Re: Setting up a Alarm Security Business

[secure15 <secure15@xxxxxxxxxxxxx>]

I'm a NYS Instructor currently running the class right now in
Lindenhurst for licensing, as Jim has stated. If you'd like further
information on NY State licensing and requirements visit:
www.electricaltrainingcenter.li
call and ask the Secretary, Kim, for Mike S.



Crash Gordon wrote:
> LLC and taxed as an S-corp, much easier than being a corp and having to file
> crap paperwork every year...LLC's don't have to do that stuff. Ive been a
> Sole Prop., S-Corp, C-Corp and now LLC taxed as S-corp.
>
>
> "Jim" <alarminex@xxxxxxx> wrote in message
> news:1163562626.367039.147590@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
> |
> | atomb@xxxxxxxxxx wrote:
> | > I'm looking to start my own alarm install business and was hoping to
> | > find out some info on bare bones essentials(licensing) to operate an
> | > alarm biz in the state of new york. I really dont want to join
> | > associations unless mandated by the state government  also I was going
> | > to set up the company as a Limited Liability any thoughts on this?
> | > thanks any help is much appreciated.
> | > btw. Im looking to protect myself
> |
> | First, in my opinion, If you're starting out with a meager budget and
> | you don't have 5 years or more experience in the technical end of the
> | business and have never had and experience in running a business, get
> | educated first. Failure rate is high. Being in the alarm business isn't
> | all technical and installation work. You should know how to keep basic
> | accounting books, set up budgeting. Know a little bit about financing
> | and doing administrative functions like purchasing, writing proposals
> | and know a little bit about sales and marketing and clerical functions,
> | involved in runing a business.
> |
> | NY State requires that you have 60 hours of training in order to
> | qualify to apply for a test to obtain a State License. Contact the
> | Department of State, Albany NY.
> | If you are an association member, you can usually get the courses at a
> | lower price. The courses are given 3 or 4 times a year and usually
> | sponsored by a local alarm association.
> |
> | If you don't want to join any associations that means that you aren't
> | interested in the trade that you are going to make a living at. If you
> | don't participate in associations you'll probably wind up being one of
> | those people who complains about all the rules and regulations and the
> | poor products, but aren't willing to put time into correcting those
> | problems through your association. But .... you probably shouldn't
> | worry about that too much. You'll simply be among the majority of alarm
> | companies who don't participate ..... but complain. Some good things
> | you can get from joining associations is information that may be
> | essential for you to know, about changes in the laws that affect you
> | and your business and the ability to obtain new product information.
> | And it's useful to network with other people in the business who know
> | more than you do and many are willing to offer you advice and help in
> | making your business successful.
> |
> | Check with an attorney but I think you'll probably be better off for
> | tax purposes if you incorporate as an "S" corporation. Get yourself a
> | good set of contracts. They can save your ass if something goes wrong.
> | See if you can locate Ken Kershenbaums website, (I've forgotten what it
> | is) He's located in NY and one of the most well rounded Alarm
> | knowledgable attorneys in the industry. Probably has the best contracts
> | (not cheap, but iron clad) and they've designed around NY state alarm
> | laws. Also get some good liability insurance and O & E ( errors and
> | omissions) insurance. You can usually get discounts on much of the
> | above if you are a member on and association. Unfortunately, it's
> | probably gonna cost you about $500.00 a year to join. However, if you
> | take advantage of all the discounts, you'll probably get it all back in
> | a years time.
> |
> | Good Luck
> |
>
>