Sign up for my free course, Online Business 101 to learn everything you need to know to finally get your idea off the ground: gillianperkins.com/free-training-small-business-101/
I’ve watched a handful of “starting a small business” videos lately. This one is the best for many reasons. You’re personable, you move from topic to topic well, and you cover the amount of information I needed in one place. Thank you, and excellent work!
Great video. I would add only one more thing. Be sure to draft & finalize your business’ Articles of Organization if you have an LLC or Articles of Incorporation if you’ve formed a corporation (S or C). Both types of articles are a legal structure that will provide you with benefits, including debt & liability protection. Some banks like Chase may ask for it before approving you for a business credit card.
Thank you Gillian. This was the video I was waiting for.... the order in which legal stuff needed to be done. You are awesome. Blessings to you and yours. 😊
Say you register your business, get an EIN, but life happens and you can’t work on your business by the time taxes roll around. If you made little to no profit, is it going to impact anything? (Like you’ll still owe additional personal income tax, state taxes or property tax? And will it negatively affect your credit score? Assuming you didn’t borrow any money for startup costs.)
From what I heard you don’t need to do taxes if you don’t go over a certain profit margin but it’s different state to state but you can always ask an accountant
What I know is federal government understands you don't make money right away, however states are more greedy and demanding. Keep good books, receipts. Keep a dated journal in case irs shows up.
As soon as you said “link down below to the check list I’ve already made down below” I clicked subscribe and liked the video 😂 Check lists are a MUST for my scattered brain lol
Hi Gillian, Twenty-five states in the USA now require everyone who sells anything to people who reside in each of those states to collect sales tax, and file a sales tax form for each of those states. The U.S. Supreme Court declared this legal in 2018. It’s an impossible task for small business owners. And it gets crazier. In many states various counties can each set a different sales tax rate than that of the state. Question: 1. How do you handle those sales tax issues in your business for each state when you sell to customers? Question: 2. In your courses, how are you advising your students to handle this issue when they sell to customers in various states. Thank you.
Online sales and collecting taxes from other state customers. Check out the laws on 'sales tax nexus for online sellers'. Several years ago collecting taxes from other states, other than where your business is located, it was stated that the business only collects taxes from the same state your business is run. Once your business is a 1 million dollar business, then the business collects taxes from every state. Some states, Indiana, was demanding online sellers collect taxes from everyone. Check "sales tax nexus for online sellers"
I concur with the last step especially with starting an online business. A lot people online say oh you don’t need one while they sell you coaching/courses from theirs 🤔
well one of the most effective ways to engage,and boost your sales is creating website and an app to brand your business and am an expert I can help you with this services
THANK YOU for making this video! While what I have learned has only made me more discouraged, at least now I know the important things I need to know. Clear and direct, nice and simply explained. Again, thank you.
Thank you so much for this very informative and well structured video. You gave a straightforward explanation of what legal steps need to be taken to start a business, and the proper order in which to complete them.
I liked your video, so pretty much if I do it under my name its legal? I do want to grow into an LLC so this is the first steps after i decide to name my company and pay taxes and fees?
Say I wanted to start a jewelry business nothing fancy just beautifully creative bead bracelets etc. would I still have to follow all of these steps….im 18 and have never done this before but I really want to work for myself
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Is a blog a business when you’re starting out? Or should I do these things later along the line, because I don’t know if my blog will have any traffic and if I’ll make money from it even if that’s my intention. So should I wait to do these legal steps
Great video! Id like to start a gun shop or a car import business both of which are heavily regulated to death by the government. With the way the world is going im thinking the gun business would be most profitable. Or i should just start a coffee shop like everyone else.
well one of the most effective ways to engage,and boost your sales is creating website and an app to brand your business and am an expert I can help you with it
If you're ready to learn exactly what you need to do to start your business, click here to learn more about Set Up Shop: gillianperkins.com/set-up-shop :)
Sign up for my free course, Online Business 101 to learn everything you need to know to finally get your idea off the ground: gillianperkins.com/free-training-small-business-101/
I’ve watched a handful of “starting a small business” videos lately. This one is the best for many reasons. You’re personable, you move from topic to topic well, and you cover the amount of information I needed in one place. Thank you, and excellent work!
9
Great video. I would add only one more thing. Be sure to draft & finalize your business’ Articles of Organization if you have an LLC or Articles of Incorporation if you’ve formed a corporation (S or C). Both types of articles are a legal structure that will provide you with benefits, including debt & liability protection. Some banks like Chase may ask for it before approving you for a business credit card.
Thank you Gillian. This was the video I was waiting for.... the order in which legal stuff needed to be done. You are awesome. Blessings to you and yours. 😊
Say you register your business, get an EIN, but life happens and you can’t work on your business by the time taxes roll around. If you made little to no profit, is it going to impact anything? (Like you’ll still owe additional personal income tax, state taxes or property tax? And will it negatively affect your credit score? Assuming you didn’t borrow any money for startup costs.)
What did you figure out for this?
From what I heard you don’t need to do taxes if you don’t go over a certain profit margin but it’s different state to state but you can always ask an accountant
What I know is federal government understands you don't make money right away, however states are more greedy and demanding.
Keep good books, receipts. Keep a dated journal in case irs shows up.
I'm happy to help anyone who has legal questions for their online business! :)
Thank you for the explanation and the checklist.
As soon as you said “link down below to the check list I’ve already made down below” I clicked subscribe and liked the video 😂
Check lists are a MUST for my scattered brain lol
Awesome tips! Learned a lot!
Good, dense, information. One of the best how-to-start guides I've found. Thanks.
I love your hair! Thank you, this is super helpful
The goal is to help many and am lucky to be among... Thanks Gillian
THANK YOU 🙏🏽. Pretty simple
You are so informative! To the point and I love that!
Hi Gillian,
Twenty-five states in the USA now require everyone who sells anything to people who reside in each of those states to collect sales tax, and file a sales tax form for each of those states. The U.S. Supreme Court declared this legal in 2018.
It’s an impossible task for small business owners.
And it gets crazier. In many states various counties can each set a different sales tax rate than that of the state.
Question: 1. How do you handle those sales tax issues in your business for each state when you sell to customers?
Question: 2. In your courses, how are you advising your students to handle this issue when they sell to customers in various states.
Thank you.
Couldn't you just add the sales tax rate on the purchases?
Online sales and collecting taxes from other state customers.
Check out the laws on 'sales tax nexus for online sellers'.
Several years ago collecting taxes from other states, other than where your business is located, it was stated that the business only collects taxes from the same state your business is run.
Once your business is a 1 million dollar business, then the business collects taxes from every state.
Some states, Indiana, was demanding online sellers collect taxes from everyone.
Check "sales tax nexus for online sellers"
Thank you so much Gillian. This information was so needed.
Truly thank you for this, much appreciated it made it easier for me.
Great video, and thanks for pointing out these important steps for opening up a business, thanks a million
This was an excellent video and probably the most comprehensive that I've seen. Thank you for the information!
I like the way you teach
Nice tips 👍👍👍👍
I concur with the last step especially with starting an online business. A lot people online say oh you don’t need one while they sell you coaching/courses from theirs 🤔
well one of the most effective ways to engage,and boost your sales is creating website and an app to brand your business and am an expert I can help you with this services
@@balex556 yea I went ahead and learnt how to build one on Wordpress for myself.
@@TiffanisOnlineCollection nice
Amazing breakdown! Thank you for your service, Ma'am!
The cleanliness will enlighten your bosses hearts and minds to help there family's be safe ❤️❤️❤️
THANK YOU for making this video! While what I have learned has only made me more discouraged, at least now I know the important things I need to know. Clear and direct, nice and simply explained. Again, thank you.
Good job on the video. Very well done.
Thank you! This video is very helpful! :)
I used swift filings
This was very helpful! Thank you
Cool video, God Bless you.
Great information. Thank you
This is well done and thorough!
THANK YOU FOR THE INFORMATION. I'M A FAN.
Thank you
I’m 17 minutes in and I just wanted you to know this video is very impactful thank you
Ps new subbie
Thanks for subbing! ❤️
Is it best to do this when you are just starting out? Or wait till you’re making a certain amount of money? I would like to start on Etsy
Thank you so much for this very informative and well structured video. You gave a straightforward explanation of what legal steps need to be taken to start a business, and the proper order in which to complete them.
Glad you enjoyed it! ❤️
😄😄😄😄😄😄thankyou this was helpful
I watched your videos for grow small business idea catch the points for me usefull guide to us
Good info tfs
Thanks 👋🙏🏻
good tips
Hiii Gillian🎉 can I have 2 businesses with 2 different names under one EIN #? Please❤
Just to let you know the add to calendar button doesn't work when registering for your workshop.
I wish I could still access the steps checklist mentioned in this video.
Does this video apply to Canadians as well or does it apply only to American businesses?
Every country
Thanks for the video! I Accidentally built an illegal business last time selling drugs! Not gonna happen again!
I liked your video, so pretty much if I do it under my name its legal? I do want to grow into an LLC so this is the first steps after i decide to name my company and pay taxes and fees?
I can help you grow your store if you want
Where is the list. I don’t see any link
I have a huge doubt; Why when you send to legalize your business you must after waiting 3-6 months?
Say I wanted to start a jewelry business nothing fancy just beautifully creative bead bracelets etc. would I still have to follow all of these steps….im 18 and have never done this before but I really want to work for myself
0:13 😂😂😂
4 Pieces Blender Accessories Fit for Original Nutribullet Replacement Parts 600 Watt 900 Series Pro Extractor Blade for Nutri Bullet Replacer Blade nb-101b with Rubber Gaskets
Please Gillian use no Music in your videos 😅
Is a blog a business when you’re starting out? Or should I do these things later along the line, because I don’t know if my blog will have any traffic and if I’ll make money from it even if that’s my intention. So should I wait to do these legal steps
hello, Iam a professional digital marketer and UA-cam manager
Gilly....🦋🙂👍
Great video! Id like to start a gun shop or a car import business both of which are heavily regulated to death by the government. With the way the world is going im thinking the gun business would be most profitable. Or i should just start a coffee shop like everyone else.
Appreciate it so much, literally just condensed weeks of work into one night
👌👌
What u need for a online business
well one of the most effective ways to engage,and boost your sales is creating website and an app to brand your business and am an expert I can help you with it
Zen business costs every year
If you're ready to learn exactly what you need to do to start your business, click here to learn more about Set Up Shop: gillianperkins.com/set-up-shop :)
Nice 👍
I’m planning on starting my own business