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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

It's in both of our names.

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

And it's just better that way for legal reasons, your taxes, your expenses, and, you know, your money coming in, money going out.

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

But I can't say enough good things about Fidelity Bank.

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

They were the first bank that reached out to us.

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

So like once we filed our LLC, we started getting like letters in the mail from banks like wanting us to open a business banking account.

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

And Fidelity.

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

um fidelity really stood out they have a very good um women-owned business program um it's called the power account we get like free checks they have like so many perks but they've been great fidelity fidelity has been amazing i can't say enough good things about them um

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

What did we have to do at the courthouse whenever we went to get โ€“ so whenever you open a business, you obviously have to do your LLC.

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

And you get that approved.

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

Once that's approved, then you have to get your, and I know we briefly spoke of this a second ago, but you have to go to your local school board.

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

The school board approves it.

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

And then you go to the courthouse and I think it's like the little tax place inside of the courthouse.

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

And they are the ones that actually approve your business being open and approve like your taxes and you get your,

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

So why do we need a resale license?

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

It allows you to buy wholesale items tax-free.

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 whenever you have your resale license, you get your items tax-free, and then obviously you get a wholesale price, which is cheaper, and then you can sell it for the recommended MSRP.

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

Okay.

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

And vendors will not sell you anything without it.

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

Yeah.