Question:
I would like to know how to legalize my landscaping company? I started a small landscaping company a couple of months ago and now I have many customers and a lot of work. I would like to make it legal meaning I would like to have a landscaping license and insurance for my workers. Where do I get this and how much does it cost? Also if anyone knows how this would look in my taxes meaning how would I report my profit? Do I have to tell the IRS every job that I do? I am located in Maryland, Thanks!
Answer:
You need an occupational license in the city where you work/live and you must pass the state landscaping contractor test. After that, call any insurance agent to find out about worker's comp and liability. Buy it and start advertising.
You will fill out a schedule C for your income tax. Yes, you have to tell them how much you made.
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