# small buisness owners... questions **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [August 18, 2006, 1:17pm UTC](https://forums.speedlife.net/t/small-buisness-owners-questions/16129 "2006-08-18T13:17:32Z")\ **Posts on this page:** 9\ **Page:** 1
**Author:** ![Dr.Stevil](https://avatars.discourse-cdn.com/v4/letter/d/da6949/32.png) [@Dr.Stevil](https://forums.speedlife.net/u/Dr.Stevil)\ **Post date:** [August 18, 2006, 1:17pm UTC](https://forums.speedlife.net/t/small-buisness-owners-questions/16129/1 "2006-08-18T13:17:32Z")
Ok, so I’m about it take the leap from moon-lighting to actually open a small buisness. What are the legal steps required? I wont have any employees, for the time being atleast (until I can get some steady buisness) and I’ll still be working full time, for the time being, at my current job. This is all new to me so I’d appreciate any direction you can give me. oh, and if it makes any difference, it’s a 3D design (mechanical, presentation [renderings and such] and concept) company. thanks steve ---
**Author:** ![LAFENGAS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/lafengas/32/7573_2.png) [@LAFENGAS](https://forums.speedlife.net/u/LAFENGAS)\ **Post date:** [August 18, 2006, 1:20pm UTC](https://forums.speedlife.net/t/small-buisness-owners-questions/16129/2 "2006-08-18T13:20:36Z")
go to a lawyer and file as a new business. that should be your first step. You’ll have to fill out legal stuff, decide what kind of coporation you’ll be (i.e. LLC, S-Corp) fork up some money for legal and processing fees. ---
**Author:** ![MrFliGSR](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/mrfligsr/32/3069_2.png) [@MrFliGSR](https://forums.speedlife.net/u/MrFliGSR)\ **Post date:** [August 18, 2006, 1:26pm UTC](https://forums.speedlife.net/t/small-buisness-owners-questions/16129/3 "2006-08-18T13:26:07Z")
Choose ur biz structure first. I chose an LLC. Get ready to spend some $$$$. Make up a biz plan. I think u need to get those two steps out of the way, get a lawyer and an accountant also. ---
**Author:** ![Carnut](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/carnut/32/7590_2.png) [@Carnut](https://forums.speedlife.net/u/Carnut)\ **Post date:** [August 18, 2006, 1:32pm UTC](https://forums.speedlife.net/t/small-buisness-owners-questions/16129/4 "2006-08-18T13:32:34Z")
It takes some money to start up…you dont have to start as a corporation but it isn’t a bad idea… ---
**Author:** ![JustinH](https://avatars.discourse-cdn.com/v4/letter/j/9fc29f/32.png) [@JustinH](https://forums.speedlife.net/u/JustinH)\ **Post date:** [August 18, 2006, 1:32pm UTC](https://forums.speedlife.net/t/small-buisness-owners-questions/16129/5 "2006-08-18T13:32:51Z")
Or i’ll give you the number of my accountant. I’ll have to ask my dad. Basically you just file for a tax id number, and file a doing business as certificate. You can’t afford to hire employees yet (you have to buy insurance for them, etc). It gets very expensive. ---
**Author:** ![MrFliGSR](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/mrfligsr/32/3069_2.png) [@MrFliGSR](https://forums.speedlife.net/u/MrFliGSR)\ **Post date:** [August 18, 2006, 1:43pm UTC](https://forums.speedlife.net/t/small-buisness-owners-questions/16129/6 "2006-08-18T13:43:26Z")
go to [entrpreneur.com](http://entrpreneur.com) and do some research also. ---
**Author:** ![Skurge](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/skurge/32/7285_2.png) [@Skurge](https://forums.speedlife.net/u/Skurge)\ **Post date:** [August 18, 2006, 2:05pm UTC](https://forums.speedlife.net/t/small-buisness-owners-questions/16129/7 "2006-08-18T14:05:27Z")
steve…doh i’ve done this before 😛 i can set you up with everything you need ---
**Author:** ![drvnkd](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/drvnkd/32/109615_2.png) [@drvnkd](https://forums.speedlife.net/u/drvnkd)\ **Post date:** [August 19, 2006, 4:12am UTC](https://forums.speedlife.net/t/small-buisness-owners-questions/16129/8 "2006-08-19T04:12:25Z")
dont foget to take 30% of your income and put it away for your partner… . uncle sam. then there is health insurance, and retirement to think of. ---
**Author:** ![Locutus](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/locutus/32/7574_2.png) [@Locutus](https://forums.speedlife.net/u/Locutus)\ **Post date:** [August 19, 2006, 6:47am UTC](https://forums.speedlife.net/t/small-buisness-owners-questions/16129/9 "2006-08-19T06:47:19Z")
dont compete with your current business. … . . . . im sure you signed a non compete