Inspiring Cosmetology and Barber Entrepreneurs

Getting started and staying consistent may seem to be the most challenging for upcoming cosmetology and barber entrepreneurs. We at Juneteenthsc, have also been through some pretty tough times; and we are still standing. How? Well, we started by ensuring that our first corporation, our household, was established with a solid foundation of having proper identification. Consider the information below and let us know what is missing. We would love to hear from you!

To establish a solid foundation for our first corporation, our household, we ensure that everyone has the necessary documentation to establish their own identity; board a continental flight, board an international flight, open a personal bank account, open a business bank account, purchase whole/permanent life insurance, structure a business or an estate, attain/sustain/bequeath wealth and vote.

11 Days old, 5 years old, and 18 years of age and upward; should have the following documentation to date:

1. Birth certificate https://www.usa.gov/replace-vital-documents 2. Social security card https://www.ssa.gov 3. Passport (book) https://www.usps.com/international/passports.htm 4. State issued identification card (must include an expiration date and current address) Ages 5 and upward qualify

https://www.scdmvonline.com/Driver-Services/Identification-Cards

5. Life Insurance whole/permanent (no less than $50,000 for under 18 years of age and over $100,000 for 18-25 until the amount equals at least 19X a salary). Here are a few providers we found. Please consult with your financial advisor and your family to ensure you are purchasing the right product for you:

https://www.cunamutual.com https://www.navyfederal.org/investmen t-services/life-insurance.html https://vystarcu.org/personal/insure/fam ily-protection/life-insurance 6. Voter registration card https://info.scvotes.sc.gov/eng/ovr/start.aspx

Males (register with the Selective Service System (SSS)) https://www.sss.gov/register/ We review this information often to ensure that all documents are valid and current, and that the names are listed in the same manner and with the same spelling throughout all forms of identification.

Model "Nikita"

How are we doing so far? Do you have any questions about the information listed above? If so, please contact us at Juneteenthsc; we would love to hear from you!

Now that all of your household have the necessary documentation to establish their own identity, your business may now proceed with establishing its own identity.

1. Decide how you will be taxed: https://www.irs.gov/businesses/small-businesses-self-employed/business-structures. Most of our clients who are entrepreneurs choose to be taxed as a Sole-Proprietor (https://www.irs.gov/businesses/small-businesses-self-employed/sole-proprietorships) or as a Limited Liability Company/Disregarded Entity (https://www.irs.gov/businesses/small-businesses-self-employed/limited-liability-company-llc)

2. Apply for Employer Identification Number: (https://www.irs.gov/businesses/small-businesses-self-employed/employer-id-numbers)

3. Open a FREE business checking account (Please have your Employer Identification Number letter, Articles of Organization, and registration certificate to open a business account). Here are a few free business checking accounts we found:
   

   1. a) First Citizens Bank

   2. b) First Horizon

   3. c) Citizens

Read More In this current age of technology there are various ways to learn how to be successful in the Cosmetology and Barber Industry. “For precept must be upon precept, precept upon precept; line upon line, line upon line; here a little, and there a little:” -Isaiah 28:10 kjv

Attend a business workshop in-person or online

A. Internal Revenue Service (Small Business Tax Workshops, Meetings and Seminars)

B. South Carolina Business One Stop

We hope this information can get you started! We at Juneteenthsc know by experience, how roads seldom traveled, can appear to be impossible. We know, beyond a questionable doubt, that if we simply place one step in front of the other, we will walk.