When do I need to register my business? How much profit can I accumulate or how long can I be in business before doing this? What are the repercussions or benefits if I do not register?
2007-05-30 03:11:55 · 3 answers · asked by londam2 2 in Business & Finance ➔ Small Business
No, you can run a sole proprietorship without registering it, depending upon the type of business (a consulting business, for example). However, I recommend incorporating and registering right away. If you do work for state agencies, for example (like I do), the state will require that you're a registered company. Check with your accountant as to whether you should be an LLC, s-Corp, etc.
2007-05-30 03:26:51 · answer #1 · answered by jdkilp 7 · 1⤊ 0⤋
You have to get an occupational license and Tax numbers from the city and state.If you have people working for you, you will also need a Fed. ID Tax #.
2007-05-30 10:14:51 · answer #2 · answered by WC 7 · 0⤊ 0⤋
Stop looking for sly ways to do things...just pay the damn taxes!....love you!
2007-05-30 10:20:21 · answer #3 · answered by londa627 3 · 0⤊ 0⤋