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Jasmine

๐Ÿ‘ค Speaker
1048 total appearances

Appearances Over Time

Podcast Appearances

Four the Moms
Starting Up Your START-UP! | August Twenty-Two Episode Two

Yeah.

Four the Moms
Starting Up Your START-UP! | August Twenty-Two Episode Two

Right.

Four the Moms
Starting Up Your START-UP! | August Twenty-Two Episode Two

We still had to be approved by like the parish.

Four the Moms
Starting Up Your START-UP! | August Twenty-Two Episode Two

That's what they did at the courthouse and things like that.

Four the Moms
Starting Up Your START-UP! | August Twenty-Two Episode Two

Like they still had to approve us to open a business to run it on our property.

Four the Moms
Starting Up Your START-UP! | August Twenty-Two Episode Two

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.

Four the Moms
Starting Up Your START-UP! | August Twenty-Two Episode Two

So that was definitely helpful, you know, being online only.

Four the Moms
Starting Up Your START-UP! | August Twenty-Two Episode Two

What is an EIN and why do you need it?

Four the Moms
Starting Up Your START-UP! | August Twenty-Two Episode Two

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.

Four the Moms
Starting Up Your START-UP! | August Twenty-Two Episode Two

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.

Four the Moms
Starting Up Your START-UP! | August Twenty-Two Episode Two

And you also need it to open up a business bank account.

Four the Moms
Starting Up Your START-UP! | August Twenty-Two Episode Two

Yes, you do need it.

Four the Moms
Starting Up Your START-UP! | August Twenty-Two Episode Two

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.

Four the Moms
Starting Up Your START-UP! | August Twenty-Two Episode Two

Yeah.

Four the Moms
Starting Up Your START-UP! | August Twenty-Two Episode Two

You know, mainly just to keep everything separate.

Four the Moms
Starting Up Your START-UP! | August Twenty-Two Episode Two

Yes.

Four the Moms
Starting Up Your START-UP! | August Twenty-Two Episode Two

So you want it, like, even if you're only in business for yourself, to keep it separate from your personal.

Four the Moms
Starting Up Your START-UP! | August Twenty-Two Episode Two

But more so, too, like, we're 50-50 partners.

Four the Moms
Starting Up Your START-UP! | August Twenty-Two Episode Two

That way everything is aside from our personal.

Four the Moms
Starting Up Your START-UP! | August Twenty-Two Episode Two

We both have access to it.