Resources & Information for Business Owners


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Hello everyone, welcomes back to Diamond’s World by Brittany Barr, I hope everyone is prayed up and blessed. Today, I want to talk to you about the process of getting started with the business of your dreams. If you have a hobby, talent, or idea that you want to make money off then I am here to help with the beginning stages of operating a business, following this checklist is a great place to start. I have a 3-part serious to starting and growing your business. So, if you want to have a successful business then let’s get started with the checklist.

  1. Think about what business you want to start and make sure you research and write a strong business plan for 3 to 5 years you will be in business. Then set a budget about how many legal fees, location, and inventory going to cost and when you come up with a realistic budget go ahead and set aside an emergency fund to keep you float while you just starting your business.
  2. Next, you will need to come up with what business entity you will become. A business entity is an entity that is formed and administered as a commercial law in order to engage in business activities, charitable works, or other business activities allowable. There are many types of business entities such as C or S Corporation, partnership, sole proprietor, Limited Liability Company, and other specially permitted and labeled types of business entities.
  3. Now, that you have chosen your business entity you need to register your business name also known as Doing Business As, Trade Name, or Fictitious Name. You will have to do this if you choose to name your business as anything other than your personal name. For example, if your name is John Smith and you name your business Hats in a Trap then you would have to register your name to the appropriate authority. So, a DBA is a fictitious name that is different from a personal name, the names of your partners or the officially registered name of your LLC or Corporation. Registering your name is not hard if you live in Florida go to (Florida Department of State and go to Division of Corporation). Also, you can check your county clerk office or state’s government office. On Sunbiz, they have all the businesses name in their database and you can check for free to make sure nobody has your name. Some states require you file an annual or biannual that you’re still using the name. You can also file more than one DBA, but each will have to be registered separately.

Step 1: Fictitious Name: Enter the exact name you wish to register and you cannot enter more than one name on the application. Search your name first to make sure no one has already registered under that business name.

Businesses that have already formed a business entity, such as a limited liability company or S corporation, can file to do business under a different name, sometimes opting to drop the “LLC” or “Inc.”

If you own multiple business under one umbrella organization, filing DBA lets you separate the businesses. For example: If you have a business selling T-Shirts online and you are a blogger selling your beauty products online. You can get a DBA for the T-Shirt Business and your beauty products business. I found this is very helpful because if you have a company named T-BopShirt you definitely cannot name your beauty product after that name, you would not get the customers you are looking for.

If you don’t have a registered DBA then you can’t open a Business checking or saving account, get a loan, or you can legal action (if your name is not your personal name) then problems will arise.

Filing a DBA doesn’t guarantee name protection-it’s not a trademark but some states don’t allow duplicates.

Step 2: Enter the business’s mailing address: This address doesn’t need to be the same as the principal place of business address.

Step 3: Select the Florida County of Principal place of Business: is located and make sure you select “multiple” if you have more than one location in different counties.

Step 4: Enter you Federal Employer Identification Number (FEIN) or your EIN: assigned to you from the IRS for your income tax identification purposes. Do not enter a Social Security Number. If you don’t have one yet go to IRS site to obtain one.

In Step 4 the site says you need your FEIN or EIN number if you don’t have one you must go to website and get one if you don’t know what an EIN number is it’s a unique nine-digit number that identifies your business for tax purposes.

As a business owner, you’ll need an EIN to open a business bank account, apply for business licenses and file your tax returns. Apply right away to ensure that there are no delays in getting you DBA or any other appropriate licenses or financing that you may need to operate your business.

The simplest way to apply for your EIN number is online via the IRS Assistant. As soon as your application is complete and validated, you’ll be issued an EIN. There is no charge for this service. Do not lose this number and make sure you put it on all your business application because this number will be with for the life of your business.

Step 5: Provide a valid email address so if you are filing online the acknowledgment and certification (if any) will be emailed to that email address. Make sure you keep this email up-to-date because all communication will come from that email address.

Step 6: List each owner and verify their information. List each name and mailing address for everyone you listed. If an owner is a business entity (e.g., corporation, limited partnership, limited liability company): Business entities must be registered and active and addresses for each entity listed, document number assigned by the Division of Corporation for each entity listed, and the FEIN for each business entity or you can select “Applied for” or “Not Applicable.”

Step 7: One Owner must sign the document and if the owner is a business entity and authorized individual can sign on behalf of the business.

Step 8: Pay the Registration Fee which is Registration of Fictitious Name is $50, this 2 are optional but if you want a Certified Copy of Fictitious Name Registration is $30.00 and Certificate of Status for Fictitious Name Registration is $10.

Federal Licenses & Permits: If you going to sell alcohol, tobacco, beer and wine, or even firearms they require a federal license or permits. Public transportation and trucking (the Motor Carrier Safety Administration), investment advice (the securities and exchange commission), preparation of meat products or production of drugs), or tobacco products, alcohol, and firearms (the Bureau of Alcohol. Tobacco and Firearms in the US Treasury Department).

Side note if you’re starting a business as a corporation, a limited liability company, or a limited partnership you may need to comply with federal (as well as state) securities laws. Securities laws are meant to protect investors from unscrupulous business owners. They require businesses to register the sale of certain kinds of ownership interests with the federal Securities and Exchange Commission (SEC). Fortunately, many small corporations a limited number of 35 or fewer people can skip the registration process because of securities “exemptions.” Also, those who because of their net worth or income earning capacity, can reasonably be expected to take care of themselves in the investment process (often called “accredited investors”).




Once you gotten all on Step 1 through 8 finish then its time to start on 9 through 11.

Step 9: A Business Checking account is your next step in the making you a legit business and a business checking account allows you to separate your business finances from your personal finances. A business account include a saving account, credit card account, and a merchant service account. Merchant accounts allows you to accept credit card and debit card transactions from your customers. A separate account also makes it easier to deduct business expenses for taxes. Business accounts tend to have lower interest rates than personal accounts. Also, you can do your payroll account, transfers, POS card readers, and staff that can help you invest money back into your business the right way. When choosing a business account pick a checking account based on the type and location of your business, your transaction requirements, and your cash deposit requirements. Also business banking usually comes with the option for a line of credit for the company. This can be used in the event of an emergency, or if your business needs new equipment, pay up invoices, pay staff, and get new inventory.

When opening up an account you will need to bring some identification: If you open an account in a banking location, bring original or certified copies of your business documents with you. 2 forms of a valid government-issued photo ID, such as a Driver License or passport, or a state ID card from the Department of Motor Vehicles

Sole Proprietor

If the business name does not include the legal first and last name of the owner, you will need one of the following documents:

  • Fictitious Name Certificate or Statement
  • Certificate of Assumed Name
  • Business License
  • Registration of Trade Name

General Partnership

You will need one of the following business documents:

  • Partnership Agreement
  • Fictitious Name Certificate or Statement
  • Certificate of Assumed Name
  • Business License

If you do not have one of the documents noted above, simply provide a written statement signed by all partners indicating no written Partnership Agreement exists.

Limited Partnership

You will need one of the following business documents:

  • Certificate of Limited Partnership
  • Limited Partnership document

Limited Liability Partnership

You will need one of the following business documents:

  • Statement of Qualification
  • Limited Partnership document
  • Limited Liability Partnership Election

Limited Liability Company

You will need one of the following business documents:

  • Articles of Organization
  • Certificate of Organization
  • Certificate of Formation



You will need one of the following business documents:

  • Articles of Incorporation
  • Certificate of Good Standing


Step 10: Merchant Services enables you to process credit cards, debit cards, gift cards, and electronic check transactions. These payment methods are convenient for your customers, and they may help you get paid faster. If you have a Wells Fargo deposit account, you can receive your funds as soon as the next business day.

Banks will need merchants to complete an application so they can obtain information to assess the risk level that your business or organization may have when processing card payments. They will review your credit as part of this assessment process. Once approval your business can accept common cards that is  Visa®, Mastercard®, Discover®, American Express®, and JCB. American Express and JCB are subject to processing network approval.

These are the variable fees charged by the payment networks for processing transactions. Wells Fargo pays these fees on its customers behalf, directly to issuing banks (the card companies that issue payment cards to your customers) and the payment networks, such as Visa®, Mastercard®, Discover®, and American Express®, in compensation for facilitating the exchange of information and funds between your bank and your customers’ banks. Factors that affect Interchange charges include card type, information contained in the transaction, and how/when the transaction was processed.

Service charges, also known as the Discount Rate, are the amounts charged to authorize, process and settle card transactions. The service charges you pay are determined by a variety of factors such as:

  • Your payment processing methods (face-to-face with your customers, online, by phone or mail)
  • The types of cards your customers use to pay you
  • How quickly you settle transactions
  • How your merchant services account is set up

Fees are the range of transaction-based and/or fixed amounts charged for specific card processing services. The fees are collected, usually on a monthly basis, by an automatic deduction from the checking or savings account you specified.

More information you can call your local bank for more details.


Step 11:  Business Tax Certificate is when you register with the Department of Revenue to collect sales tax and you will get a Florida Annual Resale Certificate for Sale Tax. The certificate allows you to buy products or services tax-free. You may not use your Annual Resale Certificate to make tax-exempt purchases or rentals of property or services that will be used not be resold or rented, before selling or rented the goods, and by your business or for personal purposes. (For example, furniture, office equipment, computers, or supplies.)

Check with your municipality before attempting to obtain a Broward County Local Business Tax Receipt, especially if your business is home-based. New business may also present applications for a Broward County Local Business Tax Receipt in person at Broward County Records, Taxes and Treasury Division, Governmental Center Room A-100,115 S. Andrews Ave., Fort Lauderdale. You need a Local Business Tax Receipt for each location you operate your business from, and one for each type of business you conduct.

Those who are exempt from paying a Local Business Tax include: charitable groups, disabled individuals, including disabled veterans, individuals over 65 years of age, and if you qualify as one of these contact the Broward County Records, Taxes and Treasury Division at 954-357-6200.



Starting a Business can be a rewarding experience when all your ducks are in a roll and you don’t have to worry about so many setbacks. Small businesses need the resources and opportunity to get their name and business up in running and to show what they can bring to the economy. This is a 3-part serious where I will help to explain what you need to do to make your business successful and thriving.

Please click the like button and give your comments for me on anything you know I should research for small business owners. Once again Thank you for your support and involvement with my blog.

















































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