Business Money Information
Business License
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Business License

Starting a business can be a long and confusing process. There are a ton of legalities to worry about, taxes, start up funding, and finding wholesalers to buy products from (if you are a retail business). One thing that seems to stop those who want to start their own small business is the business license. For some reason there is a common anxiety to filing for a business license. That is probably because many people don't know where to start, and the people at the county clerk’s office never seem to be much help.

Obtaining a business license is actually quite simple. There are also many benefits to legalizing your business. By legalizing your business you will be able to write off all of your business expenses (paper, pens, gas, lunch at business meetings, ect) on your taxes. It also allows you to buy products at wholesale so you can sell them at retail.

To start you need to decide whether or not to incorporate your business. Incorporating your business will give you added protection in case your business is ever sued. If your business is incorporated then your business will get sued. If it is not then you will be sued and you could lose your home and all assets. If you decide to incorporate you could do so using a lawyer or Legal Zoom to save money. you also need a business licence to offer Online Games If you do not want to incorporate you just have to file as a sole proprietor to get your EIN.

Once you have your EIN you can file for your business license. Go to your states tax website and find out what forms are needed to obtain your business license. Typically there are only one or two forms to fill out and most of them can be filled out and filed online. There is typically a small fee (around $100) to do this. Once you fill out the forms and send in your fee you should receive your business license and resell number within a couple weeks.