Friday, February 15, 2019

Licenses and Taxes

It is amazing how confusing it can be trying to figure out what license is necessary for your business. I am still figuring that out. I think the more unique your business is the harder it can be. For my selected business there isn't a specific category to select. I may just offer to sell stuff so if I needed a license I would have one. 

Taxes are another challenge. If you don't sell anything or provide a service is there a tax to pay? Who knew opening a business would be so challenging. Two sites that were very helpful this week were The Small Business Administration and the IRS website. Each site had links to help get a business owner started. 

Starting this class I was nervous about opening a business. The little things we have been doing each week chip away at that fear. I love that there is so much free information available to get started. I also have realized the importance of finding more than one source to answer a question. 

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