Starting a Business in Hawaii
Starting a Business In Hawaiʻi -facilitated by Hawaiʻi SBDC, Maui Center
This webinar is for prospective and new business owners and introduces the fundamentals of starting a business in Hawaiʻi. What defines a business; what planning is required for success; what registrations are required to "legally" conduct commerce in the state of Hawaiʻi?
FUNDAMENTALS OF STARTING A BUSINESS IN HAWAIʻI ARE YOU READY? • What it takes to be in business and Business Idea Checklist • Business Planning REGISTERING YOUR BUSINESS • Forms of Organization—(Sole Proprietorship, Partnership, Limited Liability Company (LLC), Corporation—”S” or “C” or “B” ) • Register Hawaii Organization with DCCA • Federal (IRS) business tax ID number -also called your Employer Identification Number (EIN) • Beneficial Ownership Info Registration with FINCEN (new federal requirement) • Basic Business Application Form BB-1 -General Excise Tax -What is Hawaii’s General Excise Tax (GET)? • Federal and state licenses or permits that you may need • Business Federal Tax Considerations: -Income Tax -State & Federal (estimated tax requirement) -Social Security / Self-Employment Tax
Speaker(s): Wayne Wong, SBDC Maui Center Director & Business Advisor. Wayne is a “recovering technologist” with over 30 years of Information Technology experience. Based on Maui, he currently focuses on economic development by small business and utilizes his entrepreneur expertise enabling small businesses to start, grow, and thrive.
Co-Sponsor(s):
This is a non-refundable workshop unless Hawaii SBDC Network cancels. Pre-registration required at our website www.hisbdc.org. If payment not received at the time of registration, it will be cancelled automatically! Attendees will be emailed a meeting link to participate online via Zoom.
Fee: $ 15.00
We accept MasterCard and Visa. No Cash Payments. Payments must be made immediately during registration! The fee is non-refundable unless the event is canceled by Hawaiʻi SBDC.