bebe318 Posted February 2, 2012 Share Posted February 2, 2012 I think I know the answer but would like to verify. First I establish my S-corp or LLC. Then I can look for Insurance. I am starting out very small and slow, just candles in 2 local shops, and was wondering if I could get my insurance before I go to attorney to become a s-corp or LLC. My homeowners will not cover, already checked. That is probably doing things backwards huh? Quote Link to comment Share on other sites More sharing options...
Stella1952 Posted February 2, 2012 Share Posted February 2, 2012 (edited) If you have candles in 2 shops, you should already have liability insurance regardless. It doesn't take long to establish an S corp or LLC - in many states, the paperwork is available online. You will also need an EIN from IRS and any local licenses, state tax number, etc. The business paperwork should precede selling. Edited February 2, 2012 by Stella1952 Quote Link to comment Share on other sites More sharing options...
bwc Posted February 2, 2012 Share Posted February 2, 2012 I set up my cousin's LLC in Oklahoma over the internet for about $100 or $120 (can't remember). Took about 30 minutes after I went over all the information with her. Quote Link to comment Share on other sites More sharing options...
bebe318 Posted February 2, 2012 Author Share Posted February 2, 2012 I am not selling yet. The store owners have sampled product (they have been my testers). Thanks! Quote Link to comment Share on other sites More sharing options...
annie123 Posted February 2, 2012 Share Posted February 2, 2012 Stella is right. To become an LLC or a Corp. you need to go to your State's Website - You do not need a lawyer and you do not need to go to LegalZoom because you only pay more than you really have to. Then you get the Liability insurance in your business name.You also need to get a sale tax ID number - State's Department of RevenueYou may have to register your ficticious name with your County - County CourtYou may also have to file for a home based business license - County Quote Link to comment Share on other sites More sharing options...
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