Starting a Small Business

Starting a new business is enough of a headache without having to worry about getting into tax trouble. There are a number of federal, state and local taxes you may be responsible for either...

One of the first, not so exciting challenges faced by new entrepreneurs is that of having to secure the necessary business licenses and federal ID number. What follows is a list of some of the...

From animated features to original pictures, an increasing number of new movies are released direct-to-video, and the delivery time from the big-screen to the local DVD bin is shrinking. Both are...

An important consideration when starting a business is the formation of its legal entity. When there is more than one person involved, many struggle with the decision of whether to incorporate or...

If you are good at home remodeling projects, then you may want to consider starting up a handyman business. Starting any kind of business requires a great deal of work and research, and starting a...

In 1986, Congress created the Alternative Minimum Tax (AMT) as a way to help ensure everyone paid taxes equally; however, over the years, this benefit has eroded. If you have a large number of...

If you have training in tax preparation, starting a small business providing tax planning and preparation services is relatively easy. If you have not gone through a tax preparation course, you...

In order to obtain a tax ID in New York City, one must apply for an Employee Identification Number (EIN) which is also known as a Federal Tax Identification Number. The EIN acts as a tax ID and is...

A 501(c)(3) business entity is alluring because it is tax-exempt from the Internal Revenue Service. To obtain 501(c)(3) status, the business must fall under one of the requirements in the statute,...

The Ohio Secretary of State keeps a list of all registered businesses in the state. You should register a unique business name if you are planning to do business within the State of Ohio and don't...

All business types have advantages and disadvantages. Often, the advantages involve the ability to raise capital or reduce taxes. Sole proprietorships are easy to establish and offer the most...

Limited-Liability Companies (LLC) is a state-mandated business entity that combines features of corporations and partnerships. LLCs are a newer form of business ownership and are useful for many...

If you are planning on starting a small business you'll need to make sure you have all the licenses and permits required. Exactly which licenses a business needs depends on state and local laws...

The legal requirements you must meet to open your business vary, depending on the location of your business and the type of business you're opening. For example, if you're opening a business where...

When you form a limited liability corporation, your business will enjoy significant tax advantages. In addition, you won't be required to have meetings or complete annual reports. Forming an LLC...

A video arcade or family entertainment center can be a fun and lucrative business opportunity. If you have a passion for games, starting a video arcade may be your calling. Arcades are relatively...

You did the research and developed a business plan with promotional and financial strategies for your business success. You are ready to take the leap. Now what? Make sure you are legal. Before...

When starting a business, one of the hardest decisions you will need to make is where to incorporate. Many times, it makes perfect sense for a business to incorporate in the state where the owner...

When purchasing a home, property taxes can increase your housing expenses by a couple hundred dollars each month. Property taxes can vary depending on the location of the home. A difference in tax...

A limited liability corporation, or LLC, is a way for smaller businesses and self-employed individuals to have some of the advantages of larger corporations while protecting their personal assets....

Many people end up in the construction trades and branch off to start their own business. But doing it right requires some planning and business sense. Here are ten tips for starting off on the...

A resale license is an important part of setting up your business, because it allows you to sell your product and collect sales taxes. You will need it to do business with other businesses.

Starting a small business requires planning and research. You should understand all aspects of a specific industry, including the business potential and current competition, and estimate what the...

Small business books are easily set up in very little time. The key to setting up your books is to think about your needs. Every small business is different, but as the owner, you need to be your...

Applying for credit cards using a tax ID number is an option for new business owners as well as those who have bad personal credit. Given the current economy, a lot of people are becoming...

You will need to obtain a sales tax number if you sell anything to anyone else and your state charges sales tax. This is really a fairly simple process though if you know what to do.

Starting a business can be an exciting time, but it can also be overwhelming. There are so many things to consider beyond just what your product is and how you are going to get consumers to...

Entrepreneurs who start a small business frequently structure the business as a partnership. A partnership structure provides business owners with several advantages that are not available to...

Setting up a small business requires that you pay taxes, and for that you will need a tax ID issued by the U.S. government. This ID number, also known as an EIN, can also be used for making...

A lot of steps are involved in starting a new business. Most of them involves dotting the "i's" and crossing the "t's" on all paperwork filed on a federal, state and local level. The Articles of...

Sole proprietorship is a business structure for individuals who work for themselves, often on a freelance basis. Although it does not require formal incorporation, start-up costs or separate tax...

If you are in Kentucky and need to start and incorporate a business, there are some steps to follow. Much like in other states, you must have a business plan, capital and a proper business...

Starting a small business in Canada is much the same as starting a business anywhere in the world. There are certain steps that you must follow before you start to do business. What are these...

New businesses are licensed at the state and local level. As a result, the specific licenses and permits vary depending on your location. The type of business matters as well, since some...

So you’ve decided to strike out on your own and go into business for yourself, or at least start one with a few close comrades. What do you do next? First, take a deep breath. Starting your own...

Becoming a tax preparer is easier than you might think. You really just need to become well versed on the basics of taxes, forms, IRS rules and regulations, and filing requirements. From there it...

Incorporating a company creates a new legal entity in the eyes of the state in which it is formed. That status as a legal entity offers a number of advantages when compared with a partnership or...

Do you want to stop giving your social security number online? Do you Earn money online and your social security number is required? Get a Tax Identification Number for free and protect your privacy.

The incorporation of a non-profit entity carries several benefits unavailable for sole proprietors and partnerships. Non-profit organizations are eligible for 501(c)(3) tax exemption on state and...

Starting a gardening business is similar to starting any other small business, but you must first decide what type of gardening business you intend to operate. Landscaping services vary greatly...

The state of California has been tagged with a negative reputation in recent years by small business organizations. California's budgetary woes have led to increased corporate taxes and other...

Selling jewelry is a lucrative business since some there are pieces that sell for thousands of dollars and retain their worth for hundreds of years. While you may not be selling high-priced...

So you have decided to start a Non-Profit organization. Great! Here are some quick steps to get you started.

It is important to understand tax laws and regulations when it comes to conducting business from your home. Working from home gives you great flexibility, but handling the tax side of the business...

If you're interested in starting your own business, accounting is a great choice. People will always need someone to help keep their finances organized. With the tax codes getting more complicated...

This artical will walk you through starting your own cleaning business along with some very helpful tips.

Municipalities that issue business licenses often charge a nominal amount, usually in the range of $20 - $50, to license a business. This fee proves to the municipality that the business owner is...

Whether you want to run a retail business or operate a franchise, opening a business in South Carolina takes some preparation. You'll need to explore the market, determine if you need a business...

A tax business offers tax planning and preparation services to individuals, couples and commercial clients. This type of business can provide you with a lot of seasonal income. However, if you are...

Income tax businesses can be a great option for people interested in a lucrative seasonal business. These businesses do an amazing amount of business between January 1 and April 15; however, the...