Hi Cameron new subscriber to your channel. I do basically the same thing as you , found you by surching brush hogging. I have the Kubota SVL 95 HIGH flow.
First thing is make sure you have steady work lined up. People think buying the machine is the hard part when that’s actually the easy part. Keeping steady work coming in is the real challenge. Marketing your business and showing ppl what you can do and what you have to offer is key! Good luck!
@@henryoppermann134 I got llc then when I filed I got taxes for bizz n self. Then was reading and watching videos that s Corp just taxes bizz and not you when payself
The LLC gets taxed as a sub s Corp, you as an employee/ owner take what is left over as income distribution. Which you most likely loan back into the business, taking only what you need for living expenses. Talk with a tax advisor For the mechanics of it all. I had a couple LLC’s in my career.
@@adanr150 LLC is a liability veil with the taxation of an S corp, so two separate issues, the main benefit of which’s to acquire an investor later to foster growth based on a contract, rather then the traditional stock in proportion of ownership share distribution, leaving you much more flexibility, without the double taxation of the corporation, and then also as an employee. THe one thing to be careful of is the need to contribute to a retirement plan, if the company sale at a later date is not your retirement strategy. Sorry, hard to give a simple answer to a lengthy legal rationale.
I enjoyed going to each of your projects. I love the skid steer and all it can do. Share more,,,
This is awesome man please do another!
Great video man , I just bought one and starting my adventure now thanks for the ideas !
This is a cool video. Watched the whole thing without even realizing. I wish you would talk about prices and what you charged each customer.
You're pretty cool dude. Looking out to see more of your videos bro
He's Back!
nice big trusty reliable kubota svl
Hi Cameron new subscriber to your channel. I do basically the same thing as you , found you by surching brush hogging. I have the Kubota SVL 95 HIGH flow.
I drive a skid for my work in a green house but I'm kinda curious about doing it full time, any suggestions and where to start?
First thing is make sure you have steady work lined up. People think buying the machine is the hard part when that’s actually the easy part. Keeping steady work coming in is the real challenge. Marketing your business and showing ppl what you can do and what you have to offer is key! Good luck!
Do you bid these types of jobs by the hour or a flat cost? Looks like a lot of the work you did that week were smaller projects for other contractors?
Yes a lot was for contractors. It’s about 50/50 pricing job and working by the hour. Depends on what I’m doing
@@cameronward7137 what is the going hourly rate? Ball park
Also is that type of truck you use with the flatbed better than a truck and trailer combo?
Hey love the videos!
How did you get started doing skid steer work? How did you advertise?
Just bought a takeuchi tl8 wooking to do the same thing how long gave you been doing this?
How much is your goal per day? Profit $
When you file taxes you have to pay Uncle Sam twice right with llc. Taxes for business and when pay self taxed again
No, that’s why an LLC is better than an INC, what you explained is the inc taxation.
@@henryoppermann134 I got llc then when I filed I got taxes for bizz n self. Then was reading and watching videos that s Corp just taxes bizz and not you when payself
The LLC gets taxed as a sub s Corp, you as an employee/ owner take what is left over as income distribution. Which you most likely loan back into the business, taking only what you need for living expenses. Talk with a tax advisor
For the mechanics of it all. I had a couple LLC’s in my career.
@@henryoppermann134 oh no I understand it better. So I was only taxed once. Have to see why I paid twice? Thanks a lot. So llc better than s Corp?
@@adanr150 LLC is a liability veil with the taxation of an S corp, so two separate issues, the main benefit of which’s to acquire an investor later to foster growth based on a contract, rather then the traditional stock in proportion of ownership share distribution, leaving you much more flexibility, without the double taxation of the corporation, and then also as an employee. THe one thing to be careful of is the need to contribute to a retirement plan, if the company sale at a later date is not your retirement strategy. Sorry, hard to give a simple answer to a lengthy legal rationale.
Tyto repair