Anonymous
Anonymous asked in Business & FinanceSmall Business · 1 month ago

How Do I Start a Clothing Business?

How do i start a online clothing boutique? I am a sole proprietor do i need to register a DBA? Get a EIN? what legal requirements do i need to follow before i launch? 

3 Answers

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  • 1 month ago

    You can get your EIN free at the IRS website.   But that is the last thing you do.

    You have to have a business plan or you will lose all of your money and go out of business.

    Yes, you can hire an accountant or CPA and pay them a lot more money than you have to create a detailed business plan.   You can go to the Library and get a professional business book that they use at the universities and copy a business plan from there and you can go to the Fiverr site and just get a basic business plan you can follow for a year or so until you have a lot of customers.

    You do not need to register as a DBA...but becoming an LLC will protect your personal assets and I think that gives you a tax break.

  • Jay
    Lv 6
    1 month ago

    Your write a business plan.

    Then you rewrite the business plan.

    Then you review the business plan with an accountant.

    Then you rewrite the business plan.

    Then you review the business plan with a lawyer.

    Then you rewrite the business plan.

    Then you apply for your EIN at IRS.gov.  The EIN is free.  Unless you know how to write a business plan...that wil lcost you $500 to $1,000.

  • Anonymous
    1 month ago

    Change your mind before you lose money.

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