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Old 06-23-2009, 09:37 PM   #41
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CT has that and the Thank you button, seems like they are features Nathan could put here.
Nathan should stop by here more often and see whats become of pt.



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Old 06-23-2009, 09:39 PM   #42
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Nathan should stop by here more often and see whats become of pt.
Why? Sherriff Archie is patrolling the streets! BAMF that Archie!
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Old 06-23-2009, 09:45 PM   #43
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If hard work were all it took then every fool hanging out here 16 hours a day would be a millionaire. If the long haul is now to October you are probably in it. Listen to these folks, you are so far out in left field you cant even see home plate. Sorry.

Once again i guess u cannot comprehend.we have been running the business like this for 5yrs. so "october of 2025" would be what i consider long haul!!
But i will agree with you on being out in far left field, but we are working our way to trying to fix that , thats when i ran acroos this sight ,thinking it was to help us. Now am starting to realize you just want to run "NEWBIES" out i guess fear that we may grow to be competion for you?

If not , why such harshness i am seeking advice on how to handle our growing business!
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Old 06-23-2009, 09:51 PM   #44
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How much was your payroll last year?
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Old 06-23-2009, 09:52 PM   #45
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It's all the same, only the names will change
Everyday it seems we're wasting away
Another place where the faces are so cold
I'd drive all night just to get back home

I'm a cowboy, on a steel horse I ride
I'm wanted, dead or alive
Wanted, dead or alive

Sometimes I sleep, sometimes it's not for days
And the people I meet always go their separate ways
Sometimes you tell the day
By the bottle that you drink
And times when you're alone, when all you do is think

I'm a cowboy, on a steel horse I ride
I'm wanted (wanted), dead or alive
Wanted (wanted), dead or alive

I'm a cowboy, on a steel horse I ride
I'm wanted (wanted), dead or alive

And I walk these streets, a loaded six string on my back
I play for keeps 'cause I might not make it back
I've been everywhere, still I'm standing tall
I've seen a million faces and I've rocked them all

'Cause I'm a cowboy, on a steel horse I ride
I'm wanted (wanted), dead or alive

And I'm a cowboy, I got the night on my side
And I'm wanted (wanted), dead or alive

And I ride (and I ride) dead or alive
I still ride (I still ride) dead or alive
Dead or alive [x4].



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Old 06-23-2009, 09:54 PM   #46
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Get a good lawyer, bookkeeper and accountant. These would be the best moves to make.



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Old 06-23-2009, 09:56 PM   #47
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I wondered about that too?! I cannot imagine how your husband runs a business "in his head" with 8-15 guys? And supports anyone on those sales?
he uses ledgers, notebooks, calc., proposal sheets, timesheets, then when we file our taxes we take all of these files to our lady at H&R .

I guess i am wrong i don't have time too sit and try to defend my husbands' way of doing things...i know that it has not been the best way.. i just thought that while i am laid off i could take advantage and try to get help from you "EXPERIENCED BUSINESS OWNERS" sorry that i intruded in on this sight. i will do what i need to do..then when we are so big and have more time to sit and jitter jatter on the computer and slam NEWBIES i'll come back!
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Old 06-23-2009, 09:59 PM   #48
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ann, please do not take it personal. Right now you are seen as the "poster child" of how not to run a biz.
Many of us have spent years developing a business, paying license fees, taxes, accts. lawyers etc. to become a legit company. We have to compete daily with "painters" who do not do this and it is very frustrating.
It is even worse when you say you are "employing" all those people and not paying tax liabiities or WC.
What would you do if someone fell off a ladder? Your customer coud end up with the bill. There are so many other things to consider.
When times get tough, there are more that say "I can be a painter" and come here and post.
Take our advice, do the things suggested and post when you have a specific question and many of us would be glad to see you on the forum.
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Old 06-23-2009, 09:59 PM   #49
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he uses ledgers, notebooks, calc., proposal sheets, timesheets, then when we file our taxes we take all of these files to our lady at H&R .

I guess i am wrong i don't have time too sit and try to defend my husbands' way of doing things...i know that it has not been the best way.. i just thought that while i am laid off i could take advantage and try to get help from you "EXPERIENCED BUSINESS OWNERS" sorry that i intruded in on this sight. i will do what i need to do..then when we are so big and have more time to sit and jitter jatter on the computer and slam NEWBIES i'll come back!
Now dont get your panties in a bunch ...... you claim to do 100k per year with ...lets just say 8 full time painters. Your numbers do not make sense. Get it? Your either full of sh!t or going bankrupt and the IRS should be knocking on your door any day.
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Old 06-23-2009, 10:00 PM   #50
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WHY can't I be nice like Chris?
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Old 06-23-2009, 10:03 PM   #51
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How much was your payroll last year?

supplies, and payroll is< sales

yet our profit is> if my husband worked in a factory

So the nightmare is better than any other job. The FREEDOM when he takes advantage of it is GREAT! GULF SHORES HERE WE COME AGAIN FOR THE 4TH OF JULY ON THE OCEAN!!!
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Old 06-23-2009, 10:09 PM   #52
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supplies, and payroll is< sales

yet our profit is> if my husband worked in a factory

So the nightmare is better than any other job. The FREEDOM when he takes advantage of it is GREAT! GULF SHORES HERE WE COME AGAIN FOR THE 4TH OF JULY ON THE OCEAN!!!
So lets say you have 8 guys who make 10k a yr which we all know you can not live on... So that's 80k w/o paying for supplies and your husbands salary...

The point others are making is there is no way you have that many guys working with sales of 100k even 150K.
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Old 06-23-2009, 10:13 PM   #53
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ann, please do not take it personal. Right now you are seen as the "poster child" of how not to run a biz.
Many of us have spent years developing a business, paying license fees, taxes, accts. lawyers etc. to become a legit company. We have to compete daily with "painters" who do not do this and it is very frustrating.
It is even worse when you say you are "employing" all those people and not paying tax liabiities or WC.
What would you do if someone fell off a ladder? Your customer coud end up with the bill. There are so many other things to consider.
When times get tough, there are more that say "I can be a painter" and come here and post.
Take our advice, do the things suggested and post when you have a specific question and many of us would be glad to see you on the forum.


OKAY... I SEE YOUR POINT this is what i am wanting to do."go legit" This is what my husband is wanting for me to figure how to do.....I will do these things i promise. we really did not expect to grow the way we have. these were the things i was looking for............Get a lawyer?? is he gonna tell me what i need to do to be legit??

get an accountant? i can see ths a a good thing to take over all our paperwork!!

Get a license? I can do that , i think by registerring with the state?
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Old 06-23-2009, 10:19 PM   #54
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WHY can't I be nice like Chris?
Cause then you wouldn't be the NEPS we all know and love!

Quote:
Originally Posted by annrob View Post
supplies, and payroll is< sales

yet our profit is> if my husband worked in a factory

So the nightmare is better than any other job. The FREEDOM when he takes advantage of it is GREAT! GULF SHORES HERE WE COME AGAIN FOR THE 4TH OF JULY ON THE OCEAN!!!
ann, have you read thru the stickies?
That freedom may not last when the tax man catches up.
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Old 06-23-2009, 10:33 PM   #55
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[quote=annrob;78178]Yeah, H&R Block.....We take them in all our paperwork..she goes with it.
We spoke to many on the LLc, been tolld that is not for us. we our looking at Corp. We now have from 8-15 employees(7 are part-timers).
We have just been 1099 them . this is what he wants we want to pay in there taxes each week, also offer work comp,etc.. "REAL BUSINESS" (you know what i mean)
Our sales our over 100,000 and not happy want them to exceed , 200,000 this year. Now u can see why my husband wants me to get a grip..
We have talked to an accountant, but finding time for my husband to go in with is a nightmare. i see our business with lots of potential to grow, we will one day be a million dollar business. we want to see trucks all over the U.S. with our name and logo, 50 plus employees.



So lets say you have 8 guys who make 10k a yr which we all know you can not live on... So that's 80k w/o paying for supplies and your husbands salary...my husband matches his top dollar wage for his wage

The point others are making is there is no way you have that many guys working with sales of 100k > 200K
. Well, i know we are, i may not been so clear on the minor details.... and our highest paid employee didn't exceed that by too much...and he is surviving

we are all surviving!!
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Old 06-23-2009, 10:43 PM   #56
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Old 06-23-2009, 11:02 PM   #57
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ann,

Listening to the folks who are business men here will teach you alot.

This forum is a place where the experienced are generally willing to graciously help the less experienced and make the industry highly profitable for all.

I wish you and hubby good luck with your endeavor to make your business make you tons of money.



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Old 06-24-2009, 08:07 AM   #58
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ann,

Listening to the folks who are business men here will teach you alot.

This forum is a place where the experienced are generally willing to graciously help the less experienced and make the industry highly profitable for all.

I wish you and hubby good luck with your endeavor to make your business make you tons of money.

thanks, for the good luck wish.....God only knows we are gonna need some. Like i said we are surviving with little to spare, know there is potential to grow HUGE. We want to be like another Richardson paint Company or Freedie Goldman. Both of which my husband ran crews for. We may have just went As_backwards at the "Business side". It all started when my brother had a new home built, he knew my husband could paint(seen our house),told his GC he had to use him(cheaper and knew the results). Then another brother, then parents, each time this introduced my husband to knew contractors. THEN Realtors needing paintjobs. then before we knew it the sales lady at SHERWILL put our name out, then she became a feild rep. We talk to her her like 10 times a day with any and all questions, if she doesn't know she gets answers from her supplier. we are up and running, and have lots of Repor with everyoone involved. like i said i came to this sight wanting to know how to get legit..........it seems alot of the response i get though is just dogged me about what we haven't done right. I wouldn't be asking for a little help from the experienced businesss owner/operators if i thought everything was all hunkey dorey. sorry that i am an example of how "not to run a business" just give ideas of the right way!!


So far i have this.........Need a lawyer?(not sure)
Need an accountant (yes)
Need to register business(yes)
Need License(i guess)


Feel freee to say anything that is gonna help me to get LEGIT....
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Old 06-24-2009, 08:56 AM   #59
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Wow, interesting thread. Kudos for trying to better your business, Ann but I get the same feeling as the other posters that you are not being completely forthcoming. As of right now from what I read I don't give you to the end of the year before you are hit with a tax assessment that will take your business, your home or land you in jail as well as being completely bankrupted.

My advice based upon what you wrote. Fire everyone but one good helper. Get him on the books througha leasing agency (you won't have to pay payroll taxes or cover him under workman's comp). Raise your prices by 300%. This will cut your workload down dramatically but it doesn't matter, the work will be profitable and set you up for the long term growth you said you desire.

Ann I am not trying to hammer you but you are dangling over absolute ruin by a very thin thread.
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Old 06-24-2009, 09:20 AM   #60
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once again thanks, up until i joined this forum......i was not aware that anything we were doing was wrong.... we are going to getting with an accountant to find out how to deal with what evceryone one here has been saying. Not sure if the reason i keep hereing about the tax people putting us in jail is for the reason of talking thisd way out here "in hte public" or what. some of the small details is for that our employees are family, i know that H&R told us that family own is OK... we are just still wanting to get right. With what are sales are we are making money, just sometimes also feels like we rob from peter to pay paul. So i do agree that sometimes we are puttting ourselfs at risk to go bankrupt. I know we have seeen that a few times our apartment contract has been that we paid them to paint it. You know after wages and supplies we were -. Yet we make up for that loss on some of GC, INS, and INDVIDUALS CONTRACTS. I wasn't out here trying to detail how our business is already being ran: i guess i should have just stated that i want to start a new business, but then i would have just been shut out for not having experience.

Trying to figure out if lack of painting experience and knowledge or lack of business experience or knowledge is the worst.
everyone out here seems to dislike both. I think i will just withdrawl from being a member of this forum.. i dont have time to waste here... need to get to work on trying to figure how to be legit and get right ......then maybe we will see you ALL on the playing field front and center, better yet maybe then i can be you guys and just be a ref. to the game and dog out the hard working players out there!!
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