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I thank you again for the advice. I have watched many companies fall from this type athing. Because I dont have the cash flow to do everything by the book right such as WCB and registering that is why I plan I to put every thing I can make back in to the business. That way I will save money intill I can afford to start doing that.
Picture it this way. Remember when you were younger, 12, 13 maybe 14 you parents told you to go out and cut lawns for a bit of extra cash. did you pay your tax on that? Did you pay all of your legal fees and insurence fees? Did you do illegal business that 100% legit businesses could have done such as your selves? making money by cutting those lawns, that you cut for ten or twenty dollars under the table.
That is what I plan to do. dont get me wrong Im an honest person and I dont want to cheat know one. What would that prove? What I need to do, is generate some kind of money that can circulate in the business and have a leg up so I can pay for the business name and become a Limited company. I dont have have the current cash flow from my job to take a chance on. Im doing a lawn here and lawn there for a little while generate some cash that goeas directly in to the company and legal dues.
Im not trying to cheat anyone. I dont want to take business away from anyone. I will do it almost at cost for the one reason I havent done enough lawns to charge out full cost.
If you were my client would you pay me the same as someone that has being laying sod for 25 plus years? since I havent laid over 15 lawns?
If things take off and I end up making $30,000 a year ( I highly doubt that) I will get my GST number and Pay the $1000 to put LTD behind my name.
My mom has seen many failed businesses being that she works in a bank. She has told me many what not to do's and things to be careful of. Why I need to do this, Why I dont need to do that. Things I shouldnt worry about.
One last thing to this rant. I have been thinking of a name to persue later.
Premium Lawns
The sign I would stick in the lawn for advertising would say
"Another Premium Lawn"
I dont know if that works or not but just a thought.
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