Need by 4:00 EST on Monday- INTRO TO BUSINESS COURSE

Running head: COMPANY DESCRIPTION 1

COMPANY DESCRIPTION 3

Company Description

Toni Stewart

Rasmussen College

Author’s Note

This project is being submitted on July 18, 2015 for Professor Tollefson’s B136/GEB1011 Introduction to Business course.

The business that I have decided to open is a video game/board game store. The name of my company would be PRESS START. The location of my game store would be in my hometown of Oceana, WV. There is nothing like this here, and the closest video game store is an hour away. The reason I chose this business is because my family likes playing video games. We have at least 2 of each console starting with the PlayStation 1, except the new Xbox One Console. We have 3 of this type console so that we can each play our games without interfering with one another.

The products I would carry in my store are video game consoles, such as Xbox 360, Xbox One, PlayStation 3 and 4, etc… video games (new and used), computer games, game accessories such as headphones, adapters, controllers, etc… board games and strategy games. I would also carry some comic books and comic book action figures. Two or three nights a week after closing we would have game nights with strategy games, and maybe a video game competition once a month.

The structure for my business would be Sole Proprietorship because this is the easiest and least expensive way to start my business. To start a Sole-Proprietorship business in West Virginia, I only need to obtain a business license. I also need to file a trade name with the Wyoming County Clerk’s Office because my company name is something other than my legal name. (Nolo, 2015) I will also need an Employer Tax Identification Number (EIN) if I am going to hire any employees, if not then I can just use my Social Security number to report taxes. I should not have to worry about building permits, zoning clearances because I would be using an existing building.

References

NOLO. (2015) How to establish a sole-proprietorship in West Virginia. Retrieved from

http://www.nolo.com/legal-encyclopedia/how-establish-sole-proprietorship-west-

virginia.html