Is it even legal to run a business out of my apartment? I know that a tax certificate says "This Certificate Must Be Prominently Displayed At Your Place of Business" What if my business is run from home? Is it legal to list my apartment as my business address? Please, any answers would be appreciated.
2007-04-02 14:39:43 · 6 answers · asked by The Don 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
You have two separate issues here.
1. Yes, you must get a sales tax ID number and collect and remit sales taxes.
2. You may or may not be able to operate your business out of your apartment. Your lease may prohibit it and the local zoning laws may prohibit it.
2007-04-02 16:56:21 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
It kind of depends on what kind of business you are running. If you are buying and selling merchandise you need a merchant's certificate issued by your state and you will probably need to charge sales tax. Yes, you can run a business from your home depending on your local zoning laws and how your neighbors feel. If there is a constant parade of customers and lack of parking they might complain. However, if you have an internet business that you operate with only your computer and the mail, then you should be ok. Then you would not charge sales tax, but pay income tax on your earnings on Schedule C as a sole proprieter. You then would also be able to deduct expenses required to run the business. I suggest you go to Irs.gov and pick up a Schedule C and read the rules about filing it.
2007-04-03 08:28:02 · answer #2 · answered by Anonymous · 0⤊ 0⤋
if you are buying and reselling products/services you must have a sales tax registration, unless you like legal trouble.
as for the apartment thing, list your address most states never send some to look.
as for the apartment manager/lease, unless you have foot traffic to the apartment they will never know. it is only temporary till you make enough to move up and out.
the only hassle you might have is with getting products delivered to the apartment, if so get a mail box store address for deliverys.
2007-04-02 14:54:56 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It expenses on usual $17,000 a three hundred and sixty 5 days to pay for a baby to bypass to college in a public environment. once you're paying greater suitable than that throughout the time of taxes a three hundred and sixty 5 days, then confident bypass forward and whinge. yet do no longer overlook to count huge sort police taxes, firemen taxes, highway taxes, and so on. Your funds, in case you're no longer a intense earner, would not quite matter huge sort for many. till you're wealthy, supply up complaining. And illegals do pay taxes, no longer all of them yet some do.
2016-10-02 02:05:35 · answer #4 · answered by gazdecki 4 · 0⤊ 0⤋
yes if you are required to collect tax you need tax registration. you can run a business from ur outhouse it is free enterprize in USA.
2007-04-04 15:54:37 · answer #5 · answered by Dotr 5 · 0⤊ 0⤋
Not illegal, but might be against your rental agreement.
2007-04-02 14:43:55 · answer #6 · answered by greg s 2 · 1⤊ 0⤋