Month: November 2020

Bosses Who Brunch

Me and YouTuber @adoseofkryssy. Go like, comment and subscribe to her channel.

Last Sunday, I had the pleasure of attending a wonderful networking event called Bosses Who Brunch. I was able to catch part 2 Plot.Plan. Execute. of this 3 part series. At the event I got to meet some really cool women who are entrepreneurs like myself trying to turn their dreams into reality. I bought my ticket for $25 last minute (2 days before the event) and I’m so glad I just spontaneously made the move to act on it because the energy at the Bosses Who Brunch event hosted by Mariah Darsha was a breath of fresh of air. I was definitely inspired to keep pushing and stick with my online business even amid Covid.

Such a freakin vibe!

The ambiance of Bosses Who Brunch was set by Skova. They created a ultra hip picnic vibe with their beautiful travel blankets and tapestry. Our delicious lunch was catered by The Fast Food Company owned by a black female chef named Chef K and drinks were provided by Suja and Babe Kamboucha. We snacked on delicious treats from The Butter Cream Parlor as we shared real life experiences and how to move forward in our business in case social media ever shuts down. I learned how crucial it is to have a subscription email and use other platforms to market on as well have a support group to be able to share ideas, share knowledge and even share your struggles.

My yummy salad from The Fast Food Company.

As entrepreneurs no one understands our daily struggles like other entrepreneurs and to have a space where we can come together and collaborate with no hate is awesome. Queens uplifting queens is what I stand for so these type of events are right up my alley. To have the opportunity to make my business more visible while also putting myself out there for more business opportunities is something that I’m focused on this upcoming year. I’m praying for abundance in this next season.

My goal is for my brand to have more omnipresence. Omnipresence basically means to be well known. I want my brand Moody Babe Lashes to be everywhere. I am manifesting it to be the first brand that pops up in your head when you think lashes. In order to have omnipresence and grow my business I’ve committed to doing more networking events and pop up events so that people know I exist.

It’s one thing to have an idea and another thing to make it come to life. My vision is to see my company become popular and prosperous. In order for that to happen I’m in the trenches doing the leg work. Planting the seeds for my future success. This grind is personal and it’s all hustle and no luck. No loans! No handouts! Just focused on my family and success. I’m manifesting that in 3-5 years Moody Babe Lashes will have a write up in Vogue, will have 1 million followers, and be in some of your favorite major stores.

These worksheets were very helpful in helping me focus in on what I want and where I see my business going. This had me exploring where I am and where I am going.

The one thing I took from this brunch is that women can collectively come together and root for each other whether we’re in the same business or not. We can share information and get inspired to do the exact same thing but because we’re all different all our sauces will taste different but different is what makes us each unique. Different is a good thing because it sets us apart.

I love creating these types of events as well as attending them. If you are currently in business you know that networking is essential. After all, linking up with likeminded people is always a good idea. For those interested the next one, part 3 The Over Coming is Oct. 11, 2020 hurry up before they sell out because spaces are limited. Get rid of any self imposed barriers you have and start networking strategically. This will help you business grow and create avenues for new business opportunities.

How To File Your LLC In California By Yourself

So you’ve found your niche and your ready to take your brand or service to the next level. Your ready to start a legitimate business. You’ve done your research and LLC is the way you want to go to protect your business. A limited liability company makes your business a company. It also limits an owner’s personal liability for business debts and lawsuits and offers flexibility when it comes to ownership, management and taxation of the business.

Before filing my LLC in California I had to decide if I wanted my business to be public or private because in California your business is public record, meaning anyone can find out who owns your business. Since I’m very proud of my business that wasn’t a big issue for me but if your looking to be anonymous stay away from a LLC in California.

How Do I Form an LLC in California?

You have two options use legal zoom a one stop shop or if your brave enough file yourself. Legal zoom takes the guess work out of everything while filing yourself is easy and doable if your know the steps and are prepared to pay the minimum $800 LLC tax. $800 sounds like a lot but you don’t have to pay it right away when filling your LLC. You have until the 15th day of the 4th month after the day you file with the Secretary of State to pay so that means once you finish your LLC it’s go time. Time to get your hustle on to make that money back.

If money is an issue and your just getting off the ground with your business the good news for all my future entrepreneurs is that Gov. Gavin Newsome just passed a bill that states anyone who files an LLC from 2021-2023 the $800 fee is be waived. So I recommend just waiting a few months and further developing your business plan until 2021. This time right now couldn’t be more perfect to level up. I wish I had the opportunity to have my first years fees waived so take advantage of this opportunity because I hear California is the most expensive state to start a business in.

First Step: Name your LLC

Figure our what name you want to operate your business under. You use Business Search to check that your name isn’t already in use. Then, check google to make sure the url is available. You may not be ready for a website just yet but if you feel like eventually that you’ll require one secure your domain name at the same time while filing your LLC so that way it’s yours for future use. Most people don’t know this even I was green to this but people buy up random domain names in hopes they can up charge anyone who is looking to buy it. They literally just sit on it and don’t use it. They just want to make a profit of your need or want for that specific domain name.

Second Step: Choose a Registered Agent

You or any one you know can be your Registered Agent or you can hire a company to act as one. All a registered agent does is make sure that you receive all your legal documents in case a lawsuit is ever brought against you. This is why it should be someone you trust will give you your important documents in a timely manner. I used my mom for mine and my husband has me as his for his business.

Third Step: Register your LLC with the Secretary of State.

You will need to pay two filing fees to form an LLC in California. A $70 fee to file Articles of Organization with The California Secretary of State’s office. It typically takes 3-5 business days for the state to approve your California LLC.

Fourth Step:

Pay the second fee of $20 to file a statement of information, Form LLC-12. You have to file this within 90 days of forming your LLC.

Fifth Step: Create an Operating Agreement.

There are a bunch of free operating agreement templates online. An operating agreement basically outlines your business and how it will operate. Once you’ve made one follow the agreement.

Sixth Step: Apply for your EIN.

An EIN is a Employer Identification Number also known as a Tax Id used by the IRS to identify businesses and individuals for tax purposes. You can request this for FREE from the IRS. You need an EIN to open up a business bank account, for federal and state tax purposes and to hire employees.

Seventh Step: Open up a bank account for your business.

A business bank account will separate your personal assets from your company’s and make filing your taxes easier.

Eighth Step: Register with the Franchise Tax Board.

Starting a business has many challenges hopefully from ready this post starting a LLC is no longer one of them. The whole process can be intimidating but once you’ve got your LLC you are officially a women owned business. Now you need to start acting like one and signing all important documents on behalf of your LLC.

As a reminder make sure that you stay on top of your taxes because they will charge you a penalty for non payment and late payment. You could even lose your company, it’s name and identity to someone else when it gets suspended by the Franchise Tax Board. The fees associated with the LLC are ongoing and need to be paid every 1 or two years to keep your LLC compliant and in good standing. You’ve worked to hard to build your company you must be protected! Make getting your LLC a priority.

Upgrade your thinking and manifest how large your company will be and how these startup cost will will be peanuts compared to the amount of money you’re about to touch. Stay positive, stay focused and stay consistent your business will flourish. You just need to believe in yourself. The difference between the unsuccessful and the successful is successful people take chances and try even if that means they fail. Don’t be afraid of failure. Eventually you’ll find your rhythm and when you do it’s nothing but up from there.

Sis, stop sleeping on yourself!

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