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Under the age of 18 looking for help

Discussion in 'General Industry Discussions' started by schmidtlc, Sep 11, 2012.

  1. schmidtlc

    schmidtlc LawnSite Member
    Messages: 14

    Just wandering if anyone out there is under 18?
    If so are you insured?

    Just started getting a little bigger, about 20 weekly mowing clients, just bought my first zero turn and a new 16ft trailer. Just about to turn 17 looking to see if i need insurance and what not. most of my lawns are residential like condo's and houses but mow a few small businesses like dance studios and chiropractors.

    Do i need insurance or should i have it, should i be paying taxes? As i said just started up this past summer, looking for answers for next summer as mowing season is about done in my state.

  2. 205mx

    205mx LawnSite Silver Member
    Messages: 2,392

    You should go to the bank and open a Tax account and save 20% of your profits. That will likely be too much, but then you'll have some savings, and in case it is that much, you'll have enough to pay it.

    I'm in early stages of my company. Second year. I believe that being organized, diciplined, and deliberate is the best way to set up your business to grow with character.
    Posted via Mobile Device
  3. TX Easymoney

    TX Easymoney LawnSite Platinum Member
    Messages: 4,082

    Learning the process you will have to go through to get your business set up with your city/county, the state and federal government will teach you many things--I'd get insurance as you will eventually have customers who will ask for it, to protect their property--commercial especially requires insurance--just make sure you can afford it, it can be expensive
  4. schmidtlc

    schmidtlc LawnSite Member
    Messages: 14

    thanks! it helps out a ton
  5. nnusskern

    nnusskern LawnSite Member
    Messages: 214

    I am not currently i just turned 16 and have 5 accounts. Next year i want to be between 15-20. Accounts. I plan on starting to do taxes for next spring. Then probably be insured for plowing and lawn by end of 2013 lawn season ready for snow.
    Posted via Mobile Device
  6. GreenI.A.

    GreenI.A. LawnSite Silver Member
    Messages: 2,131

    I type this so much that I should just save it to cut and paste.

    Here is why you should have insurance weather it is required or not in your area. What will you do if your mower accidentally hits a rock and it gets thrown through a window? Do you have the cash to pay to replace a window pane? Do any of your customers have an older home? Chances are they won't be able to get a matching window at one of the bigbox stores and will need to get a custom one. Do you have the cash for that? if you don't then the customer will probably put it through their homeowners insurance. When they say that the landscaper hit a rock, the claim will be denied and you will be called.

    Now what if that rock you hit doesn't hit a window but instead hits a kid riding by on his big that you didn't see, right in his head? Can you pay what could easily add up to a couple hundred thousand dollars in medical bills? Because when the ER staff asks how he was injured the medical insurance company is going to see was hit by a rock from the neighbors yard. Then the medical insurance company is going to contact your customer and their homeowner insurance who will tell them the rock was thrown by the landscapers mower.

    What about if the rock doesn't just hit a kid but instead hits and kills the homeowner? Can you afford that lawsuit that could be for millions of dollars? You probably don't own much of value other than your mowing equipment, but your parents, who are legally responsible for you, own vehicles, a home, a savings account, a 401k or other retirement plan. Chances are if you are have an accident as a minor, your parents will be named as well and can, and a very likely will, loose everything they have worked their life for.

    Those are the very reasons why you should have insurance. Chances are you will not be able to get insurance as a minor, nor will you likely be able to form your business legally. What can often be done is that your parents may be able to form the business in their name in the meantime and get the business insurance, then you may be able to be listed as an employee. But in this case you still have to check into the labor restrictions as a minor, your state department of labor and osha will regulate the kind of work a minor can do and equipment you can use. If your state or insurance carrier says that a minor can't use equipment, and you have an accident then insurance will more than likely deny any claim anyways.

    rant over
  7. Roger

    Roger LawnSite Fanatic
    Messages: 5,943

    Operating without insurance, in your name or parent's name, is a risk that you should NOT be willing to take. You put yourself in a vulnerable position for financial disaster ( just as Green... says above with examples).

    Either your are in the game, or you are not.
  8. 32vld

    32vld LawnSite Gold Member
    Messages: 3,983

    You may have to put the business under your parents name because local law may not license minors and the busniess insurance may have the same age hurdles and cost more for you then in your dad/mom name.
  9. Ticolawnllc

    Ticolawnllc LawnSite Senior Member
    from Wall NJ
    Messages: 424

    Dude. Get out of this line of work. Stay in school Work hard at school. Go to collage. Don't party. Study something not sexy like engineering or computer programming and make a nice life for your self. And if you like the out doors become an arborist.
  10. flyingdutch16

    flyingdutch16 LawnSite Senior Member
    Messages: 465

    im 17 as of last november and registered my business and got a doing business as and a sales tax id. My insurance i got through businessinsurancenow.com pretty good insurance i think paid like 200 something for it, and its all in my name.

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