3 Let’s Set Up Your Business

How To Start and Operate a Dog Walking and Pet Sitting Business

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3 Let’s Set Up Your Business

Choosing a company name
choose a name that defines your business quickly
stay away from personal names that are more ego driven than business smart
unless you have "Dog Walking" and/or "Pet Sitting as part of the name
Women's names seem to work best
Highlight the business; minimize the name
Dog Walking and Pet Sitting is more important than the actual name
Important for magnetic signs on car
log in to your state’s Corporation Commission
confirm that your company name is unique
if not, you must choose another name

Apply for and immediately receive an IRS EIN
log onto IRS website

1.http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/How-to-Apply-for-an-EIN

DO NOT use non-IRS websites to apply for EIN
After completing the EIN application, EIN will be generated immediately

III. Legally organize your company

log onto IRS website for discussion about business structures
http://www.irs.gov/uac/Choosing-a-Business-Structure
Sole Proprietorship

No legal filings; no special requirements

You have no legal protection if you're ever sued

I do not recommend remaining a Sole Proprietor
C-Corporation
used by large companies with stockholders
double taxation
strict business requirements
not suggested for our type of business
S-Corporation
can be used by small businesses
pass-through taxation
still has strict business requirements
Limited Liability Company (LLC)
perfect for small businesses
pass-through taxation
not very strict business requirements
ideal for our type of business
file with your state’s corporation commission
can pay LegalZoom or IncFile.com to do this
easy to do by yourself
log onto your state’s corporation commission
located page to apply for LLC
answer all questions
must have legal company name handy

iii. afterwards pay application and filing fee

use credit or debit card

Leave questions or comments at dogwalkerpodcast@gmail.com

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Or on dogwalkerpodcast.com website.

27 episodes

#Business #Pet Sitting #Ray Anderson