Inventing!

[Kemb]

Hey, I am talking to a manufacturer for a plush teddy that i am wanted to get manufactured. But this is my first invention and don't know what i need to do. I have designed this item and the manufacturer will supply and distribute it for me.

But before i can start selling them to retailers is there anything i need to do.

Am i going to need to register a company for this product?
Do i need an accountant for this product?

If there is anything i need to know thats really important, please tell me.

Thanks

Danny Morgan

[BOG]

Sounds like you have your wagon on front of your horses.

If you're serious about this venture, you should set up your corporation before doing any commerce. No retailer with d business with you without it. You will also most likely need to purchase insurance.

I don't know the situation of your manufacturer, but I myself would not be having the manufacturer distrubute for me. Just like I don't want my dentist doing my annual physical.

If you're going to be in retail, you'll need a UPC code too.

[BusinessAdviser]

Sounds like you have your wagon on front of your horses.

If you're serious about this venture, you should set up your corporation before doing any commerce. No retailer with d business with you without it. You will also most likely need to purchase insurance.

I don't know the situation of your manufacturer, but I myself would not be having the manufacturer distrubute for me. Just like I don't want my dentist doing my annual physical.

If you're going to be in retail, you'll need a UPC code too.

"Set up your corporation?" Why? Why are you advising this entrepreneur that they need to set up a corporation?

[BOG]

"Set up your corporation?" Why? Why are you advising this entrepreneur that they need to set up a corporation?

No reason.

[rogercbryan]

Kemb... what exactly do you want to manufacture? Is it going to be a teddy (lingerie) or a teddy bear? I'm just trying to get an idea of what you are trying to do... Sorry.. sometimes I'm a little slow..

[harrymcwealth]

There's nothing you need to do right now really, besides collecting and paying taxes. Later on you'll have to register for revenue accounts with the government when your sales exceed a certain amount.