Sunday, May 15, 2011

Getting to Business - To the Accountant

When Richard did personal tailoring for men at seminary 25 years ago the rules must have been dramatically different.  Granted, we were living in a different state, but today tax practices have intensified the money end of running a personal home-based business.  Wanting to be cautious and above board, we made an appointment with an accountant to help us set up reliable and simple record keeping.

Molly Malone, our accountant, graduated from high school with Richard.  I have been greatly honored to have met Molly many times over the years and have sincerely enjoyed her.  Now I feel empowered by her sound advice.  She is helping us submit the federal and state papers to acquire the necessary numbers and permits to do business with integrity and legal compliance. We will be known as an L.L.C. which means Limited Liability Company.  As a married couple it is the most efficacious way to go. Therefore, I am disciplining myself to always write Man of the Cloth, L.L.C. when I am formally speaking of business.  

Back to business... Molly has clarified current business and tax record keeping so that we feel empowered to equip the business for production and integrity.  Our plans are to purchase a stock of standard fabrics Richard can use for producing robes of various weights and fashion.  That goal has created a challenge. Fabrics are not as readily available as in decades past. 

Last Tuesday we were in St. Louis all day searching location to location.  One national chain store had marginal quality fabrics for premium prices. Another store was not a traditional store.  The woman at the desk said, “We only sell online. If you have the product number I can enter your order for you.” Finally, a locally owned fabric store had premium fabric for premium prices. Another locally-owned merchant had very no fabrics that would work for ecclesiastical garments unless the pastor would want to be a drag queen in satins and taffeta – it only supplied bridal fabrics.     

That dismal search has led us to the internet where we are not exactly impressed with our findings.  We are ordering samples of fabrics and continuing our search.  Meanwhile, we will work with the St. Louis shop with the premium fabrics to get started.  Next Tuesday, we are back in the city for a doctor’s appointment and a buying trip.  Hopefully, we will have more info later.  

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