FWJ - I'll be directly competing with you! Watch out, cause here comes 24 raging horse power and the biggest mower it will pull (60 inch brush hog)!
In all seriousness, I'm going for the exact opposite market. The stuff that you would not bother with. The heart of the beer money market. With a twist. I will operate and advertise as a legal company.
I fully intend to operate the business legally, carry liability insurance and pay my taxes. I have every reason to do so, because of a few factors:
- The first is that I am a professional civil engineer. I am licensed in the state of MA, and therefore I cannot risk losing my license due to unethical dealings. It also requires me to have an umbrella policy. I've had a seperate landscaping policy in the past for snow work, but I'm going to work with my insurance agent to come up with the appropriate policies to cover us.
- While all of my trucks are able to registered as "personal" vehicles legally, my dumptruck is a big target. The personal tags just look odd, and it痴 not really worth an argument with a LEO on the side of the road. I'm best off registering it commercially, as the overall cost is not much more. I have taken it off the road for now (its under repair at the moment also) and will register under the company once I have a business license.
- As I stated before, I really need to speak to an accountant about the tax thing. My wife and I both have good paying jobs. We qualify for virtually no tax benefits. I hate to say this, but a small business in the red may help us.
I'm looking for a way to use the equipment that I have (most of it sits around too much), have some fun, get a tax break, and not spend more money than I make. I will be sure to charge enough to cover all my costs, pay myself and maybe make a small profit. I guess I expect to make some money and maybe save some through tax credits, but I don't expect to become a millionaire mowing weeds.