Power Moves After Filing Your LLC: Level Up Your Beauty Business Like a Boss!
So you’ve filed for your LLC? Congrats, Beauty Pro 🍾
Your personal assets are now separate from your business. So if your business faces any legal troubles or debts, your personal things are safe and sound.
Here’s what you should do next…
Get Your EIN:
Say hello to your Employer Identification Number (EIN) . This nine-digit number, issued by the IRS, is like the VIP pass for your tax game. It unlocks a world of possibilities, from opening a business bank account to hiring employees. Best part? Getting your EIN is totally free, and you can grab it online through the IRS website.
Separate Your Finances like a Beauty Pro:
Separating your personal and business finances is a game-changer. Say goodbye to tax confusion. Open a dedicated business bank account that's all about your beauty empire. This keeps your funds in check and simplifies tax reporting.
Contracts That Protect Your Empire:
Contracts are your secret weapon for setting clear boundaries and protecting your beauty empire. It's time to review and update your contracts like a pro. Make sure they reflect your business' goals. Need some extra help? CLICK HERE to schedule a consultation with me to amp up your contracts and make them tailor-made for your beauty biz. With strong contracts in place, you'll be protected against any potential disputes, define your rights and responsibilities, and keep those professional relationships on point.
Permits and Licenses:
Do your research and make sure you've got all the necessary permits and licenses to be legally legit. From cosmetology licenses to health department permits and beyond, you want to make sure you’ve got the stamp of approval!
Insurance:
Get the right insurance coverage to shield your beauty business from any unexpected twists and turns. Whether it's liability claims or unexpected mishaps, insurance has your back. Chat with an experienced insurance pro who knows the beauty industry inside out. They'll help you choose the perfect coverage options and keep your beauty biz safe and covered!
Do you have any questions for me beauty boss? Feel free to send me an email HERE!
