- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Anyone here have experience with their own construction company?
Posted on 2/14/23 at 4:33 pm to BayouBengals21
Posted on 2/14/23 at 4:33 pm to BayouBengals21
quote:
Got a good opportunity here to contract myself and maybe two or three guys for an industrial construction project.
Title kind of explains, just looking for anyone here that has or has had their own industrial construction company? How much insurance was required? what all was needed besides LLC and insurance? Would it better to 1099 the few guys or list them as employees for said company?
alot of that will be dependent on what your msa states.
Find yourself a good insurance guy, a good cpa, and a good lawyer that is familiar with the industry you work in. Those are the three most important people to the success of your company in the industrial space besides yourself. The cpa and lawyer help you structure the company properly. The lawyer and the insurance guy look at msa's and make sure you have the proper coverage and that the terms of the msa are not overly favorable to the customer and screw you. Then you can also look at contracting a safety guy. Just depends on the types of companies you are doing work for but some may require safety training or some type of safety program... which of course would be in the msa.
This post was edited on 2/14/23 at 4:38 pm
Popular
Back to top
Follow TigerDroppings for LSU Football News