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ADC business help #4723177
11/03/14 04:14 PM
11/03/14 04:14 PM
Joined: Dec 2013
Posts: 34
Idaho
trapping idaho Offline OP
trapper
trapping idaho  Offline OP
trapper

Joined: Dec 2013
Posts: 34
Idaho
Well I'm only 17 and I want to start a ADC business but what do I need to do to get started? Where do I need to get the business papers from? Can I do a private business? Anything you guys want to throw in their I'd really appreciate it thank you!


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Re: ADC business help [Re: trapping idaho] #4723203
11/03/14 04:30 PM
11/03/14 04:30 PM
Joined: Jan 2014
Posts: 25
Michigan
DaveK Offline
trapper
DaveK  Offline
trapper

Joined: Jan 2014
Posts: 25
Michigan
Awesome! You will find that there are a bunch of steps to take, but once you get the ball rolling...you will keep knocking them off. Look online for the paperwork to start an S corp...in your state.

Re: ADC business help [Re: trapping idaho] #4723264
11/03/14 05:02 PM
11/03/14 05:02 PM
Joined: Jul 2008
Posts: 1,361
mequon, wisconsin
P
Paul Winkelmann Offline
trapper
Paul Winkelmann  Offline
trapper
P

Joined: Jul 2008
Posts: 1,361
mequon, wisconsin
idaho, my grandson aced one of our harder pest control tests and made more money in a month at 17 years of age than I ever did at 27.

Keep an open mind, keep learning, and by all means, keep having fun!

Re: ADC business help [Re: DaveK] #4728576
11/05/14 09:37 PM
11/05/14 09:37 PM
Joined: Apr 2013
Posts: 24
South Dakota
_
_fletch_ Offline
trapper
_fletch_  Offline
trapper
_

Joined: Apr 2013
Posts: 24
South Dakota
Originally Posted By: DaveK
Awesome! You will find that there are a bunch of steps to take, but once you get the ball rolling...you will keep knocking them off. Look online for the paperwork to start an S corp...in your state.
Why an S corporation instead of an LLC? I'm preparing to take my NWCO test here in Kentucky but have only just begun looking at the business aspects of it.

Re: ADC business help [Re: trapping idaho] #4728615
11/05/14 09:49 PM
11/05/14 09:49 PM
Joined: Jan 2014
Posts: 25
Michigan
DaveK Offline
trapper
DaveK  Offline
trapper

Joined: Jan 2014
Posts: 25
Michigan
Well, that is a decision you have to make. There are pros and cons to each. It's been awhile since I compared the two. But, members of an LLC are subject to employment tax on the entire net income of the business. Speaking from experience, it is not difficult to maintain the paperwork for a S Corp. I have a meeting every year with the shareholder (myself), board of Directors (me), President (yours truely), Secretary (yeah, I do it). It's an interesting conversation.

Read up on them and decide for yourself.
http://www.sba.gov/blogs/should-my-company-be-llc-s-corp-or-both

Re: ADC business help [Re: DaveK] #4728644
11/05/14 09:59 PM
11/05/14 09:59 PM
Joined: Apr 2013
Posts: 24
South Dakota
_
_fletch_ Offline
trapper
_fletch_  Offline
trapper
_

Joined: Apr 2013
Posts: 24
South Dakota
Originally Posted By: DaveK
Well, that is a decision you have to make. There are pros and cons to each. It's been awhile since I compared the two. But, members of an LLC are subject to employment tax on the entire net income of the business. Speaking from experience, it is not difficult to maintain the paperwork for a S Corp. I have a meeting every year with the shareholder (myself), board of Directors (me), President (yours truely), Secretary (yeah, I do it). It's an interesting conversation.

Read up on them and decide for yourself.
http://www.sba.gov/blogs/should-my-company-be-llc-s-corp-or-both
Thanks for the link. I read it, and now my head hurts a little, haha. A lot to consider...

Re: ADC business help [Re: trapping idaho] #4728667
11/05/14 10:09 PM
11/05/14 10:09 PM
Joined: Jan 2014
Posts: 25
Michigan
DaveK Offline
trapper
DaveK  Offline
trapper

Joined: Jan 2014
Posts: 25
Michigan
Don't despair...hard work has its reward.

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