1. Can’t make it to the GIE+EXPO 2017?
    LawnSite brings the trade show floor to your fingertips with our new GIE+EXPO 2017 Sneak Peek video series debuting now in the Lawn Mowing forum.

    Dismiss Notice

do any of your wives own the business?

Discussion in 'Business Operations' started by thes, Mar 23, 2006.

  1. thes

    thes LawnSite Member
    Messages: 106

    I am trying to find out the pros & cons on my wife owning the business and me working for her, that way I could apply for part time unemployment in the winter. Has anyone else set up their business this way???
  2. AintNoFun

    AintNoFun LawnSite Bronze Member
    Messages: 1,807

    one of our companies is in my mothers name. we do all out d.o.t. and state work through that company becuase we are a state certified w.b.e. its awesome we get so much work because of it..
  3. Green-Pro

    Green-Pro LawnSite Bronze Member
    Messages: 1,420

    No but we have "toyed" with the idea. We looked at this mainly as it relates to advantages of minorities/women owning business's when seeking financing. we seem to be fast approaching a point in our young companies life in which we will have to make a decision. remain solo/small and try to be more efficient to boost the bottom line or seek financing to help facilitate growth an efficiency.
  4. twj721

    twj721 LawnSite Senior Member
    Messages: 619

    We set ours up in my wifes name even thought she is a full time RN it is her money that started us so it is hers I am just the flunky but proud of it she is a great boss but I have the last word in our talks (YES DEAR) LOL :dancing:
  5. olderthandirt

    olderthandirt LawnSite Platinum Member
    from here
    Messages: 4,899

    No she just gets all the money
  6. Luvs2Play

    Luvs2Play LawnSite Member
    Messages: 246

    I'm not sure, but I think there is a tax benefit, I have heard something about women being a minority business owner. May or may not be true. It would be something to think about if it is.
    I like the arrangement the way it is here, now she is sleeping with the boss! She's sleeping now, won't know I said that.
  7. olderthandirt

    olderthandirt LawnSite Platinum Member
    from here
    Messages: 4,899

    This may come as a surprise but anyone thats married and lives in a community property state, there wife/husband automatically owns 1/2

    TURF DOCTOR LawnSite Silver Member
    Messages: 2,138

    My Wife Own's And,runs A Full Servce Monument Biz.
  9. B&D Lawn Care

    B&D Lawn Care LawnSite Senior Member
    Messages: 342

    Mine own's this b/c I own and run another. It's just our way of making it easier at tax time. I have heard something about the whole minority owner thing but have yet to check on it.
  10. rodfather

    rodfather LawnSite Fanatic
    Messages: 9,501

    that and everything else too btw :laugh:

Share This Page