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Off The Water
Watering Hole
Money-makin' tin...and I ain’t talkin’ cans...
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<blockquote data-quote="Hanr3" data-source="post: 216663" data-attributes="member: 1055"><p>OK, now that we gotten through round one, and you seem to have a clue. No offense, just some people go off have baked. </p><p></p><p>You will need a business plan, especially if you want financial help. Your lawyer and insurance carrier may need to see it as well. </p><p>Not familiar with AZ. small business laws, however you may need to register your business with your state, and you will need a Federal Employer Identification number FEIN. SCORE can help you with both. I HIGHLY recommend you register your business as a S-Corp, and create a seperate bank account. By keeping the business finances seperate from teh family account, and being a Chapter S-Corp you severely limit your personal liability. IF the company does get sued, your personal finances will be protected. If you use your personal bank account, you break teh veil of the Corporation and open your personal financial up to the suit.</p><p></p><p></p><p>Have you decided on a name?</p><p>I used ?Ho</p></blockquote><p></p>
[QUOTE="Hanr3, post: 216663, member: 1055"] OK, now that we gotten through round one, and you seem to have a clue. No offense, just some people go off have baked. You will need a business plan, especially if you want financial help. Your lawyer and insurance carrier may need to see it as well. Not familiar with AZ. small business laws, however you may need to register your business with your state, and you will need a Federal Employer Identification number FEIN. SCORE can help you with both. I HIGHLY recommend you register your business as a S-Corp, and create a seperate bank account. By keeping the business finances seperate from teh family account, and being a Chapter S-Corp you severely limit your personal liability. IF the company does get sued, your personal finances will be protected. If you use your personal bank account, you break teh veil of the Corporation and open your personal financial up to the suit. Have you decided on a name? I used ?Ho [/QUOTE]
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Off The Water
Watering Hole
Money-makin' tin...and I ain’t talkin’ cans...
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