Running the Business · Part 1
Setting Up the Business
10 lessons
Entity choice, the money setup, city licenses, the insurance stack, the sales tax rule most plumbers get wrong, and the taxes that come due every quarter.
Lessons in this module
- 1The entity is a one-way door: why you decide sole owner, LLC, or corporation before the license issues 8m
- 2Sole owner vs. LLC vs. S corporation for a plumbing contractor: liability, tax, cost, and the small claims limit 12m
- 3EIN, the business bank account, and separating the money: the first bookkeeping setup that survives an audit and a lawsuit 10m
- 4City business licenses: every city you work in, the Los Angeles business tax, and the seven-day rule 9m
- 5The insurance stack: general liability, commercial auto, the bond, and workers' comp. What each covers, what each does not, and who will demand it 12m
- 6Sales tax for contractors: materials vs. fixtures. The CDTFA rule most plumbers get wrong 12m
- 7Quarterly estimates, self-employment tax, deductions, and mileage: the tax calendar for a first-year contractor 12m
- 8Hiring readiness: what has to exist before the first helper's first day 10m
- 9Template: the business setup checklist, from pass letter to first invoice 6m
- 10Template: the insurance requirements matrix. Who demands what, and the certificate that satisfies each one 6m
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