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Yes, this is all perfectly legal. You might want to consider setting up an entity, such as an S corporation or a limited liability company (LLC) for your business. This will protect your personal assets from business issues (and vice versa) and may give you some tax advantages. Please let me know if you want any additional information regarding this matter. Thanks!
what legal issues is there in starting a security guard company?
With a security guard company, there are more licenses and permits that you have to get. Also, there are training issues and, if your guards will be armed, there are gun training and licensing issues. You will also need proper insurance coverages in order to get contracts to provide services.