Today we applied for a business license at the City Hall of La Habra. What I found out was that every city has a different procedure for receiving a business license.

Now that most of the necessary legal findings have been done, we are now ready to open a bank account for our business. You may think that setting up a bank account may not be very important so early in the setup, but it turns out bank accounts are necessary early in order to be able to accept credit card purchases. This is because there are more credit card users than cash customers. Even I use credit card.

Opening up a new bank account turned out to be very simple. My father already had a contact person he has been working with at the bank from his earlier businesses. So we were able to process all necessary paperwork via email and a simple phone call. We emailed them a certified copy of the SOS Article of Organization, Fictitious Business Name Statement, and the Federal ID Number. The bank account will be opened in the name of our new business entity. I learned how important it is to have good business connections.

Once the bank account was set up, we moved on to set up something called the Point of Service ("POS").  It's basically a register system used at the stores to manage cash and credit card registers.

One final account to open involved managing relationships with vendors and distributors. Separate accounts were required for each and every supply necessary to run our store. Most of the accounts were set up so that the necessary supplies would be delivered directly to our store.

We are almost towards the end of our back office filings. I am excited to announce that we are targeting the soft opening this weekend! (Soft opening refers to inviting various potential customers to try out our food without charging them)