The lash Blog
Journey with us as we expand our business. We will share Tips & Tricks with Lash Extensions,plus how to run your own business. Check back every week for new info!
Let’s set your lash business up for success! Make sure your business is legal and ready to run smoothly by implementing the information below.
1. Set up a business name and register it with your state. You can set up your business as a sole proprietor, Limited Liability Company (LLC) and Corporation. Need help with these steps check out Legal Zoom. You will then get a State Tax Number or EIN, this is like your social security number for your business. Then when you have your state ID number or EIN take it to open a bank account.
2. Open a Bank Account specifically for your business. I highly recommend to open 3 accounts. One for the income of your business. The second for putting money aside that you think you’ll use for paying taxes. The third account would be you your savings to use to continue to build the business. It’s extremely important to keep your business and personal finances separate, especially when it comes time to sort taxes.
3. Policy’s. Did you get paperwork and policy information in your lash training? In the Ida Jane Training, Morgan gives you her policies and paperwork to set you up for success. Before you ever take a client or model you need to have policies, boundaries and paperwork set. Understand the policies you have in place for accepting payment, form of communication, medical forms, cancellations, Covid, photo releases, etc.
Let’s get your lash business legal and ready to rake in the dough. Do you have your pricing structure set up and understand how much to charge?
Morgan McGrath, Owner and Founder of Ida Jane. Ida Jane’s goal is to inspire eyelash artists and make lash life fun! We are lash ARTISTS who educate and make the lash world a better place!