Venture into business venturing with me, as I note the steps, experiences, and insights I gain through starting a Pokebowl food business!
Thursday, January 5, 2017
So today my dad received the certified copy of the form LLC-1, Secretary of State Articles of Organization. And as SunDoc promised, it was processed within 24 hours. The first step neccessary to open a business is now complete. The form included a certified stamp by the Secretary of California, the date it was filed, and the SOS number of our LLC.
The next step is to file for a Federal Employment Indentification Number(FEIN) with the IRS. We were able to apply for this online at www.IRS.gov. The FEIN number was available immediately as soon as we completed the online form. I learned that form 941, Employer’s Quarterly Federal Tax Return, must be filed every quarter to report wages and payroll tax information. Then form 940, Employer's Annual Federal Unemployment Tax Return, must also be filed annually.
Similar to the FEIN, we needed to also file for the State Employment Identification Number with the Employment Development Department. This again, we were able to do by going to www.edd.ca.gov.
One additional preliminary step included filing the Ficticious Business Name Statement with the Orange County Recorder's Office. This is a public notice that is filed with the county that provides information about the business that is about to open in their county. It includes the DBA(Doing Business As) name and the ownership information of the DBA. Upon filing online, we received a form stamped by Hugh Nguyen, the Orange County Clerk Recorder.
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