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Starting Sole Proprietor in Ohio - Looking For Reviewing Eyes



 
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Old March 24th, 2008 Mar 24, 2008 1:00:43 PM -   #1 (permalink)
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Question Starting Sole Proprietor in Ohio - Looking For Reviewing Eyes

Hi all,

Over the past week I have been reading (and re-reading) a lot of posts on this board while I get myself ready to start my small t-shirt operation.

I am looking for reviewing eyes to let me know if any of my assumptions below are incorrect / invalid and let me know if you think I am missing out a form needed to be properly registered.

Initially my t-shirt operation will be on a very small scale. I have several designs ready and will soon have my inventory ready too. I will be selling 100% of my t-shirts online through my website (Zen-Cart based, using their integrated PayPal for payments).

I will be setting up as a Sole Proprietorship, I will be the only employee and I am located in the state of Ohio.


So far I think I need to fill out the following forms;

Name Registration (form 534) for the Ohio Secretary of State ($50)

Anything necessary at my city/county level (will be checking in person as their website is still very 90s )

Am I correct that I do not need an EIN as a SP, I just use my own SSN?

The correct Vendor license seems to be the Delivery Vendor's License (ST-1D) ($25 to Treasurer of the State)

Insurance - What kind of, and what general ballpark dollar figure, is others insurance?
(100% of my sales will be internet, with no expected fairs or similar in first year of operation)


So, in short (might be too late! )

I think I need a Name Registration, Delivery Vendor's License, anything for city/county I find in person and insurance.

There are obviously many other facets to starting my business, but are these the main legal ones to make sure I am compliant?

Any OH based folks input it greatly appreciated, or any non-OH folks general input (and I fully understand anything in any reply is not advice, merely comments and that I should do my own full follow up investigating on)

Thanks in advance!

--Ben--
 
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Old March 24th, 2008 Mar 24, 2008 1:41:35 PM -   #2 (permalink)
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Default Re: Starting Sole Proprietor in Ohio - Looking For Reviewing Eyes

Quote:
Originally Posted by shirt10
Hi all,

Over the past week I have been reading (and re-reading) a lot of posts on this board while I get myself ready to start my small t-shirt operation.

I am looking for reviewing eyes to let me know if any of my assumptions below are incorrect / invalid and let me know if you think I am missing out a form needed to be properly registered.

Initially my t-shirt operation will be on a very small scale. I have several designs ready and will soon have my inventory ready too. I will be selling 100% of my t-shirts online through my website (Zen-Cart based, using their integrated PayPal for payments).

I will be setting up as a Sole Proprietorship, I will be the only employee and I am located in the state of Ohio.


So far I think I need to fill out the following forms;

Name Registration (form 534) for the Ohio Secretary of State ($50)



--Ben--
Don't quote me as I'm in the initial process myself. I wonder if the "name registration" is the same as getting a DBA from the county.

In Texas it's only $16.
 
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Old March 25th, 2008 Mar 25, 2008 4:17:41 PM -   #3 (permalink)
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Default Re: Starting Sole Proprietor in Ohio - Looking For Reviewing Eyes

Ben,

Answering below..as best I can.

[quote=shirt10;259343]Hi all,

Over the past week I have been reading (and re-reading) a lot of posts on this board while I get myself ready to start my small t-shirt operation.

I am looking for reviewing eyes to let me know if any of my assumptions below are incorrect / invalid and let me know if you think I am missing out a form needed to be properly registered.

Initially my t-shirt operation will be on a very small scale. I have several designs ready and will soon have my inventory ready too. I will be selling 100% of my t-shirts online through my website (Zen-Cart based, using their integrated PayPal for payments).

I will be setting up as a Sole Proprietorship, I will be the only employee and I am located in the state of Ohio.


So far I think I need to fill out the following forms;

Name Registration (form 534) for the Ohio Secretary of State ($50) I was told I didn't need this if I applied for an Ohio LLC. If you don't have the LLC then get the name registration.

Anything necessary at my city/county level (will be checking in person as their website is still very 90s ) What city are you in? I've found well informed people answering telephone lines for state and city. You can call, get the info, and for most things apply online. Note: Ohio not always clear where to go to get the applications on website for Vendor license.

Am I correct that I do not need an EIN as a SP, I just use my own SSN? Correct...but you can get one if you don't want to send out your SSN. Some vendors request it. Get this first if you get it.

The correct Vendor license seems to be the Delivery Vendor's License (ST-1D) ($25 to Treasurer of the State) YEP! But if you ever sell at fairs, etc. you need the another one also.

Insurance - What kind of, and what general ballpark dollar figure, is others insurance?
(100% of my sales will be internet, with no expected fairs or similar in first year of operation) Type it in the search here and see what comes up. Also lots of books at the library with that info. You need to insure equipment, suppplies, tees. And any liability ??? in case someone injures themself on a tee shirt ??? Call a couple in insurance agents and see what they say. Prices will also depend on where you are.


So, in short (might be too late! )

I think I need a Name Registration, Delivery Vendor's License, anything for city/county I find in person and insurance. If doing this in your home, call and ask what the regulations are for home businesses. Most don't care as long as there are a lot of cars or people coming there or any put signs up.

Good luck,

Ernie...Dayton
 
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