9:48: Scrub your butt 😂. Don't hire a CPA or attorney to scrub your butt, you might get sued. Also, make sure you are organized as an LLC if you get sued for asking a CPA or attorney to scrub your butt. Great info! Probably the clearest and concise way I've seen taxes and the legalities described for starting a business. 👏👏👏
Hi! This video has been so helpful for me! I do have a question: I sell on eBay, do I need to collect sales tax from those orders even though eBay collects tax from them first?
Hi there! Neither of us sell on eBay, but I'd start by confirming with eBay - if they're automatically adding it to applicable orders, it'll make your tax time much easier! You definitely want to make sure you're not paying the sales tax twice though! I'd suggest checking with your CPA after looking closer into how eBay works.
You're welcome! We're so happy people are finding this info helpful! We know how difficult it was to track down all this info ourselves, so it's exciting to help by putting it all in one place!
Thank you so much for your video, it was really useful. I did have a question. If it's only one person, can they still register as a Ltd company? I was just wondering what was the best route to set up my art company.
Definitely check with your CPA to see if they can give you recommendations based on your income and business needs. I think you're looking into an LLC, and you definitely can do this as a solopreneur, but it may not be necessary. Goodluck!
Thanks. You guys are funny 😂. I am starting a photography and dot painting business. Do you have to hire an attorney? I have an LLC but I am the only employee. Thanks for all of the great information! And a tax permit is the same thing as a tax license, right?
We definitely recommend finding an attorney you can turn to when you need it. They can review your contracts or answer any questions you might have about terms as they come up. You can typically ask them for a one-time consult too. Goodluck!
Head to your local govt website and see what information they share - it looks like there's a great resource here: www.nm.gov/business/. You can always call as well if you have questions and want to speak to someone!
Congrats! You definitely want to set up the EIN and business entity, but since we're not in the children's market there may be additional registrations or insurance that you'll need. I suggest talking to your a local small business advisor or attorney to get more info for your state.
I am an Artist and Art instructor, selling my art and selling my online classes.....this was very informative. thank you
so glad you liked it!
9:48: Scrub your butt 😂. Don't hire a CPA or attorney to scrub your butt, you might get sued. Also, make sure you are organized as an LLC if you get sued for asking a CPA or attorney to scrub your butt. Great info! Probably the clearest and concise way I've seen taxes and the legalities described for starting a business. 👏👏👏
Thanks! This was very helpful and I surely made notes. I'm ON IT!
Hi! This video has been so helpful for me! I do have a question: I sell on eBay, do I need to collect sales tax from those orders even though eBay collects tax from them first?
Hi there! Neither of us sell on eBay, but I'd start by confirming with eBay - if they're automatically adding it to applicable orders, it'll make your tax time much easier! You definitely want to make sure you're not paying the sales tax twice though! I'd suggest checking with your CPA after looking closer into how eBay works.
Hey I would really appreciate you put your bloopers in the end of the video, it’s kinda distracting in the middle of the serious topic 🙏❤️ thank you
I thought I was the only one that felt this way
thanks for the feedback!
I agree!
😂 scrub your butt!
Thank you very much! This was very helpful
Thank you so so much
You're welcome! We're so happy people are finding this info helpful! We know how difficult it was to track down all this info ourselves, so it's exciting to help by putting it all in one place!
Thank you so much for your video, it was really useful. I did have a question. If it's only one person, can they still register as a Ltd company? I was just wondering what was the best route to set up my art company.
Definitely check with your CPA to see if they can give you recommendations based on your income and business needs. I think you're looking into an LLC, and you definitely can do this as a solopreneur, but it may not be necessary. Goodluck!
Thanks. You guys are funny 😂. I am starting a photography and dot painting business. Do you have to hire an attorney? I have an LLC but I am the only employee. Thanks for all of the great information! And a tax permit is the same thing as a tax license, right?
We definitely recommend finding an attorney you can turn to when you need it. They can review your contracts or answer any questions you might have about terms as they come up. You can typically ask them for a one-time consult too. Goodluck!
the irs website ... how the hell do you fill it out?!? and where to look for it while int the website?
hi! in my state NM, I cant find where to register my DBA, i have searched and unless I am a LLc i cant register, what can I do?
Head to your local govt website and see what information they share - it looks like there's a great resource here: www.nm.gov/business/. You can always call as well if you have questions and want to speak to someone!
Want to open an art studio for kids.
Can you tell me what do I need in order to open business with kids...
Congrats! You definitely want to set up the EIN and business entity, but since we're not in the children's market there may be additional registrations or insurance that you'll need. I suggest talking to your a local small business advisor or attorney to get more info for your state.
Great job on the video and the information!!
I needed this info thank you so much
so glad it's helpful!
2:31 totally could’ve edited that out 😪
This was so helpful! Thank you🫶🏾