Either go through a bank and purchase your equipment, or use a leasing company.
Leasing companies offer good tax benefits, plus you wind up owning all the equipment at the end of the lease — IF YOU KNOW HOW TO ENTER INTO THE LEASE WHEN YOU GET THE EQUIPMENT, IF NOT: YOU’RE SCREWED.
ALSO, YOU CAN RENT EVERYTHING you need like forklifts, scaffolding, planks, mixers and so forth. Advantage: all tax deductible, and if something breaks down, they bring you another. Be sure when you rent that they service their equipment and insure it, otherwise: YOU’RE SCREWED.
Laying the Groundwork for Success
- Get set up with all the licenses that you need to do what your doing.
- Get the right incorporation set up before you begin.
- Find a good lawyer, and accountant.
- Know how to hire good people.
If you miss any one of the above: YOU’RE SCREWED.