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Company Legal Descriptions?

Discussion in 'Business Fundamentals' started by doo-man, Nov 22, 2009.


Legal Business Structure

  1. Sole Proprietorship

    15 vote(s)
  2. "C & S" Corporation

    11 vote(s)
  3. LLC

    25 vote(s)
  4. Partnership

    1 vote(s)
  5. In-Corporated

    11 vote(s)
  6. Un-Liscensed

    0 vote(s)
  1. doo-man

    doo-man Senior Member
    Messages: 387

    What kind of company are you registered as?

    I just recently went from a Sole Proprietorship to LLC.
    Last edited: Nov 22, 2009
  2. grandview

    grandview PlowSite Fanatic
    Messages: 14,609

    One company is a corp and the other is unlicensed.
  3. KBTConst

    KBTConst Senior Member
    Messages: 426

    one S-Corp one Sole
  4. snow tender

    snow tender Senior Member
    Messages: 134

    LLC for me
  5. asps4u

    asps4u Senior Member
    Messages: 543

    LLC for my lawn/plow business.
  6. JR Snow Removal

    JR Snow Removal Senior Member
    Messages: 390

    DBA for now until I get bigger
  7. doo-man

    doo-man Senior Member
    Messages: 387

    Setting yourself up to loose everything including your home or anything your name is attached to, It's really easy and fairly cheap to become an LLC in Michigan I just sent my paperwork in few weeks ago and $50.00 and I am all set.

    Just some info and a heads up.
  8. Superior L & L

    Superior L & L PlowSite Veteran
    from MI
    Messages: 3,035

    I would have a attorney draw up the papers for you. Its all good till someone trys to take all your assets cos you didnt do your LLC right.
  9. doo-man

    doo-man Senior Member
    Messages: 387

    I have all paperwork done from when I was sole and just changed from that to LLC I think I am all set but gonna double check tomorrow!

    I am just saying something is better than nothing.
  10. Turf Commando

    Turf Commando Senior Member
    Messages: 567

    Sole proprietor for me been this way for years .....!
  11. dchr

    dchr Senior Member
    Messages: 159

    Switched from a sole prop. to LLC approx. 5 years ago upon the advice of my attorney and my accountant.
  12. snow4me

    snow4me Senior Member
    Messages: 126

    I plowed a few residential accounts for two years now and I want to register as a business so I need some advice. I read that there are tax advantages to "sole proprietorship" and I'm not planning on growing the business too large right away so I'm thinking this may be the way for me to go. What is this tax advantage and if it's not significant should I do LLC to protect my other assets?
  13. creativedesigns

    creativedesigns PlowSite.com Addict
    Messages: 1,929

    Ltd. for me! (Limited) tymusic

    Oh, you mean the male strip club you run is Unlicensed!?! LOL