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This section of the forum is for discussing the business and finance issues of the t-shirt industry. Which business structure to use (sole proprietor, LLC, S Corp, etc), how to handle billing, where to register your business and get the proper licensing, etc.

Start Up Checklist



 
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Old August 30th, 2008 Aug 30, 2008 12:55:56 PM -   #1 (permalink)
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Default Start Up Checklist

I'm in the process of starting up a small clothing business in California and wanted to clarify the things I need to do to set everything up legitimately.

I am...
-apply for a CA Seller's Permit
-filing a fictitious business name statement
-city business license application.

These are the things I am confused about. I will not have any employees, so will I need to still file for a FEIN? Also, how do I file for a State Tax ID number?

What will I need to create a business checking account? And is there anything I have overlooked?

Any feedback would be greatly appreciated.
 
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Old August 30th, 2008 Aug 30, 2008 2:11:37 PM -   #2 (permalink)
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Default Re: Start Up Checklist

Quote:
Originally Posted by eeln0saj
I'm in the process of starting up a small clothing business in California and wanted to clarify the things I need to do to set everything up legitimately.

I am...
-apply for a CA Seller's Permit
-filing a fictitious business name statement
-city business license application.

These are the things I am confused about. I will not have any employees, so will I need to still file for a FEIN? Also, how do I file for a State Tax ID number?

What will I need to create a business checking account? And is there anything I have overlooked?

Any feedback would be greatly appreciated.
Yes you are on the right track. You will need to do all of that.

Based on my research, you do not have to file for a FEIN if you have no employees.

As for the State Tax ID number, you get it when you apply for the CA Seller's Permit.

And for the the business checking account you will need your fictitious business name and your business license.

Hope that helps
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Old September 7th, 2008 Sep 7, 2008 9:40:40 PM -   #3 (permalink)
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Default Re: Start Up Checklist

just go to google and type in business license or uptaining licenses for start up business. you will have many websites that can direct you to where you need to go......infact you might not even have to leave your computer to get them. there are many companies that offer that service of uptaining them for you all throught their website.good luck
 
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Old September 7th, 2008 Sep 7, 2008 9:45:49 PM -   #4 (permalink)
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Default Re: Start Up Checklist

Chris is right with everything he said. You do have everything on your list that you will need. Since you have no employees, you just file as a sole proprietor and the FEIN is not neccessary.
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Old September 7th, 2008 Sep 7, 2008 11:32:36 PM -   #5 (permalink)
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Default Re: Start Up Checklist

Aloha! Sounds like you're on your way.

I would also suggest you talk to your tax preparer regarding which status you decide to run your business under (individual, sole proprietor, LLC, corporation) and what your can and cannot actually expense.

If you can, see what categories (expense, income, etc.) and reports they would want at the end of the year.

Bookkeeping is important!
 
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Old September 8th, 2008 Sep 8, 2008 12:03:11 AM -   #6 (permalink)
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Default Re: Start Up Checklist

Always used to think I'd like to live somewhere like California, but not so sure now.

To start a business in Europe is a lot more straightforward. Offer product or service, sell. Unless you have commercial premises, you don't need any licenses, permits, zilch.
 
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