Business from Home
While every business may not be subject to all the requirements provided, carefully read the information provided by your respective city, county, state and Federal government. Many requirements stem from the legal structure you choose for your business; the type of business you are starting; the estimated revenues anticipated; the number of employees; and the physical location of the business.
All operating businesses are subject to a number of tax obligations, permit and license requirements, zoning restrictions and other laws at the city, county, state and federal government levels.
As a future business owner, begin by learning what your obligations will be BEFORE opening your business. After learning the requirements, secure the forms, apply for the licenses and registration numbers and identify all the costs. These costs are not only part of a business’s start-up expenses but also an ongoing cost of doing business. So, place these expenses in your yearly operating budget and create a calendar of dates when the taxes and licenses are due for renewal and payment.
Table of Contents
Table of Contents………………………………………………………………………………………………………….. 2
Learning Objectives………………………………………………………………………………………………………. 3
Obligations to Start and Operate…………………………………………………………………………………… 3
Sample Home Occupation City Ordinances ………………………………………………………………….. 4
Forms of Organization and Registration………………………………………………………………………… 7
State and Federal Tax Requirements ………………………………………………………………………….. 11
Helpful Publications from the IRS ………………………………………………………………………………… 15
Specialized Professional Assistance …………………………………………………………………………… 16
Business Insurance Needs ………………………………………………………………………………………….. 17
Information Resources ………………………………………………………………………………………………… 18
Market Research …………………………………………………………………………………………………………. 20
Marketing Your Business …………………………………………………………………………………………….. 24
The Business Plan: How to Write It……………………………………………………………………………… 34
Keys to Recordkeeping Success …………………………………………………………………………………. 37
Cited References ………………………………………………………………………………………………………… 37
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More reading: http://www.missouribusiness.net/sbtdc/docs/hbbook.pdf
Posted on Wednesday, December 29th, 2010 at 8:03 am in New Business | RSS feed
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