Choosing A Business Structure

Hey guys! We wanted to share our story in hopes that we will inspire you to move forward with your own! We will tell you how we are going about it.

Hope we don't snore or bore you to death. But this post is all about how and where to start when wanting to start your business.

(Kristen Stewart from the interview in the March issue of Marie-Claire 2014)

Startups are not easy or cheap, and there are a lot of daunting steps and confusion along the way.

But don't let that stop you! You can do it! 

(Found on Twitter)

And by no means do you have to take the exact path we did because this is your journey. 

So, you got the next big thing, the idea that's going to rock your world and make a difference in the world? Where do you begin?

In order to start your own business, you are going to need to just put yourself out there. Trust yourself, and most importantly learn from your mistakes, because you are going to make some. But the most important mistake you will make is not taking the plunge at all.

I once read, "Don't put off the business failure you've longed for; you can fail today!"

So I say, "The sooner you fall, the sooner you pick yourself up and overcome another obstacle, another lesson learned." So start failing and start learning today!

The first thing we did whenever we decided to start a business was a ton of research. In particular, what type of business structure do we want to establish?

Keep reading for business structures...

Source: STARTUPVITAMINS 

Click here for a very helpful article about the different business structures: Sole Proprietorship, Limited Liability Company, Cooperative, Corporation, Partnership, S Corporation.

After discussing with our accountant friend, she recommended an LLC. We were leaning towards the LLC and then got in touch with our lawyer, and he said go online and sign up for it.

LLC is the new thing everyone seems to be choosing this days. It's perfect for small businesses and startups, because it is a combination of a Partnership and a S Corporation.

It's very simple to set one up. Another friend, a law student was setting up her own LLC and just told us to go for it ourselves because she hired a lawyer and he charged her $1200 to fill out a form online.

Here's how to do it...you just go here and follow the steps!

In order to file, you go to your Secretary of State, it is easy to find: just type "file an LLC in (state of residence)" into a search engine and find the link that has 'sos' in the url.
From here you find the link that says Domestic Limited Liability Company and then let the paper work begin (online).
Be sure to print off all important papers. Now you are a business owner and the next step is to go to the bank!

Here are some resourceful links:
http://www.sos.state.tx.us/corp/businessstructure.shtml
http://www.sba.gov/content/limited-liability-company-llc

Remember we are not lawyers, accountants, or professional business consultants so please read our disclaimer... Good luck!

Have a wonderful Thursday! 

Love, 

DoDoDom 

http://www.amazon.com/Pure-Essence-Candex-Vegetarian-Capsules/dp/B0011865O0/ref=sr_1_1?ie=UTF8&qid=1429059000&sr=8-1&keywords=candex