18 Feb 2008 04:53:37 | E. Timothy Uy
Before reading this article, please note that it was written for
people wanting to start their own laminate flooring business in
the U.S. Therefore, parts of the information in this article are
useful only for those particular people.
After setting up your laminate flooring business plan and
locating suppliers, several actions are required to kick off the
business. First, you need to come up with a name, which you must
then register with the Secretary of State, unless you are doing
business under your own name. This is required so that people
can identify who is the owner of a particular laminate flooring
business. For information on how to register the name of your
business visit the Secretary of State website for the relevant
forms. In California, the website is
http://www.ss.ca.gov/business/business.htm. Look for the same
information for the state you want to start up your business in.
Next, you need to get is a tax I.D. or a Federal Employer
Identification Number (EIN). These are one and the same thing.
The EIN is required by the IRS for identifying employers. It is
a must if you have employees. Even if you do not intend to have
employeeds, it's helpful to obtain it. An EIN often needed for
purchasing supplies and merchandise at wholesale prices. Read
the IRS publication "Starting a Business & Keeping Records"
(www.irs.gov/pub/irs-pdf/p583.pdf -page 3).
After you get an EIN you should consider obtaining a license for
your laminate flooring business. Again, contact the Secretary of
State website for more information.
If you have employees, you must contact the U.S. Department of
Occupational Safety and Health Administration (OSHA). It's a
federal agency that oversees workplace safety. All employers are
required to provide a healthy and safe workplace. Health and
safety inspections are made by the OHSA without prior notice so
make sure your workplace is always set up according to their
rules. For more information visit the OHSA's website at
www.osha.gov.
Finally, after you start your laminate business, make sure to
purchase a general business insurance policy. This includes
liability and other standard coverage. Get an insurance for the
place of business, no matter if you own it or not. Landlord's
insurance might be unreliable. If you have at least one
employee, you must have worker's compensation insurance. Check
with your state's insurance department to see if there are any
other additional types of insurance required.
This article provides only a small overview on what you need to
know before you start your own laminate flooring business.For
more detailed information contact the appropriate authorities in
your state.
About Author :
Laminate flooring enthusiasts unite! Installation, maintenance,
selection, e.g., Harmonics, Pergo, Shaw, Mannington - you name
it, we are talking about it. Join us at
http://laminateflooring.oncloud8.com