Started Business - Need some advice

[wormy712]

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redfish,
Sounds most everything is takencare of. If you have to deal with fences a 36 WB is ideal. There are very few it will not fit in. a 48 WB is great it cuts down on mowing time but may not fit in some gates. just something to think about. also good choice with the echo products i love mine. Most of the time they start very easily and provide dependable service. I do suggest the backpack blower it will give you more power and not tire you out as fast. I use the pb 603 works great fair priced and plenty of power. Something you might want to think about echo makes a interchangable trimmer. you can add a edger, hedge trimmer, or pole saw. it is nice as a back up because you can switch to what ever you need.

[BigMack]

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Where are you located coastal?? Just wondering.

[edrenckh]

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Good idea on the s-corp! I have been for years, helps on deductions. Remember anything the CEO deems is a business expense, and has a potential business purpose, it is deductable. Pay yourself a wage, take about half of that again in dividends. No 15.3% SS/MC tax on the dividend.

Buy equipment yourself, lease it to your s-corp (via sched C). Payments can equal depreciation, i.e. no gain/no loss.

A bit more complicated tax wise, but in the end it's easier to save $25 in taxes than more a $40 lawn!

[Redfish]

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I will be checking into a backpack blower. After all I am reading on the recommendation to get one, I am convinced that this is the way to go.

I don't know much about the trimmer with detachable parts(edger, hedge clipper, etc). Are they reliable as the individual edgers, trimmers?

Thanks

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote"><i>Originally posted by wormy712</i>
<br />redfish,
Sounds most everything is takencare of. If you have to deal with fences a 36 WB is ideal. There are very few it will not fit in. a 48 WB is great it cuts down on mowing time but may not fit in some gates. just something to think about. also good choice with the echo products i love mine. Most of the time they start very easily and provide dependable service. I do suggest the backpack blower it will give you more power and not tire you out as fast. I use the pb 603 works great fair priced and plenty of power. Something you might want to think about echo makes a interchangable trimmer. you can add a edger, hedge trimmer, or pole saw. it is nice as a back up because you can switch to what ever you need.
<hr height="1" noshade id="quote"></blockquote id="quote"></font id="quote">

[Redfish]

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Excellent points you make. I will be checking into the lease back to the company idea. I have alot to learn in this part of the business, but am willing to learn if it saves (or makes) money.

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote"><i>Originally posted by edrenckh</i>
<br />Good idea on the s-corp! I have been for years, helps on deductions. Remember anything the CEO deems is a business expense, and has a potential business purpose, it is deductable. Pay yourself a wage, take about half of that again in dividends. No 15.3% SS/MC tax on the dividend.

Buy equipment yourself, lease it to your s-corp (via sched C). Payments can equal depreciation, i.e. no gain/no loss.

A bit more complicated tax wise, but in the end it's easier to save $25 in taxes than more a $40 lawn!
<hr height="1" noshade id="quote"></blockquote id="quote"></font id="quote">

[Redfish]

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Not at the coast. I'm on the south side of Tallahassee.

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote"><i>Originally posted by BigMack</i>
<br />Where are you located coastal?? Just wondering.
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[gator]

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Hey redfish, hope things work out for you in the lawn business! I am also just outside of tallahassee and am starting my own business. I would like to talk to you some and compare ideas. e-mail me at smithoutdoor@aol.com.[8D] Although I hope your not a seminole fan.[]

[mlefever]

I with one of the other comments that you jumped in pretty big.
I started small. And even after this year being my
10 yr I upgrade every year. But I sounds like it is too late now.