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Legal or illegal?

Slcareco

LawnSite Senior Member
Location
New York
Should the beginer start off not licenced, insured for the first season or no? corporation or sole? why and whats the difference between the two?
 
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Slcareco

LawnSite Senior Member
Location
New York
whats the difference between the two? and if i filed for a sole could i change it later on?
 

turf dog

LawnSite Member
You should always carry insurance if your a business. Sole prop or S corp. Hire a cpa and do some searches on here about the two entities and find out which one is best suited for your business.
 

DeereHauler

LawnSite Senior Member
Location
Central Pa
if you plan on working alone sole pro. is gonna be what you want. if you don't have employees, or charge sales tax you can file taxes under your social security number.

it all has to do with paper work, and the fine details. the less the better. i took a class at a college, and learned about some of this.

every area is different on lisences, check it out with local govt.

NEVER work without insurance!!! if you wanna start out on the completely wrong foot, that would be the ticket. i pay about $400 a year for $500,000.00 liability. even if you decide you don't wanna mow anymore, you could cancel the insurance.
 

6'7 330

LawnSite Bronze Member
You can begin your business venture as a sole proprietor if necessary, and incorporate later as your business expands,take on employee’s etc.The best advice is as mentioned above, talk to a CPA, or tax professional. Most defiantly look into what the local, county, and state license requirements are.Purchaseing Liability insurance is a given.
 
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Slcareco

LawnSite Senior Member
Location
New York
with a sole can you write stuff off like dinner expense, calculator, computer, etc or is that just for a corp?
 

Soupy

LawnSite Gold Member
Slcareco said:
with a sole can you write stuff off like dinner expense, calculator, computer, etc or is that just for a corp?

See above advice and talk with an accountant. They are worth their wait in gold. What I mean is they more then pay for their self.

Insurance - $300
Good accounting software - $200
Talking with an accountant - $100
Starting a business on the right foot - Priceless
 

Trinity Lawn Care LLC

LawnSite Senior Member
Location
NJ
Definitely hire an accountant and discuss your game plan with him/her. An accountant will usually give you a 1st consultation for free. They will get you on the right track. In my opinion it would be a very bad move to do business without Gen Liab. it is not that expensive and can end up saving your rear "IF".
 
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