J
Josh Spoehr
Guest
Hello to all,
My name is Josh and I have posted on this network a few times. I want to start off by saying that the information shared on this website has been helpful to say the least. I have been planning on starting a PW business for over a year now. I just wanted to run down a list of things that I will be purchasing in the next few weeks, so if there is anything at all that I am forgetting please tell me.
Starting Cash
$13,000-$3,000 truck= $10,000 - $4,000 hot water washer = $6,000 - $1,500 enclosed trailer = $4,500 - $500 water and chem tanks = $4,000 - $500 reels and hose = $3,500 - $1000 Surface cleaner/x-jet/24 ft wand = $2,500 - $500 advertising = $2,000 - Pre paid insurance 1 year ??? Est. $1,500 = $500 left
I know I need chemicals and I will need fittings to hook up the washer to the tank, sooo I really need more money or do I? If I go with a cold water machine I will save some money but will I reget it later, will quality suffer? I would like any advise that I can get.
Also I was wondering if anyone formed a C corp for their business. I did with the thought of paying myself a dividend each month according to my profits, therefore I would only be taxed at the 15% dividend rate and I would not have to pay unemployment tax, social secerity tax and medicare. Any thoughts.
Joshua Spoehr
Legacy Pressure Washing Inc.
www.legacywash.com
the website is a work in progress.
My name is Josh and I have posted on this network a few times. I want to start off by saying that the information shared on this website has been helpful to say the least. I have been planning on starting a PW business for over a year now. I just wanted to run down a list of things that I will be purchasing in the next few weeks, so if there is anything at all that I am forgetting please tell me.
Starting Cash
$13,000-$3,000 truck= $10,000 - $4,000 hot water washer = $6,000 - $1,500 enclosed trailer = $4,500 - $500 water and chem tanks = $4,000 - $500 reels and hose = $3,500 - $1000 Surface cleaner/x-jet/24 ft wand = $2,500 - $500 advertising = $2,000 - Pre paid insurance 1 year ??? Est. $1,500 = $500 left
I know I need chemicals and I will need fittings to hook up the washer to the tank, sooo I really need more money or do I? If I go with a cold water machine I will save some money but will I reget it later, will quality suffer? I would like any advise that I can get.
Also I was wondering if anyone formed a C corp for their business. I did with the thought of paying myself a dividend each month according to my profits, therefore I would only be taxed at the 15% dividend rate and I would not have to pay unemployment tax, social secerity tax and medicare. Any thoughts.
Joshua Spoehr
Legacy Pressure Washing Inc.
www.legacywash.com
the website is a work in progress.