Topic 4: Start Menu - Tax ID and Business Licenses

Ok, have you incorporated yet? 
Great!  Now it's time to talk about Tax ID's and Business Licenses.  
  
TODAY’S TOPIC:  
  Tax Id and Business Licenses

What is an EIN and why would you need it?

An EIN is a Employer Identification Number. If you are hiring employees you will need it or if you run your business as a corporation or a partnership.

I chose to incorporate as an LLC and to run my company as a corporation. When I went to open my company bank account, the bank asked me for this number, my incorporation documents, my business license and for a “Certificate of Good Standing”. Also, I do not plan on hiring any employees myself, but when I have picked up contract work and I have had to fill out an I-9 form I have used this number.

What Business Licenses will you need?

After Incorporating, you will also want to get a State Business License for the place you will be doing business. In addition, you may need to get a business license for your county, city, or for your specific expertise.

I know it can be confusing, but just start with the Federal ID number and work your way down – State, County, City and then expertise.

Got it?

After you have your licenses, you will want to go back to your dashboard at Incorp, scan and upload copies of them. That way, you have a copy of all of your corporate docs safe in one place.  If you choose not to use Incorp, I suggest creating a business folder on your computer where you scan and keep a copy of all your corporate documents.  You will want both a hard copy and an electric copy saved in a file. 

For more information, you can always go to the link on the $MARTBAR in the Start tab for the government business page.

 
That's it for today!  Again, it's time to get your licenses at:   
www.tinyurl.com/sbo-tax-lic

Here’s to your success – Because your success is my success!
Trina R Sellers

Topic 3: Start Menu - Incorporating

Ok, do you have your business plan ready?  
Well then, lets talk about incorporating.  
 
TODAY’S TOPIC:  
  Incorporate

Get your own Corporation here:   
www.tinyurl.com/sbo-incorp

There are many reasons to incorporate. 

• Lawsuit and liability asset protection
• Taxes and tax breaks
• Management structure
• Operational requirements

There are several different ways that you can create your business structure.  

• Sole Proprietor:  Sole control of company, unlimited liability, personal taxes
• General Partnership:  Equal management, unlimited liability, personal taxes
• Limited Liability Company (LLC):  Member management, liability protection, personal taxes unless structured differently.
• Corporation (CO):  Director management, shareholders, liability protection, corporate taxes.
• Limited Partnership (LP):  Director management, at least one partner has liability, Corporate taxes.  
• Limited Liability Partnership (LLP): Partners manage, liability protection, Corporate taxes.

You can get more detailed information here:  www.tinyurl.com/sbo-incorp

Here is what I did.  I want to keep my costs down. 

1)  Study incorporation notes at Incorp.
2) Went directly to the Secretary of State website 
      * I use Nevada:  
         http://nvsos.gov/index.aspx?page=152
      *  I incorporated at the government website.
      *  I ordered a "Corporation in good standing" certificate at the government website.
3) I Went back to Incorp.
4) I Ordered a Registered Agent
      * You NEED a registered agent to accept legal documents for you.  You can be your own registered agent, but then you would have to be at your office during all business hours in case you are served.  Why get tied down?

That's it for today!  
Again, go incorporate yourself at:   
http://www.tinyurl.com/sbo-incorp

Here’s to your success – 
Because your success is my success!
Trina R Sellers

Topic 2: Start Menu – Growthink’s Biz Plan Template

Did you like the video for the 8 figure formula? It makes you think, huh? It inspired me to consider my own mind-mapping ideas around my business. Today we will continue to talk about planning.  
TODAY’S TOPIC:   
Plan First – Business Plan Template 

GO to the FREE VIDEO:   
Business-Plan-Template-Video

Learn how to create your business plan in 8 hours instead of the average 100 hours. 
You will learn the following from the above video:

• 3 reasons why most people don’t finish their business plans.
• What to include and what not to include in your game plan.
• There are 10 critical questions you need to answer with your plan.
• 4 of these questions will include:
• The very first thing you will need investors to read.
• 4 critical points you will need in your financial model.
• What risk mitigating milestones are and why you need them.
• One key point 90% of business plans fail to include.
• Other topics touched on include:
• What the plan includes
• Productivity
• Insider capital raising secrets

Once again, If you fail to plan – you plan to fail. 


GO to the FREE VIDEO:    
Business-Plan-Template-Video
  
The key point here is to take action. Don’t procrastinate. Just get started. You CAN do it!  

Just keep on keeping on! Push pennies a little bit every day and you will succeed.  

Here’s to your success – Because your success is my success!  
Trina R Sellers

 

Topic 1: Start Menu - Growthink's 8 Figure Formula

I hope you had time to get familiar with your $MARTBAR toolbar already.

TODAY'S TOPIC:  Plan First - 8 Figure Formula

GO to the FREE VIDEO now:
     The-8-Figure-Formula-Video 

Learn how to grow your business to $10 Million by following this tried-and-true blueprint. 
You will learn the following from the 8-Figure-Formula-video:

• Most entrepreneurs fail to achieve financial success.
• The video will explain the flawed strategy that average entrepreneurs use.
• You will learn what the "End Game" is that successful entrepreneurs use to plan their business.

• Topics will include:
• Types of Goals you need to set
• What builds real value for your business
• What you need to measure your performance
• What successful entrepreneurs ensure their strategy revolves around
• What the key tool is to ensure employees complete tasks
• What you need to step by step grow your business

Once again, If you fail to plan - you plan to fail. Get started the right way first. 

GO to the FREE VIDEO now:   
 The-8-Figure-Formula-Video

Just keep on keeping on! Push pennies a little bit every day and you will succeed.  

Here's to your success!  
Trina

The $MARTBAR is your road map to successfully starting your own business. 

 

www.Smallbizoptions.info 

Starting with the $MARTBAR

It is important to me that you succeed. Your success is my success.   


Your $MARTBAR will keep in existence the links and tools you need to create your own business. The SmallBizOptions.com blog has a brief explanation about the links within the bar. Each tab in the blog corresponds with a menu link on the $MARTBAR.  

The $MARTBAR Biz Tips newsletter will keep you posted on any changes to your $MARTBAR and give further explanations and business tips about the tools you have just signed up for. 

The SmallBizOptions.net blog is an extension of the Biz Tips newsletter.
I will keep you posted here on the details within the $MARTBAR.

Thanks! Trina

The $MARTBAR is your road map to successfully starting your own business.

www.Smallbizoptions.info

Introducing the $MARTBAR - Your Road Map to Success!

Youtube Video - Introduction to the $MARTBAR

Do you need to make more money?

• Are you ready to start your own business, but you need all the tools to do it? 
• Are you looking for solutions for your small business, Affiliate or Multi-Level Marketing campaign? 
• Have you struggled to make ends meet or to free up your time?

THE $MARTBAR MAKES STARTING A BUSINESS EASY!

I can share with you my strategies, tools and game plan for success. I have researched, organized and linked the entire plan onto one handy $MARTBAR (toolbar). 
You can download it and use it for FREE - all the planning has been done! How easy is that? 

Get Your $martbar at www.SmallBizOptions.info

Do you have a plan? I love the saying:  
If you fail to plan, you plan to fail.

What is yours? Think about it, get out a pad and paper and write it down now:

* Who are you?

* What is your story? Your successes? Your failures?

* What are your goals & needs?

* What training will you seek?

* What is your financial security plan?

* Who are your mentors?

* What products do you use? What products do you believe in?

* What kind of business do you want? Brick & Mortar? Internet only? Automated? Residual?

My strategy for success includes using my $MARTBAR daily to step by step:

1. Start up in business using a well thought plan. 
2. Marketing tools, using Internet marketing strategies. 
3. Sales avenues, using Affiliate marketing to supplement income. 
4. Funding with secure and easy payment systems. 
5. Learning from other Internet gurus and do what the experts do
6. Tools that will empower businesses to succeed.
7. Benefits that will be useful both in business, on the road and at home.
8. Favorites and Motivational connections that will keep one focused on the finish line.

Now you know my strategy. Have you written out yours? You can make it easy on yourself too - using the systematic $MARTBAR to create your own dream.

DOWNLOAD THE $MARTBAR NOW TO START MAKING MORE MONEY TODAY!

Please visit as often as you need. Here's to your success - I look forward to doing business with you!

Warmest,

Trina R Sellers 

The $MARTBAR is your road map to successfully starting your own business.

www.Smallbizoptions.info