Tag: dream big

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!

Go Ahead Start That Business, Sis!

Yeah, the CoronaVirus is rocking the world but don’t let anything outside of you stop you from starting your business even if you only have $100. Don’t over think it to much. Just do it. Do your research. Make sure your not getting scammed. Make sure your vendors are reliable. Do what you can with what you have. Go ahead and start that business,sis.

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Scared money don’t make no money!

Figure out what your passionate about. Not just what you think will sell but something you like doing. I personally watched a bunch of Youtube videos from girls who had started a lash line and were giving do’s and don’t tips, talking about things they wish they knew before starting, essentials of what to buy and topics that I felt I wanted to know before I decided moving forward and getting samples of lashes.

You can start a business with little money or no money. Even if you don’t have the money now get quotes so you know how much you need to get and then start putting your plan in motion by giving yourself a timeline of dates you want certain things accomplished by. For instance, on such and such date have vendor picked. Start putting clothes on offer up to sale to make money. Maybe even tighten up your budget so you can save more, Uber, Postmates, babysit, or recycle. Just do what you got to do to get them coins up so you can stack it up and get your business started.

“God wouldn’t have put the dream in your heart if he hadn’t given you the tools to fulfill it”

If you have money and are scared listen, let me tell you, just sitting on money and not investing it it’s not doing anything for you. You might as well spend it on starting that business you always dreamt of. All you have to do is get over your fear and make that one bold move that will change your life forever. Spend that money and double up, sis. You won’t regret it. Now that you decided in your head it’s time to get your girl boss on. It’s time to get to business.

Tip: Get you a pen and a notebook for all your ideas. Write down everything! Start making a checklist of things you need to do before your launch date.

How to find a vendor.

There’s so many vendors out there. Use google search engine. That’s what it’s for. I was up all night looking for vendors. There are lots of vendors to choose on Alibaba. I found mine there. I won’t give you my vendor list because I don’t believe in giving out handouts but I will always give you the websites that I use. Look up what whatever your looking for on Alibaba. There are lots of vendors to pick from. If you complaining about having to many options then maybe starting a business is not for you. Table the idea until you are really ready. If you ready today decide based on your budget. Your budget realistically is what you can afford.

Tip: In the beginning you really don’t need nothing to expensive. After you’ve made your money back each go around then you can upgrade as you go. Other than that do go crazy getting the most expensive storage organizers and notebooks. Dollar tree items are fine. No ones going to see them but you anyways.

Most vendors have a minimum order. When you buy in bulk shipping in handling international cost a lot so be prepared to pay even more than what you would if your just buying samples. I only do payments through Alibaba.com or Paypal just to be on the safe side. Before ordering ask how long does shipping take. Once you’ve place your order check in every so often for updates but don’t be a bugaboo.

Handle your business before your business handles you.

You don’t have to get an LLC right away. Trademarking and registering your business is expensive make sure you are satisfied with your business name, your logo and whatever business you have for a while first to make sure you still even want to stay in business. Some people stop and start a few businesses before they find their niche and that’s ok. If you want to be an entrepreneur you’ll experience some losses but all I’m going to say is don’t let that stop your entrepreneurial journey.

If your on fire and are producing lots of hot content I suggest you do get a LLC right away. I’m a newcomer but I try to be knowledgeable and I’ve hear to many stories of people jacking your whole name, color scheme or idea. People can be ruthless. So if this is something your worried about trademark your business first before your business takes off.

You know I believe in manifestation and since we trying to be a fortunate 500 company we gone handle our business and operate like one. Just do your research so that you get the right documents filed to protect your business.

Tip: If you have money hire a lawyer instead of doing it yourself. Either way make sure this process is done. It may take a while but it’s not that hard.

Branding for dummy’s.

Be creative. Don’t be basic. Make your product standout more than the next one. From your packaging, social media posts, hashtags, and promo videos be intentional. Use watermarks. Put your brand on everything. Blast it. Drill it in your customers head and be consistent but please don’t copy because other brands. People will think your not authentic or worst a scammer. People buy from people who the feel they can trust. If they don’t trust you, you just lost out on some money.

Remember your brand is a representation of you. Get inspiration from others but don’t copy. Be your genuine self because it makes a difference. It makes you unique. Plus can’t nobody do you like you. You are YOU and that’s your superpower. You can copy someone else’s sauce all day long but the sauce not going to taste the same. That because they put their swagger on it so you do that with your baby (your business). That’s why I don’t even look at what the competition is doing. I just focus on my business.

Unless you work for yourself there is no such thing as job security.

Don’t get discouraged.

Being a entrepreneur is hard. Truth is things will go wrong. You’ll feel stuck. Whether you have a small following or not keep hustling. Keep posting because when you want something in life you gotta go get it. Stick to your plan and eventually you’ll see the sells start coming. Just keep building your brand. You may at first think no ones watching or paying attention don’t you be foolish they are definitely watching. They going to take about you and even may talk bad about you but keep doing you. How many times do you think about buying something before you actually by it? This is exactly why company’s have wishlists.

I strongly recommend setting up your website so your product is accessible to the world. I spend $25 and made my own website on Wix and I told myself at my one year anniversary I’ll revamp my site and pay someone to do it. As for now I’m on budget and since I’m a little tech savvy I went that route. Websites are important but also do pop up shops, use brand ambassadors, get your friends to help repost your promos and get your brand out there and make sells from dm’s. There’s millions of people you can reach and get your products in the hand of no matter how saturated any field is. Don’t be discouraged.

Make sure your put your stimulus check to good use.

I just wanted to help and encourage you, sis. Push yourself, get those negative thoughts out your mind and speak positivity into your business. Don’t allow anyone to tell you what you can do. If you need any advice or motivation I’m here. I’m not 100% where I want to be but I know I’ll get there. I’m really excited about my business. If your not following me follow me on Instagram @Bossmommyblog and @Moodybabelashes . Check me out!

I hope this blog post was informative. I hope you like it and I hope you start your business soon. Hurry up and get you an Instagram. What are you waiting for.

#Starterbusiness

#Stimuluscheck

#Research

#Businesstips

#Momentrepreneur

#Startingyourownbusiness

C’mon New Year Affirmations!

I’m claiming everything this year. 2020 will be MY year. Periodt! Whose with me? Whose not letting their goals go unfinished? A new decade is on the horizon and it’s time for our dreams to come true. That business? Start it. That toxic relationship? Let it go. That higher education you always wanted? Go for it. That dream vacation? Take it. That mentorship? You can never know enough so reach out and make those valuable connections. That “no” you received? Go harder. This year it’s time to be fearless in the pursuit of happiness.

Do you boo.

We’ve been in survival mode way to long. It’s time we start living! We’re not ok anymore with just progressing this year, we’re ready to celebrate our accomplishments. I know I plan on working a lot so I can do more celebrating, even the small victories because those are crucial to your overall success too. Every boss move I make I’m popping champagne for all the pain I experienced in my loosing season.

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