Sunday, January 29, 2012

How can I get a dance group/models to become certified as a company/business?

Im starting a gogo / go go dance group / team mad up of talented performers and independent models. We would represent a business / event with our performances if hired. How do I become a certified company / business. (from texas)How can I get a dance group/models to become certified as a company/business?
Very simple...



Go to your local post office and get the application for a FEIN ( Federal Employer Identification Number), fill it out, call the number on the form and answer the questions the agent asks you, and BOOM.. you are a business. You will have to mail in the form after the call.



THEN, you register that FEIN with your state's Secretary of State.



It REALLY is that simple.. :O)...



Good Luck!How can I get a dance group/models to become certified as a company/business?
each state regulates its own banking/accounting laws, but typcially- since you're a group... you can go about a few different ways. First - you can go as a sole prop - to which you will assume all risk (e.g. someone gets hurt - they can sue you). What I would do, is either open up an LLC (member managed) or a C-corp. These are expensive and have separate tax requirements to which your company would have its own tax id number (like a social security). You would register and pay taxes on your own, but you get the beauty of deducting all your expenses (e.g. gas to a show, outfits, etc).



Your first stop would be an accountant that would setup your biz for you. you can do this on your own, but an accountant should be your best friend and a guide to how much money you can use and when. Checks you collect would be payable to your new entity to which you would need to open a bank account in the name of your biz. Keep the $ separate and account for every freaking cent.



then you would need an assumed name certificate. each state has its own requirements, but again - the accountant can tell you all this.



Find one - share your dreams and prepare for some up-front costs.



You can do all these in steps e.g. open a sole prop using your social first, then a s corp then a c corp then an llc and so on.



good luck - i love go go dancers :D

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