Business questions

[Steppenwolfe]

This is a huge red flag. I suggest fixing the underlying problem immediately, which is the willingness to cheat, etc. You seem to have all the necessary ingredients to be very successful. If you keep on the path of cutting corners and not operating professionally it will continue to expand and eventually explode. I've seen it happen over and over with others.

My suggestion is to spend some money and engage a good local attorney and CPA for advice. People here offer good help but they don't know all of your circumstances, probably also many are not familiar with specific laws in your state. So what worked for them in their state might be bad advice for you in your state. A good local attorney and CPA will get you oriented in the best possible ways, in compliance with laws, etc. Not to mention also a good insurance policy. Yes, they are expensive, but not in the long run. Your entire future is threatened if the "underground economy" continues.

:thumbsup: Yeah, what he said. Excellent advice.

 

[Steppenwolfe]

ownership of the assets by the llc protects the individual from liabilities associated with those assets.

Better double check that, not always accurate. There are paths of liability past the llc to the personal assets in certain cases.

 

[EarPlug]

LLCs and Limited Liability Protection: A 5-State Guide | Nolo.com

 

[DaveB2650]

Dang.....I just want to make some money enjoying doing tractor work.... I started an LLC to make it "above the board" and "legal"..... hope to get this adventure off to a great start!