Starting a Business? – A few Tips on Doing it Legally
If you are planning on starting a business it is imperative to have all the legal paperwork done.
Let’s take a look at what needs to be covered in order to have a legal business entity.
Firstly, you need to have a company license, a house profession license, if running your company from house, a city or county license, (depending what State you live in). However, if you are not using your name as the company name and you want to register your business with a fictitious name you will have to register it appropriately.
When opening a business in your residence, extra info is needed. Some companies need more than a city license to be completely accredited. Kindly check with your regional city & state office for comprehensive details.
While there are many businesses who are running “under the table”, so to speak, It is advisable not to do so. If you are just thinking about selling a few things from your home, do not worry too much, as you should not have any tax liability for selling your very own belongings. Nevertheless, if you begin a company to make some money, you have to take a look at the legal aspects of running a business. Ultimately, those who operate under the table will fall into trouble.
If you are running an internet company, it is not as anonymous as some people might think. Keep in mind, the government created the Web in the first place! They understand …