| SkullandBonesSkateboards.com Forum Index » BUSINESS, SHOPS & RETAILERS » Legalize it!!!! |
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| ThrashCan |
 Posted: Wed Dec 22, 2004 4:11 am |
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Joined: 16 Mar 2004
Posts: 1331
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So Oasis and myself were talking and would like to gather some info about how to legitamize our businesses. What are the steps to becoming a registered company that can sell products to shops legally.
I dont manufacture my own boards, If that would make any difference in tax stuff. I know nothing about taxes and accounting so please be gentle on me.
(Oasis feel free to add some of your own questions and such.) |
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| The Green Monkey |
| Posted: Wed Dec 22, 2004 4:13 am |
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ORDER OF THE SKULL
Joined: 15 Jun 2002
Posts: 14107
Location: Fucking a giant scorpion, duh.
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| You may need to talk to a lawyer, which won't break the bank, but it won't be cheap... |
_________________
Just dropped in to see what condition my condition was in. |
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| ThrashCan |
| Posted: Wed Dec 22, 2004 4:21 am |
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Joined: 16 Mar 2004
Posts: 1331
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| Thanks for your reply. I figured I would hafta talk to one of those things. |
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| Queue |
| Posted: Wed Dec 22, 2004 8:03 am |
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Joined: 28 Nov 2003
Posts: 784
Location: MD, USA
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You'd probably need to form an "LLC" (which is much cheaper than forming a corporation, "inc"). You'll probably also need some sort of tax license in order to collect (or be exempt from) sales taxes.
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| notaint |
| Posted: Wed Dec 22, 2004 9:13 am |
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Joined: 29 Apr 2004
Posts: 295
Location: jackson ms
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I started mine as a sole proprietor. You can just call up the gov and get your ein. Its free. It may vary state to state but I just paid $50 to LLC. My wife works at a law office so one of her lawyers wrote it all up. I'll scan it and ocr th docs if you want em.
As far as sales tax and that crap goes. You have to go to your state tax commission office and get yelled at for a while and sign your name to a few things. It may cost you up to $300 for your state tax id if you do not have a store front. |
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| oasis |
| Posted: Wed Dec 22, 2004 7:24 pm |
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Joined: 28 Jun 2003
Posts: 364
Location: Hilo,Hawaii
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| I think my excise licence cost about $15. |
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