Ovel, LLC

by Gig Girl on March 24, 2010

Friday was a big day in the House of Gig(less)!  As I opened the mailbox, I found all the state certified documents for my newly formed business.  I am officially the sole proprietor of the newly registered Ovel, LLC.  Essentially, Ovel is an OVerhead ELimination (get it, Ovel? Scott and I came up with that two glasses of red deep at a pub in VT.  Not bad, right?) resource that enables companies to outsource administrative tasks (support, marketing, sales leads, personnel, etc.) remotely at an hourly rate without having to absorb unnecessary expenses related to adding staff (office space, fringe benefits, free coffee and the like).  The Sweatpant Entrepreneur has a new title – Sweatpant CEO!  Now THAT would look good on a business card…

But I digress.  The point of this post is not to brag, but rather to inform.  For anyone considering starting their own business in NH (although most states have similar resources so be sure to check online) I hope this saves you a few steps.

1)     Don’t pay (a lot) for it: That’s what my good friend, Jen told me when she heard I was talking to lawyers and researching online legal services to generate the state paperwork.  Legalzoom.com had a base price of $250 (that includes the NH state fee) and a “Golden Expense Package” that would run $450 with the state fee.  Even though an “Official Company Seal” from Legalzoom.com might look sweet in my home office, I simply couldn’t justify the extra expense.  For my one person operation, I called the main office of the NH Small Business Department, confirmed the two forms required for creating an LLC (other business models may require different forms) and easily located them on their website (http://www.nhsbdc.org/).  Once I filled in the very straightforward information, I mailed them to the state with a check for $100 (which I’m thinking counts as a business expense?).  Two weeks later I received my Business ID.  A quick hit to the IRS website (http://www.irs.gov) to fill out an online application for my EIN Number (which was received immediately) and I am officially in bidnezzzz!

2)     Take advantage:  The State of New Hampshire offers a lot of free resources to small businesses including several free online courses at http://www.nhsbdc.org/eLearning/Index.html.  These cyber classes include topics such as how to start a business, marketing, finance and even a template for creating a business plan (yes, I’m still working on mine!).

3)     Get advice:  Another free service offered by the Granite State is free business counseling for all new small business owners.  The state will find a counselor for you in your area and coordinate an appointment where you can bring your business plan, questions and essentially pick the experts brain a bit.  My appointment is on April 15th.

So there you go.  Creating the business proved super simple.  Generating clients and enough revenue to sustain my little one person shop remains to be seen.  Stay tuned…

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{ 5 comments… read them below or add one }

Kristin March 24, 2010 at 11:04 am

Don’t get all “productive” on me Gig-girl! There are beers to drink before the school bus arrives!

Gig Girl March 24, 2010 at 11:15 am

HA! No worries, hydration is still at the top of the priority list!
Which by the way I thought of as the school bus drove past me yet again yesterday…

Jill March 24, 2010 at 4:10 pm

Congratulations! And YES the $100 is a business expense! I don’t know if you have it in you, but keep track of EVERYTHING you spend, personal and business-wise, you would be surprised what you can write off to business especially if it is a home business. I just closed my business in December and will miss some of the write offs. Also, the $300 we spend every year on the accountant who does our taxes done is the best $300 ever spent – and its a write off!
Heck, that pre-bus beer could count as a write off if you and Kristin are “discussing business!” :)

Gig Girl March 24, 2010 at 5:04 pm

Good to know on the $100! I’ll print out a copy of the check for a receipt. And thanks for the heads up to track everything…I gotta make sure I do that.

Gig Girl March 24, 2010 at 5:06 pm

And great tip on the pre-bus beverages!!! Kristin is a biz owner herself so I’ll make sure she knows too :)

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