Join Petrula Vrontikis for an in-depth discussion in this video An overview of business licenses, part of Running a Design Business: Starting Small.
Some requirements, regulations, and licenses are all part of establishing …your small design office. LLCs and corporations must file for an …EIN, or Employer Identification Number when they establish a business. …Sole proprietors are permitted to use their social security numbers on tax forms. …But it's best to file for an EIN. And you can apply for one online. …You will need an EIN when you hire subcontractors. …And of course, when you start hiring employees. …Your small business needs a city business license.…
In Los Angeles, my small design office is required to get three different licenses …as part of this process. They're separate, because each is taxed …at a different rate. One is called wholesale sales, which …means that my work is being resold through other design firms and agencies. …Another is called retail sales, where I work directly with clients and sell them …tangible property. The last one's called professional …services, which covers my work performed directly with clients, where there's no …
- Naming and structuring your business
- Keeping records
- Cultivating business relationships
- Hiring employees and subcontractors
- Creating schedules and managing deadlines
- Understanding industry trends
- Avoiding the pitfalls of spec work
- Promoting your business through social media
Skill Level Appropriate for all
Running a Design Business: Designer-Client Agreementswith Terry Lee Stone1h 10m Appropriate for all
1. A Solid Foundation
2. Structure and Form
3. Getting Work
4. Developing Contracts
5. Keeping It Running
6. The Trends
7. Looking Ahead
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