This post is nothing more than a brief status update on the newly formed bGreen Group LLC. We've had a lot going on in the last few weeks, and this seems to be a good forum for updates.
First, in case you missed our previous posts, we are officially an LLC now. You can read all about that here, and if you want to read about how we were almost not an LLC, you can read about that here.
Today, we took the next step in corporate reality and got our EIN, or tax ID. This is a relatively simple task, however, as we're learning, nothing goes off without a hitch. We had one small question related to how we wish to be taxed. As an LLC, you can opt to be taxed as a Partnership or as a Corporation. After a quick call to our accountants (which apparently interrupted a golf game), we were informed that we should file to be taxed as a Partnership. Perhaps when we learn more about the difference, we can do a follow-up post. But for now, we're just going with what the experts tell us.
The next step for us is to setup our banking, and we're working on setting up meetings with various bankers in the Boston area. We're looking at Sovereign, Citizens, Bank of America, and Chase. If anyone has comments or experience with any of these banks, please let your thoughts in the comments section.
Our website launch is slated for early next week. We are literally putting on the finishing touches, going over the copy, and trying to figure out what anyone puts in the "terms of service" and "privacy" sections that you see on the bottom of every web page. We've been to the Apple store countless times to make sure the site looks good on every size monitor, up to 24". We're really focused on making sure the user experience is enjoyable, easy, and informative. The more we read about what makes successful sites, products, and companies, the more we realize it's all about user experience. As recently as last night, we saw two companies, Zappos and Amazon, that provide the pinnacle of user experience, join forces. From a small business standpoint, we're excited to see what the two can do when their forces are joined. It also gives little companies, like ours, a hope of one day being acquired for $800+ million dollars. Yeah, that would be nice.
We've been networking like crazy, trying to meet as many Boston-based people as possible. We're dead set on making sure that we are a leader online, but also a leader in our local community. We had a great meeting with Nicole Keane of F. Rock Bags. Her bags are made locally, are completely customizable, look great, and are a pretty good deal. We even ordered a couple for ourselves. We'll post pictures of them when they arrive. We're really excited about working with great people like Nicole, and if they're based in Boston, that's just an added bonus. Over the next two weeks, we've got meetings set with bankers, a big-wig in the community service field, a developer, and hopefully one or two other networking meetings. We saw the great folks at Nexus Boston the other night at the showing of "The Greening of Southie" at the Coolidge Corner Theatre. Great movie, very educational, funny, and it's always great to see the think Boston accent on the big screen. If you have an opportunity, be sure to check out this film.
These are exciting and busy times at bGreen, and we'll be looking to blog and tweet more frequently as we get going. Stay tuned.
No comments:
Post a Comment