BUSINESS TODO LICENSE
TIP: Click here to learn more and to file your business license online. This is a license granting the company the authority to do business in that city/county. Most Cities or Counties require you to obtain a business license, even if you operate a home-based business. Sales tax permit forms can be obtained from our partner here. TIP: Many service businesses that do not sell a physical, tangible product are NOT required to collect sales tax, ask the State taxation agency for details/clarification. This is usually accomplished by obtaining a State Seller’s Permit or Resale Permit.
If your company sells physical products within the state where it does business, you may have to collect and pay sales tax. an accountant is familiar with the licensing requirements for accountants). TIP: Most people engaged in the types of business that require a special State License or Permit are already aware of the requirements (i.e. For example, most states require special licenses to sell: Contact your state licensing authorities to determine the licensing requirements of your business. Some state licensing requirements are based on the product sold. State Licenses and Permits based on products sold. Laws vary from State to State, however, if you are engaged in one of the following professions, you should contact the responsible state agency to determine the requirements for your business: Some occupations and professions require a State license or permit. Selling alcohol, tobacco or firearms ( ).However, if you are engaged in one of the following activities, you should contact the responsible Federal agency to determine the requirements for doing business: Most businesses do NOT require a Federal license or permit. Federal Permitsĭepending on the type of business you are in, you may need a Federal license or permit. Also, make sure to arrange for utilities and office furniture. Contacting a commercial realtor in your area can be helpful. Lease Office, Warehouse or Retail Space (if not home-based)ĭepending on your type of business (retail, office or warehouse), arrange for office space to be leased. TIP: Contact the bank prior to opening the account to see what their specific requirements are to open a business checking account some banks’ requirements are fairly simple whereas some banks’ requirements are extremely complex.
Select a bank and open the company bank account. TIP: If you use our Incorporation or LLC formation services we can obtain this on your behalf. A FEIN will be necessary to open a bank account or process payroll. If you are setup as a Corporation, LLC or Partnership (or a sole proprietorship with employees), apply for a Federal Employer Identification Number (FEIN) from the IRS. Obtain your Federal Employer Identification Number (FEIN) If you haven’t already, prepare at least a preliminary business plan.
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