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What documents are required to start up a new business? |
I am looking to start up a pet supply shop and need to now how to get the documentation going. What sort of forms are required? It is a partnership business. Thanks. I would organize the business as an LLC to protect your family's assets. Register with the state (check their site for details). Apply for an EIN (Employer ID Number) also called a Tax ID number. If you do it by phone it's faster than by mail or fax. Find out if you need a local or county business license. I only needed a dba (doing business as) form to be filed in my county (but I operate my business from my home). Then, apply for a Sales Tax ID number as you'll have to file regularly, usually quarterly, and notify the state of your sales tax collected. I read on the e last night you should have 6 months rent saved back and not have to owe out .Have legal documents to rent .Dont expect to boom for like 2 years .Figure out all your expensives first.Remodeling fees and phone ,electric gas ,advertising is a big expense. |
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