Enter the mystical world of face painting

  You may be thinking “Ok we discussed the steps, but I am still unsure of what business structure is best for my business”? Not to worry when just starting all of this can sound so daunting! That is probably why you decided to join this blog to learn a thing or two about owning a small business and the world of face painting. So let’s get into it! Let me first start by reminding you of the different business structures. -Sole Proprietary -General Partnership -Limited Liability Company -Business Corporation -Nonprofit Corporation so what do these all mean? Let’s begin! SOLE PROPRIETARY To be considered a sole proprietary business you must meet the following standards (Based upon the state of Oregon). First, register your business name, second, create a business plan (optional but recommended), third be a single owner as well as sole owner of all debt to the company, pay taxes on your personal income tax return, and lastly, be responsible for ALL business decisions. GENERAL PARTNERS...

  It all begins with an idea. Maybe you want to launch a face painting business. Maybe you want to turn your hobby into something more. Or maybe you have a creative project to share with the world. Whatever it is, you got this!  Now you are probably saying to yourself “Ok that’s great and all but tell me what I have to do already”! Don’t you worry I am about to get to all that! There are a few things you want to start with before making anything official, and that is to do your RESEARCH!, I cannot stress that enough to make sure you understand the ins and outs of your business in your local area or state before moving on to any other steps, Create a business plan, And lastly, the most exciting part in my opinion create your business’s name! Upon completing these first three steps you will want to do the following… -Figure out the structure of your business. Examples are… Sole proprietorship General partnership Limited liability company (LLC)  Corporation  Nonprofit...