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 http://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˳
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