Form a Company

Q.:  I own a restaurant and I’m planning to sell my desserts (my own recipe) in mini markets and grocery stores. Do I need another type of business licensing besides what I have now?   A.:  Generally, restaurants and other food service businesses must obtain a food service permit to comply with business licensing requirements.  […]

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Q.:  I contacted my local zoning department about the zoning codes for starting a home based handbag business. I was told that I would have to fill out an application for a traffic impact study to comply with zoning codes. What is that, and do I really need one for a business that won’t increase […]

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Q.:  Do I need business licensing to start a roadside vegetable stand, selling items from my garden?   A.:  A number of states prohibit the sale of any agricultural products without the proper business licensing.  Because business licensing varies for place to place, contact your local government to see if it has those restrictions and […]

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Many entrepreneurs have law questions about company ownership and board meetings.  Some of the responsibilities of company ownership include holding board meetings, generating company financial reports, obtaining an employer tax ID and, sometimes, undergoing a business name change. Want to know more about company ownership and board meetings?  From my Ask Entrepreneur column, here are […]

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Q.:  My current business is in transportation services and I would like to also offer consulting services. But with the current business name having the word “transportation” in it, clients might not identify the new consulting services. Is a new employer tax ID needed to start a new branch of my current business with a […]

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Q.:  I recently started a limited liability company but have not purchased a company with it yet. I also haven’t set up any credit accounts or bank account for it. My goal is to establish good business credit, which may in part assist me in purchasing a business. Would undergoing a business name change for […]

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Post image for Basic Training: K is for Kamikaze Business Formation

You know . . . and I know . . . that faster is not always better, no matter how much the car companies try to push the “0 to 60 in 3.6 seconds” pitch. Think food, sex, rest, travel. You don’t necessarily want to rush these experiences. Quick, split-second decisions are not the best […]

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Q.:  I recently became a sole owner of an LLC due to a partnership split. I am renaming the LLC due to the split. Is it necessary to obtain a new employer tax ID (also known as an “EIN”) for the new LLC?   A.:  Generally, a simple name change of an LLC does not […]

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Q.:  I understand you do not let executive session board minutes into anyone but the board of directors’ hands. In fact, I have heard that you pass these board minutes out in executive session and they are then collected and given back to, in our case our attorney who is, chairman of the board and […]

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Post image for Basic Training: A is for Adolescent

Ah, youth. I wish I had been so motivated to change the world when I was a teen. I was more concerned with how geeky I looked in braces and participating in nerdy things like student government. Here’s how this week’s teen wants to make a difference: Q: I am trying to start up a […]

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