Lawn Club USA
New Contributor
- Joined
- Dec 11, 2018
- Messages
- 4
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Hello entrepreneurs.
I am considering starting a new lawn care business in North Carolina.
This concept is based on memberships. For example: for $100 a month the new client becomes a member and is granted weekly lawn service that includes mowing, weed trimming, edging, weed control, periodic pruning of ornamental plantings, etc. The $100 monthly membership covers any size lawn, no questions asked.
Under this concept, Our members will share ownership in our business. Think: Partners serving partners.
At the end of every year when a client/member renews their service contract for an additional year, they are awarded ownership units in our company. As founder, I intend to maintain 50% ownership in the company and the 50% units outstanding would be issued to our loyal members.
Ultimately shares would inevitably be diluted when new shares/units need to be issued to grow business and revenues by bringing in new waves of members. But at the same time a member is diluted, his unit value goes up as membership and revenue increase. So, less is often more when member's units are diluted. But at all times the membership base will be 50% owners of our company.
The question I have is would it be in any way legally challenging to give your loyal client base shared ownership in a business. Remember, I am in North Carolina.
I would hope to soon start taking $100 deposits from our first 50 to 100 clients who sign up early for membership for the coming mowing season which will run from early March to the end of October. That initial infusion of cash would be used to purchase needed equipment for the coming season. I feel as if I would need to offer some sort of perk to these members who pay a first deposit in advance and I am considering what that might be.
I am considering starting a new lawn care business in North Carolina.
This concept is based on memberships. For example: for $100 a month the new client becomes a member and is granted weekly lawn service that includes mowing, weed trimming, edging, weed control, periodic pruning of ornamental plantings, etc. The $100 monthly membership covers any size lawn, no questions asked.
Under this concept, Our members will share ownership in our business. Think: Partners serving partners.
At the end of every year when a client/member renews their service contract for an additional year, they are awarded ownership units in our company. As founder, I intend to maintain 50% ownership in the company and the 50% units outstanding would be issued to our loyal members.
Ultimately shares would inevitably be diluted when new shares/units need to be issued to grow business and revenues by bringing in new waves of members. But at the same time a member is diluted, his unit value goes up as membership and revenue increase. So, less is often more when member's units are diluted. But at all times the membership base will be 50% owners of our company.
The question I have is would it be in any way legally challenging to give your loyal client base shared ownership in a business. Remember, I am in North Carolina.
I would hope to soon start taking $100 deposits from our first 50 to 100 clients who sign up early for membership for the coming mowing season which will run from early March to the end of October. That initial infusion of cash would be used to purchase needed equipment for the coming season. I feel as if I would need to offer some sort of perk to these members who pay a first deposit in advance and I am considering what that might be.
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