Before reading this article, keep in mind that it was written for
people who want to start their own laminate flooring business in the
US Therefore, parts of the information in this article are useful
only for those specific people.
After preparing your laminate flooring business plan and locating it
suppliers, several actions are required to get the business up and running.
First you need to come up with a name, which you then need to register
with the Secretary of State, unless you are doing business under your
own name. This is necessary so that people can identify who the
owner of a certain company in laminate flooring. For information about
how to register the name of your company, go to the Secretary of State
website for the relevant forms. In California is the website
http://www.ss.ca.gov/business/business.htm. Find the same
information for the state in which you want to start your business.
Next, you need to get a tax ID or a federal employer
Identification number (EIN). These are one and the same. The EIN
is required by the IRS for identifying employers. It’s a must if you are
have employees. Even if you don’t plan to have employees, it is
useful to obtain it. An EIN often required for purchasing supplies and
goods at wholesale prices. Read the IRS publication “Starting a
Doing Business and Keeping Records” (www.irs.gov/pub/irs-pdf/p583.pdf page
3).
After you get an EIN, you should consider getting a license for your
laminate flooring company. Again, please contact the Secretary of State
website for more information.
If you have employees, you must contact the US Department of State
Occupational Safety and Health Administration (OSHA). It’s a federal one
body that monitors safety in the workplace. All employers are required
ensure a healthy and safe workplace. Health and safety inspections
are made by the OHSA without notice, so make sure your workplace
is always set up according to their rules. For more information visit
the OHSA website http://www.osha.gov.
Finally, after you start your laminate business, you need to make sure you buy
general business insurance. This includes liability and others
standard coverage. Provide insurance for the place of business, no
doesn’t matter if you own it or not. The landlord’s insurance may be unreliable.
If you have at least one employee, you must have workers’ compensation
insurance. Check with your state’s insurance department to see if
there are other additional types of insurance required.
This article provides just a small overview of what you need to know
before starting your own laminate flooring business. For more information
information, contact the competent authorities in your country.
Laminate Flooring Business – What you need
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