ChrHerrman
ArboristSite Lurker
I have been doing basic tree work for the last couple years as a side job and feel like I am ready to make the jump to a business. I will still keep my other job, but this way I will be legal and able to carry some insurance. I do about 2 jobs a week after work in the evenings and during the weekends. I feel like I charge reasonable rates to homeowners as wells as to other tree companies. Tree companys- don't worry, I don't give cut-throat prices and I take this line of work seriously. I have a small chipper and dump trailer and since Irene I have been pretty busy. In a few years I would like to look into climbing and eventually upgrade to a dump truck and larger chipper or a chipper/box combo trailer. I am trying to make baby steps so that I do not go overboard.
I recently did a trimming job for my neighbor who is an accountant and he said he will do all the paperwork for Incorporating me in return. He suggests I become INC. for the obvious reasons of liability, but also so I can get some insurance, and claim my truck, trailer, tools, and expenses for tax purposes.
My questions are:
Which is better from your experience Inc. or LLC?
What is the most affordable insurance company for this type of work?
Is your company name your personal name or a company name you came up with? If so how did you come up with this name?
I recently did a trimming job for my neighbor who is an accountant and he said he will do all the paperwork for Incorporating me in return. He suggests I become INC. for the obvious reasons of liability, but also so I can get some insurance, and claim my truck, trailer, tools, and expenses for tax purposes.
My questions are:
Which is better from your experience Inc. or LLC?
What is the most affordable insurance company for this type of work?
Is your company name your personal name or a company name you came up with? If so how did you come up with this name?