Jasmine
๐ค SpeakerAppearances Over Time
Podcast Appearances
Yeah.
Right.
We still had to be approved by like the parish.
That's what they did at the courthouse and things like that.
Like they still had to approve us to open a business to run it on our property.
But like Val said, it would have been, I feel like a few more steps and hurdles if we were having an actual storefront versus being online only.
So that was definitely helpful, you know, being online only.
What is an EIN and why do you need it?
So you get an EIN whenever you file for your LLC, but your EIN is basically like your social security number to your LLC, and you'll use that for just about everything.
And so if you are opening like a boutique, you need a resale license, and you have to submit that to wholesalers to be able to buy wholesale and to get it tax-free.
And you also need it to open up a business bank account.
Yes, you do need it.
So obviously whenever you open a business, you need a business banking account and you have to provide them with all of your paperwork that you get from the state and your EIN number.
Yeah.
You know, mainly just to keep everything separate.
Yes.
So you want it, like, even if you're only in business for yourself, to keep it separate from your personal.
But more so, too, like, we're 50-50 partners.
That way everything is aside from our personal.
We both have access to it.