7 Steps to Starting a Business - Part 1

Here's a really simple way... to start your business.

Remember it is a perfect time for home work 

business opportunities. 


If you are starting a business, you will need one or more

business licenses and tax ids. After reading this article

you will know what business licenses you need to start a

business.



First, regardless of the business you are starting, you

will need a business license.



There are some businesses that don't need one but that's

only 1% or less compared to the percentage of businesses

that need a business license. So, regardless of whether you

business is a home-based business, an online internet

Web home work business, a contractor's business, 

or a professional's business, such as a doctor's medical 

office, you need a business license. 

The business license requirement is a

requirement in addition to a required license you might

need from the state if you are a professional such as an

attorney or hairdresser. Depending on the location of your

business, or the type of business, the business is filed at

the state, county or municipal level of government.



Second, if you using a business name that does not include

your last name, you need to file a DBA (Doing Business As).



If your business name includes you last name but also

includes a suffix such as "& CO" or "& Associates" or

anything that denotes additional business owners, you need

to file a DBA. You can also file a corporation or LLC

instead of filing a DBA, but that may be a little more

expensive. However, even if you file a Corporation or LLC,

and the corporation name or LLC name is different from the

business name you will use to conduct business, you need to

file a DBA.



Third, if your business sells or leases taxable items or

services, you will need to obtain a state sales tax id

number (also called a seller's permit, wholesale license,

retail license or resale permit).



You will need a sales tax id number to buy wholesale, or if

you are a wholesaler, you will need it to sell wholesale.

For example, if you have a toy store, you will be able to

buy wholesale without paying any taxes for the toys to the

wholesaler and, subsequently, charging taxes to your

customers when you sell the toys.



Fourth, if you will hire employees, you will need to obtain

a federal employer tax identification number as well as a

state employer tax identification number.



These numbers are required if you are an employer.

Employment taxes are paid both to the federal and to the

state government.


See Part 2

File all required business licenses for your business and

start making money!

This article has been edited and abridged into two parts by the editor.



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Elias Stassinos, Esquire is a trademark and incorporation

attorney that has assisted thousands of small business

owners and entrepreneurs launch their first business

enterprise. Visit his law firm Website:

http://www.stassinos.com . Attorney Elias Stassinos,

Esquire is also a corporate legal

counsel for the leading online legal filing service at

http://www.businessnameusa.com .