If you have a California LLC/Corp, check out the status of your biz to make sure it still exists (and doesn't have problems): bizfileonline.sos.ca.gov/
@Tiffany-RemoteOfficeGirl
4 ай бұрын
Great information and I had not thought about that with the renters insurance and personal versus business related items.
@seydoutraore8279
Жыл бұрын
wow these videos are so helpful, thank you!
@ElizabethPW
Жыл бұрын
Glad they are helpful!
@chrishoskins8782
Жыл бұрын
More great info! Thanks!
@ElizabethPW
Жыл бұрын
You bet!
@deannamcgrew6288
Ай бұрын
I love your videos. In reviewing the application for a business license in my city of San Jose, the form asks for an NAICS. Can you please touch on this somewhere - there are 1 million choices. How do choose appropriately?
@ElizabethPW
29 күн бұрын
The short answer is that it's not super vital and most businesses could go in more than one, just pick something that is logicial
@mariaklochkova4363
Жыл бұрын
Hello Elizabeth, I’m doing personal training business in Sunnyvale, California for about 4+ years, and watching your channel I have realized!!! Somehow I’ve made one of the mistakes you mentioned in this video - I don’t have a business license!!! Sunnyvale does require it! I just didn’t think I need one 🤷🏼♀️ I was filing taxes for my income with my husband as self-employed. What should I do now? Go and just apply for a business license? Or take a consultation with an attorney/lawyer? Thank you in advance, Maria
@ElizabethPW
Жыл бұрын
I'd apply for the business license but if you work from home you'll also need a home occupation permit too www.sunnyvale.ca.gov/home/showpublisheddocument/866/637819283040830000
@mariaklochkova4363
Жыл бұрын
Elizabeth - thank you so much for your quick response! It’s precious you keep in touch with us here 🙏🏻 I will! I have one more question/concern. Is it possible to DM you?
@mariaklochkova4363
Жыл бұрын
@@ElizabethPWI got it, I joined you on Patreon! 🙂
@davidswestcoastpainting8510
Жыл бұрын
hello Elizabeth, when you mention business insurance, are you referring to Liability and workers comp? many thanks in advance
@ElizabethPW
Жыл бұрын
Business insurance includes liability, property, might include worker's comp, might also include other types (auto, professional liability, errors and omissions, etc.)
@shyrelaneskinner5
Жыл бұрын
hello are you going to do another Q&A? I have a defiantly question
@ElizabethPW
Жыл бұрын
I typically do Q/A's on YT about once per quarter (so it will be a while). I am going to do q/a's much sooner on the new discord: discord.gg/S2JGUrp8 so you can check that out
@helpyourcattodrive
Жыл бұрын
Ty❤
@ElizabethPW
Жыл бұрын
Welcome!
@FunnyVideosLover
Жыл бұрын
Thanks for the great info. Independent contractor who have an LLC in one state and pay state taxes but have a contract in another state where state tax is not applicable --can they get paid as sole proprietor instead through LLC to avoid having to pay taxes in home state or 1099 income is taxable regardless ?
@ElizabethPW
Жыл бұрын
So generally the state where you are a resident will want you to pay income tax on all your earned income, from everywhere. If you had to pay income tax on income in another state, you could get a credit for that on your resident state income tax return (so you don't pay double tax). But that would not be true if you don't have to pay taxes in the other state. Best option though is to talk to a tax person to get specific advice for your exact situation to see if something can be set up that might help (perhaps changing to S Corp tax status instead of sole prop, for example) to save on taxes.
@violethurtado913
Жыл бұрын
do you fix corporation that is none active due to not filling and someone took over the name the sos is giving me a run around i cant get in to change my biz name
@ElizabethPW
Жыл бұрын
If you have a corporation that was administratively dissolved, then after a certain amount of time someone else is allowed to file a corporation using that name (because the name is not reserved anymore). Before you can change the biz name on the old corporation, you'd need to bring it back up to status by filing any late filings, paying any late taxes, etc.
@miracleworkshop5004
Жыл бұрын
I'm in Los Angeles. I just made an online service business. we sell digital downloads. I just sold my first download for $149. It has taken me two months to set up my website (never done it before) and get all of my privacy forms and analytics together. The payment just went to my Stripe Payment Account. When do I need to file my business with the state? I haven't filed anything yet. will I incur any fines if I accept payments before filing? Is that illegal to perform the service before filing? please let me know I can't find any videos you made on that. Thanks.
@ElizabethPW
Жыл бұрын
I assume you are a one-person business? Then you can just stay a "sole proprietor" where you don't register with the state. You may need to register with your city (or county) to get a business license / tax certificate -- check the website for your city/county.
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