Just purchased my LLC

**SeaJay's** · 02-16-2011, 03:09 PM

Well, I decided to take the plunge and get my LLC for my part time company. I figured that I needed to do it since I'm now offering paint corrections. In the event that I make a mistake I want to ensure I have some insurance to cover my butt. I am only human!

So I have to wait 10 business days for everything to be filed and to get all my numbers and info.

I'm pretty excited about it since this is the first step in getting my business up and running full time.

All I can say is that Mass is a complete rip off for getting this stuff done. Any other state it would have cost me almost $500 less than it did here.

**BobbyG** · 02-16-2011, 03:16 PM

Jason,

Congratulations and Welcome to the Communist Republic of Massachusetts..

**SeaJay's** · 02-16-2011, 03:17 PM

Originally Posted by BobbyG

Jason,

Congratulations and Welcome to the Communist Republic of Massachusetts..

Thanks Bobby! And tell me about it! it's disgusting!

**LuxuryMobile** · 02-16-2011, 03:24 PM

Congrats, that is a big step.

**jonn127** · 02-16-2011, 03:47 PM

Could you guys expand on what you mean when you say insurance and you are getting into paint correction? The guy I'm talking to is saying it would only cover if say I dropped something on the hood and made a dent......

**SeaJay's** · 02-16-2011, 03:56 PM

Originally Posted by jonn127

Could you guys expand on what you mean when you say insurance and you are getting into paint correction? The guy I'm talking to is saying it would only cover if say I dropped something on the hood and made a dent......

Paint correction - removing swirls, minor scratches, wet sanding, polishing etc. There is a risk that you can burn through the paint with a rotary or DA. Basically, any time I'm working with my polisher.

I'm working on getting insurance quotes right now and I will ensure that any mistake I make I'll have my butt covered. I'm very cautious when I work, but you never know. We are only human and mistakes happen. So, when and if that mistake happens I want to ensure that I have the insurance to fix my mistake.

**jonn127** · 02-16-2011, 04:03 PM

Well see thats what I thought. my insurance guys remark is

"The reason it’s not covered is because you are running a business to detail cars. so if you damage them in the course of that work, no one would want to insure you. Make sense?!"

**rbss** · 02-16-2011, 04:07 PM

Congrats man. Ive been thinking about doing a LLC too this would be the last step for me to be official. I'm only doing it part time too. How many cars a week are you detailing to justify going LLC.

**WestEnd** · 02-16-2011, 04:07 PM

Sweet SeaJay, congrats.

**C. Charles Hahn** · 02-16-2011, 04:15 PM

Originally Posted by jonn127

Well see thats what I thought. my insurance guys remark is

"The reason it’s not covered is because you are running a business to detail cars. so if you damage them in the course of that work, no one would want to insure you. Make sense?!"

Then how do you explain doctors with malpractice insurance? No insurance agent is going to look at them and say "here's your malpractice insurance, but remember if you cause damage/injury during the course of practicing medicine, it's not covered because you're running a business to practice medicine."

What good would any business insurance whatsoever be if it didn't cover you while you're doing what you're in business to do?