An EIN is the federal tax number used to identify your business. Get yours FREE here.
What New Business Owners Need to Know About Federal Taxes. Find out more.
America's SBDC's a nationwide network of small business development centers providing free consulting to businesses of all type at all stages. Learn more...
The federal agency for granting U.S. patents and registering trademarks. Learn more.
How to protect yourself against identity theft and respond if it happens. Learn more...
BBB helps people find and recommend businesses, brands and charities they can trust. You can also file a complaint. Learn more.
Self-employment: What to know to be your own boss. Find out more...
You're entitled to one free copy of your credit report every 12 months from each of the three nationwide credit reporting companies.
The FTC protects consumers by stopping unfair, deceptive or fraudulent practices in the marketplace. Learn more...
Get started in protecting your ideas and making it a reality. Learn more....
Get the free tools and standards used by libraries, archives, and publishers.
Represent the United States in legal matters. Supervise and direct the administration and operation of the offices, boards, divisions, and bureaus Department. Learn more...
PROMOTE YOUR OWN BRAND
Business Cards & More
Applying for these grants are time consuming. Have patience during the process. Largest Database of Government Funds Available for You
Running a holiday sale or weekly special? Definitely promote it here to get customers excited about getting a sweet deal.
Register your business – Don’t overlook it; it’s not only the law, but it also affords several benefits. For instance, it will enable you to open a business bank account, write off business expenses, and help you leverage competitive pricing agreements with wholesalers. Registration involve several steps, not all of them necessary, but important to be aware of:
Register a “Doing Business As” Name - If you are operating an online store under a name other than your own, you may need to register a “Doing Business As” name, also known as a DBA, trade name or assumed name. You can do this directly with your local government. If you’re not sure whether you need to register a DBA, check with your local government office.
Choose a Business Structure – Many small businesses operate as sole proprietorships, meaning there is no legal difference between your business and you, as an individual. You’ll also file your business taxes on your personal income tax. No formal action is needed to form a sole proprietorship. Often, online marketplace business owners file for incorporation or become an LLC to help separate their business and personal finances and gain legal protection as a business entity. Consult a lawyer or legal expert to help you determine the pros and cons of incorporation and how to register.
Obtain Licenses and Permits – These are a necessary part of doing business and are required by your state and local government. Even online and home-based businesses cannot operate legally without them. Use SBA’s License and Permit tool to find out what’s required.
Get a Sales Tax ID or Permit – You’ll need a sales tax ID in order to collect and pay sales tax. The law about collecting sales tax online can be confusing and is explained here. Many online marketplaces offer tools to help you calculate sales tax, but as of now, it’s your responsibility to pay it. In order to collect sales tax, your state may require you to obtain a sales tax permit. You can find SBA’s links to state tax resources here.
Get a Federal Tax ID: Cost: FREE!– If you have employees or are structured as a partnership, corporation or other types of organization, you’ll need to get an Employer Identification Number (EIN) from the IRS. It’s the business equivalent of a social security number. You can apply for an EIN from the IRS online.
While these are some of the main legal steps you’ll need to follow, there are other important considerations, including:
CLEEYOR IS ALL ABOUT YOUR PERSONAL GROWTH
Copyright © 2023 CleeYor Innovations - All Rights Reserved.
Note: If we have listed any resources on our Website that does not deliver as promised. You can rest assure that it will be removed. To have complete viewing of website's content use your computer.