Establish a Business Identity
Obtain Business Permits
Obtaining a small business license is one of the first things you do when first starting a small business. Actually, there are about five or six legal actions (or pieces of paperwork) that you need to accomplish to properly establish your business identity with the government. Without them the federal, state, and local governments may not rega...rd your business as legitimate. Similar procedures are required in other countries too. For most states in America, the main business permit requirements are:
Obtain a business license at your local city hall.
Register for state tax and get a state sales tax ID number; register your business name.
Register for federal income tax and obtain a federal ID number.
All this may seem like a big hassle to you, but is necessary, the permits are not expensive or hard to obtain, and having them could avoid difficulties for you in the future. For example, without a business license you may have problems taking deductions on state and federal tax for small business expenses. After you obtain your business permits, your ready to Go!
Obtain Business Permits
Obtaining a small business license is one of the first things you do when first starting a small business. Actually, there are about five or six legal actions (or pieces of paperwork) that you need to accomplish to properly establish your business identity with the government. Without them the federal, state, and local governments may not rega...rd your business as legitimate. Similar procedures are required in other countries too. For most states in America, the main business permit requirements are:
Obtain a business license at your local city hall.
Register for state tax and get a state sales tax ID number; register your business name.
Register for federal income tax and obtain a federal ID number.
All this may seem like a big hassle to you, but is necessary, the permits are not expensive or hard to obtain, and having them could avoid difficulties for you in the future. For example, without a business license you may have problems taking deductions on state and federal tax for small business expenses. After you obtain your business permits, your ready to Go!
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