all you have to do is fill out a form and can expidite with a phone call to get the ID immediately (it's free). i formed my most recent llc, and all associated tax id's (Federal S-4) etc, in less than 15 minutes of actual work. the llc filing comprised of me signing my name, address, and business name. nothing more, nothing less. pull up your state's site and view other's llc filings to see what actually goes into it. also check out irs.gov and nolo.com

    obviously, i'd recommend an attorney and accountant, but if you go with an online outfit, you might as well save the money and buy something nice for the family.

    tony
     
  6. cleancutccl

    cleancutccl LawnSite Senior Member
    Posts: 698

    Do you know any lawyers personally, or any accountants? The process of becoming an LLC is just filling out the paper work, all the lawyer is going to do is draw up the papers and have you fill everything out. If you can find the layout just copy it. That's what I did, no problems, that's what my mom did for her accounting firm and had no problems either. Then you just pay the fees for becoming an LLC and no professional fees. It'll save you a fortune.
     
  7. Green-Pro

    Green-Pro LawnSite Bronze Member
    Posts: 1,420

    ALarsh,

    Our CPA gave us good info, some we did not know and some we did, and a lot of it we could have checked on the web;

    irs.org
    iowa secretary of state
    small business administration
    score.org

    at any rate an LLC can be set up in Iowa for a $40 fee when you file articles of organization(you can find examples of articles of organization by doing web search) a Federal I.D. tax number can be obtained free of charge online at the irs site as well.
    Just remember when doing a search for info to always add your state with the search words, i.e. articles of organization examples+iowa.

    Good Luck

    Oh yeah others are 100% correct, it is still an excellent idea to take time to speak with CPA and Attorney.

    G-P
     
  8. Team Gopher

    Team Gopher LawnSite Platinum Member
    from -
    Posts: 4,041

  9. ALarsh

    ALarsh LawnSite Silver Member
    from Midwest
    Posts: 2,412

    Thanks for the help. I got another question, what percentage of your income do you pay to uncle sam?
     
  10. tonygreek

    tonygreek LawnSite Gold Member
    Posts: 3,419

    if you have a team of advisors like bill gates, you pay 4 to 5% and if you don't.... sky is the limit without proper tax advice.

    tony
     

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