Snow Equipment Owning/Operating Indulge My Business Idea for a Minute

[Industrial Toys]

I refuse to let my stuff near salt or sheit! When our JD 6200 was new, my Dad rented it to the farmer that works our place organically. My Dad always has to try and figure out a way to recover his outlay. Anyway, I was the poor SOB that had to clean the tractor when it came back. It was not worth the little money made, IMO!

 

[sparc]

I guess I could have been more clear. This would not really be an actual business. I would not be getting any kind of insurance. Any damage to my equipment would be my own loss. The subdivision would not hold me liable for any to the roads either.

This would simply be a way to offset the cost of ownership until the loan was paid off.

The subdivisions' lawyer would probably stop them from hiring you, because if YOU don't have insurance THEY will be on the hook 100%. They would get drug into a suit anyway if you damaged something or injured someone because you are working for them, but if you don't have insurance it's all on them.

Protect yourself, make it a legit business and charge accordingly. You can then write off/depreciate that new cab tractor, one that is capable of doing the job efficiently, as a business expense.

 

[lostcreekranch]

Your plan could get sunk as a result of counting on snow. Weather is fickle at times?

 

[Olympus]

The subdivisions' lawyer would probably stop them from hiring you, because if YOU don't have insurance THEY will be on the hook 100%. They would get drug into a suit anyway if you damaged something or injured someone because you are working for them, but if you don't have insurance it's all on them.

Protect yourself, make it a legit business and charge accordingly. You can then write off/depreciate that new cab tractor, one that is capable of doing the job efficiently, as a business expense.

Subdivision does not have a lawyer.

 

[JimRB]

Don't forget to add the price of a plow. A loader bucket is not too efficient. Crosby Equipment Company

 

[Pixguy]

I am the president of a commercial condo assn. and although we don't have an attorney, we have and will unfortunately need one on occasion.
I hire the snow removal and sanders and require a copy of their commercial insurance policy.
Could we hire someone who wanted to do the snow removal on side a lot cheaper? Yup. Would we? Nope.

Either way, I wish you luck and if they allow you give it a shot, I hope it works out to all involved.

 

[forgeblast]

Just to beat the insurance drum again. I sell spoons at craft fairs. I have a 1million dollar policy in-case my tent fly's off and does damage, its about 350 a year for it. I am set up as a sole proprietor, if you are going to do this you may want to form a llc to protect your assets. You will also need to register with the state and pay quarterly sales tax on the money you made. I would also keep a records of everything and receipts.

 

[Gary Fowler]

Subdivision does not have a lawyer.

Are you that naive or just plain stupid? Everyone has a lawyer, just look in the yellow pages or watch TV for one to advertise. Just because someone doesn't have a lawyer on retainer doesn't mean that they cant get one at any time when needed. If you insist on opening a business without any liability insurance or forming a LLC corporation to protect any assets that you may have, then be ready to loose everything that you own now and in the future to a lawsuit that could happen at any time, perhaps from something that is not your fault but just the legal fees fighting a frivolous lawsuit can bankrupt most individuals. Anytime you are doing work on a roadway, you are open to having an accident with road traffic, be it automobile, ATV, Snowmobile or even a pedestrian that you may run down. Maybe you don't have any fixed obstacles to deal with but there is always a possibility of a mobile vehicle/person colliding with you.

You have been advised very well as to how to protect yourself , so now go out an do what you already planned to do without any advice so you can save the $300-400 in insurance cost per year. Perhaps luck will be on your side for a while, but it always runs out eventually.

 

[jel1988]

My insurance agent charges a $1000 minimum for this type of policy, and I checked out another agent just to make sure.

 

[kevin37b]

Just wait till that car sneeks behind you when you decide to throw it in reverse .