Steps To Having A Successful Home Business - Part 4

All you need to do for registration is to complete IRS Form SS-4 which is the application for Employer Identification Number and file it with the nearest IRS Center.

STEP #10 GET A TAX PERMIT FOR THE BUSINESS

Abide by the law and file your taxes. If the product or service you sell is taxable, you would have to need a tax permit indicative of your state sales. The local tax agency in your area can help you out and send the necessary information and forms to complete. Give them a call, explain the type of business you have and what you sell, leave the rest to them.

STEP #11 OBTAIN LICENSES & PERMITS

It’s very important not to overlook any necessary license or permit. For example, some cities and counties require a general business license, and most have special laws regarding the preparation and sale of food.

Call City Hall to find out what is need for your particular business. In addition, Chamber of Commerce provide information on city, county and state licenses and permits.

STEP #12 SELECT THE BEST NOVELTY ITEMS

Business cards, stationery and brochures must not be overlooked, they can make or break your reputation. They make a definite impression-good or bad- on the people who receive them. Be selective when it comes to color, design and paper type for these office novelty items.

STEP #13 OPEN A BUSINESS CHECKING ACCOUNT

Call several banks to find out what services they offer, and what minimum balance, if any, must be maintained to avoid paying a service charge. Also ask about credit card if you plan to offer this convenience to your customers. Bank fees can be significant, so shop around for the best deal. If your personal checking account is with a credit union, see if it can also provide a separate business account.

Posted on: Workspace

News by category

Steps To Having A Successful Home Business - Part 4

Related articles

Recent Posts

News archive