 Re: Requirements for starting a t-shirt business?
I posted this once before but it may give you a bigger picture of what's involved.
The first thing I did was apply to the IRS for a federal tax ID # (FEIN) which is free. then I incorporated with my state ($275.00) and with the FEIN# and state ID# I applied for a state resale tax certificate. Next I was off to my local gov. for a business permit ($75.00). Along the way, I applied for an RN# (free) because my shirts are privately labeled.
Filed a copyright of my designs as a collection ($35.00).
I've registed my domain names (prices vary) and opened a business checking account that came with a debit/credit card.
Start with the FEIN # because as far as the IRS is concerned, you're a business. You can incorporate (if that's your goal) at any time and in any state. The business of fashion starts in your head, but others can't see that. When you are proactive in launching your business, others will believe you're serious. Have many times have you heard someone say, "well I could do that." How many time have you met someone who did it?
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