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damionhill1 Offline
Active Member


Joined: 25 Sep 2006
Posts: 50
Location: Westminster, MD/ Rochester, NY - USA
Age: 36


PostPosted: Sun Oct 22, 2006 6:29 am    Post subject: Need some guidance Reply with quote

In the next year or so I’m going to be starting a business full-time perhaps in recording audio. I may do overdubs, and radio stuff. I have a some-what business plan written out. But the big idea is how to get it all together.

Here’s a sketchy area I need to know more about.
Permits and Legalities
•File a “DBA” (Doing Business As) form. These are obtained at the county clerk’s office.
•Obtain a business license from the city or county. Other required licenses might be a Health Dept. permit, Professional license, and others. The best place for advice is at a local Small Business Development Center. Appointments with counselors are free of charge and offer invaluable assistance.
•Even small businesses must pay sales tax. You must obtain a sales tax number. (“But I’m not selling a product, so is this relevant to me?”)

Does all this info seem right to you? And most importantly is some of this actually needed?

Other question is…
Raising Funds•You will need external funding
•Seek a loan from the bank. Some banks may seek collateral. See what our credit unions ask for and what is entailed. The Government also offers loans through the “SBA” which is guaranteed for well planned ventures.

What’s the best way to get a loan… through a Bank, a Credit Union, SBA (Listed above), or what? Kind of lost and very important things.

Also what is expected from you when you charge sales tax in the product it’s self. Do you just add it in the cost of hourly rates or would you charge them at the end?

Any other info is greatly appreciated!

_________________
I do what I do cause I enjoy doing it.
-------------------------------------------
Some projects i've done:
A Dark Autumn Symphony
New Skin
Hot Pants
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damionhill1 Offline
Active Member


Joined: 25 Sep 2006
Posts: 50
Location: Westminster, MD/ Rochester, NY - USA
Age: 36


PostPosted: Sun Oct 22, 2006 6:32 am    Post subject: add on Reply with quote

Quote:
I may do overdubs, and radio stuff.
and I'll be recording bands and stuff.
_________________
I do what I do cause I enjoy doing it.
-------------------------------------------
Some projects i've done:
A Dark Autumn Symphony
New Skin
Hot Pants
-------------------------------------------
Back to top
View user's profile Visit poster's website
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