• Share
  • Email
  • Embed
  • Like
  • Save
  • Private Content
1 4 Landscape Business Organization
 

1 4 Landscape Business Organization

on

  • 1,538 views

 

Statistics

Views

Total Views
1,538
Views on SlideShare
1,536
Embed Views
2

Actions

Likes
0
Downloads
1
Comments
0

1 Embed 2

http://www.slideshare.net 2

Accessibility

Categories

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    1 4 Landscape Business Organization 1 4 Landscape Business Organization Presentation Transcript

    • Landscaping Plant: Camellia Term: Business Structures
    • Camellia Camellia japonica
      • Plant type: Interior Plant, Shrub
      • USDA Hardiness Zones: 7a to 9a
      • Height: 10 – 15 ft, Spread: 6 – 10 ft
      • Exposure: partial shade to full sun
      • Bloom Color: Lavender, Orange, Pink, Red, White, Yellow
      • Bloom Time: Winter
      • Growth Rate: slow
      • Landscape Uses: Container, Espalier, Standard, Specimen
      • One of few plants to flower in Winter
    • Business Entities
      • When beginning a business, you must decide what form of business entity to establish.
      • Your form of business determines which income tax return form you have to file.
      • The most common forms of business are:
        • Sole Proprietorships
        • Partnerships
        • Corporations
        • S Corporations
        • Limited Liability Company (LLC) 
    • Sole Proprietorship
      • A business owned by one person (the proprietor). The most simple type of business organization.
      • Many use the d.b.a. (doing business as) designation.
        • Example:
        • John Smith, dba Smitty’s Mower Repair
    • Sole Proprietor Taxes
      • Business income is reported to the IRS annually on a schedule C under the owner’s social security number.
      • You must pay estimated taxes quarterly to Virginia and the IRS
    • Sole Proprietor
      • There is no liability protection – if the business is sued – the owner is personally sued.
      • The higher the risk of injury in the job, the riskier this is as a business entity.
      • Example: A new employee slips when mowing and cuts off his toes. He says he was not properly trained. He sues the owner for damages.
      • If the business is not worth the damage amount, the owner is responsible for payment.
    • Other Types of Business Entities
      • Partnership – Just like a Sole Proprietor with more than one owner.
        • Income reported on personal income tax – divided according to partner interest.
        • Percentages established by contract.
        • Examples
          • 50/50: divide all income evenly
          • 90/10: 90% to operator, 10% to silent investor
        • No liability protection – if the business is sued, all partners can lose private assets
    • Corporations
      • LLC (Limited Liability Corporation)
        • Taxes either as a individual or corporation
        • Personal assets are safe from lawsuits
        • Easy to establish
          • Apply with the State Corporation Commission
        • Need to have Corporate By-laws
      • Corporation (C or S Corp)
        • Taxed as a corporation and as individual
        • Personal assets are safe
        • Complicated to set-up – need legal help
    • Bonding
      • A surety bond is something that is necessary for starting a landscaping business
      • Many clients will require that you are bonded before you begin work.
      • Bonding means that a third-party entity has guaranteed that you will perform services as required.
      • Like insurance for business reputation.
      • This is a serious legal consideration because if you aren't bonded and you fail to complete a project, you might wind up on the wrong end of a lawsuit.
    • Types of landscaping businesses
      • Installation
        • Sub for general contractors
      • Commercial
        • Installation
        • Maintenance
      • Residential
        • Installation
        • Maintenance
      • Interiorscape - growing area
    • Interiorscaping
      • The practice of designing, arranging, and caring for living plants in enclosed environments
    • Interiorscaping Firms
      • Contract for design, installation & maintenance of interior gardens for hotels, conference centers, shopping malls
      • Provide structure, lighting, & plumbing
    • Landscape Specialties
      • Xeriscapes – drought resistance
      • Native Landscapes
      • Sustainable Landscapes
      • Heritage Gardens
      • Tree Care
      • Lawn Care
      • Sports Turf
      • Rooftop Gardens
      • Outdoor Lighting
      • Patios & Barbecues
      • Playgrounds
      • Water Features
      • Niche Markets – specialty areas
      • Helps small companies to compete with large ones.