What Are Seller’s Permits?

The requirements to register and obtain a sales tax permit or resale permit vary widely from state to state: in a majority of states, businesses dealing in tangible products for retail sale (or rental) must obtain a permit; in a growing number of others, that same requirement is extended to retail sales of taxable services’what services are taxed varies enormously from state to state.

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Do you need to file a fictitious business name statement for your new business?

To answer that question, it is important to understand what a fictitious business name is and how it is used. Here is a simple definition of a fictitious business name: A fictitious business name is one that does not use the business owner’s name. Corporations are generally exempt, as are businesses that use the individual proprietor’s own name. If you are doing business as (d/b/a), John Doe or Widgets Incorporated, then you don’t need a fictitious business name.

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What You Need to Start a Business

Since the recession took hold of the economy, many misplaced workers have decided to become entrepreneurs and start their own business. To start a business, you should have a solid understanding of the particular type of business you intend to start, a written business plan, and enough funds to cover your costs until the business becomes profitable.

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S Corporations vs. C Corporations

C corporations and S corporations are different legal structures of the corporate business entity. While both structures are initially formed exactly the same way and have many similarities, there are also some notable differences. The biggest difference between the C corp and the S corp is the way the entities are taxed.

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Licenses and Permits Needed to Start a New Business

Most businesses have licensing or permit requirements. Whether or not you will need a business license or business permit depends on the type of business you plan to open, the location of your business, and federal, state, county, and local rules. Some businesses need to have special licensing, while others only need a tax or operating license.

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Starting an Internet Business in New York City – The Legal Issues

Starting a new Internet business in New York City involves most of the legal issues that all new businesses have to deal with, plus several additional legal matters unique to Internet businesses. Success with a new Internet business ultimately depends on more than a talented entrepreneur, a good business model, an achievable business plan, strong managerial and technical skills, and hard work. It also requires an appropriate legal framework and footing.

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Operating a Home-Based Business from Your Condo or Co-Op

The United States supports free enterprise, which means that anyone has the right to start a freestanding business or home-based business on his own without owning a piece of property. The law states that as long as your business isn’t disruptive to peace or unsanitary in nature, all businesses, including your home-based business, are legally protected.

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Visas for Non-Citizens Wishing to Start a Business in the United States

Citizenship and residency are not required to start a small business in the United States. Some small business opportunities may allow you to choose to reside in the United States if you qualify for an L-1 or E-2 Visa. While the L-1 Visa is only granted for up to one year at a time, the E-2 Visa can be granted for up to two years and is indefinitely renewable.

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Do You Need Insurance for Your Business?

The term “business insurance” encompasses the many different types of insurance available to protect businesses, business owners, and employees of businesses. As a new business owner it can be stressful to think about the additional costs involved in getting your business up and running. However, every business owner should have some basic types of business insurance.

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