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

These sessions of "How To Start and Operate a Dog Walking and Pet Sitting Business" will take you from the very beginning, when you're only thinking about starting this business, to organizing it and finally to the point where you will collect your fees in checks or credit card payments.
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How To Start and Operate a Dog Walking and Pet Sitting Business
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Now displaying: October, 2015
Oct 16, 2015

#4 More Business Stuff

 

  1. Set up your professional email account
  2. Does your state require you to collect sales or use taxes?
    1. Check the Tax Foundation (http://taxfoundation.org) for information
    2. Contact your state’s revenue or tax department
      1. Ask them if dog walkers need to collect sales or use taxes

 

Oct 1, 2015

3 Let’s Set Up Your Business

 

  1. Choosing a company name
  2. choose a name that defines your business quickly
  3. stay away from personal names that are more ego driven than business smart
  4. unless you have "Dog Walking" and/or "Pet Sitting as part of the name
  5. Women's names seem to work best
  6. Highlight the business; minimize the name
  7. Dog Walking and Pet Sitting is more important than the actual name
  8. Important for magnetic signs on car
  9. log in to your state’s Corporation Commission
  10. confirm that your company name is unique
  11. if not, you must choose another name
  1. Apply for and immediately receive an IRS EIN
  2. log onto IRS website

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

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

 

III. Legally organize your company

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

     No legal filings; no special requirements

     You have no legal protection if you're ever sued

  1. I do not recommend remaining a Sole Proprietor
  2. C-Corporation
  3. used by large companies with stockholders
  4. double taxation
  5. strict business requirements
  6. not suggested for our type of business
  7. S-Corporation
  8. can be used by small businesses
  9. pass-through taxation
  10. still has strict business requirements
  11. Limited Liability Company (LLC)
  12. perfect for small businesses
  13. pass-through taxation
  14. not very strict business requirements
  15. ideal for our type of business
  16. file with your state’s corporation commission
  17. can pay LegalZoom or IncFile.com to do this
  18. easy to do by yourself
  19. log onto your state’s corporation commission
  20. located page to apply for LLC
  21. answer all questions
  22. must have legal company name handy

             iii. afterwards pay application and filing fee

  1. use credit or debit card

 

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