6 figure BnB Academy
Lesson 2
It all starts with the foundation. In this lesson we are laying the foundation to start a unbreakable corporate housing company.
Action:
Business Name
Choosing your business name is one of the most important steps in your business process. You want to ensure, your business name is available. Therefore you must check the trade mark database, as well as the secretary of state for the state you will file your business paperwork.
Check to make sure your business name is available by checking first the Trade Mark Database, and second check your secretary of state website to make sure your business is not already incorporated in your state of corporation.
Need help incorporating your business. Check out this resource by selecting the state you want to incorporate.
Apply for your EIN during the normal business hours presented on IRS website. Be sure to print the PDF of your EIN number. Normal business hours 7 AM - 10 PM Monday - Friday
If you have already filed for your EIN, and need to make any changes please call 800-829-4933, and or file the change address form included in the link.
Register Your Business Resources
NAP- Name, Address, Phone Number
This is a very, very important step. When registering your business be sure to make sure the address format is always consistent. Example if you spell out Drive in one application, be sure to spell it out in all.
Phone
Domain
A professional email is a must. When you purchase your domain name, you will have the rights to the email alias for that domain. A Gmail address is not an option. There are several options to connect and create your email alias's. One of the most simple solutions to use is the Google Workspace, formally G-Suite.
Virtual Office / Address
1. Search local Co-working spaces in your area to see if they provide a professional mailing address service.
2. If you use a registered agent, ask if they provide a mailing address service.
3. PO Boxes are an absolute NO NO. You need a street address. Banks are getting hip to postal addresses or services like ipostal. You risk getting denied if you are using a PO Box.
4. You don't want to use your home address as this information will be public record. We want as much privacy and protection as possible.
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