Thanks in advance for any advice you can give us.
My buddy and I have purchased a small part-time business, where we'll be screen printing shirts, creating designs, making stickers, signs, banners, etc...
We're green to many things at this point, but very excited. We're well aware that this may be a one time shot at the title for us, and we don't want to blow it, can't afford to blow it. Which leads to my question.
Can someone lay out a list of legalities we should be aware of, items to cover, items we may not be aware of? For example, we've gotten our Business License, and we're currently awaiting our Ficticious. What else do we need to cover our butts? Tax ID # right? Reseller's permit right? Anything else? Should we be an LLC, or? Things of that nature.
Please let us know anything you can, it would be greatly appreciated.