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 HOME >> Forms of Business: Permits |
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Starting a Small Business: Permits and Licenses
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TUTORIAL:
STARTING A SMALL BUSINESS 1.
Permits and Licenses |
1. Permits and Licenses
The first step is to get your business license. It is required by law and once your business is official, you can save on taxes.
Here's how:
Every expense that is directly related to getting your business off the ground is tax deductible (even if you're not making a profit yet). That includes computers, software, office furniture, etc. Yes, you can also deduct these if you don't have a license and can prove that they were indeed business expenses, but a business license justifies the deduction without proof.
Obtaining a business license is not a big deal. Just make sure that you understand and comply with all the regulations that apply in your city/state/country. I strongly recommend that you join a local business association so you can speak with people who have been through the process.
If your business will be home based, that complicates things somewhat, because then zoning restrictions come into play.
Zoning simply means that businesses has to be in commercial zones and houses in residential zones. Usually you're not allowed to mix them up.
Again, these regulations differ vastly for different states and countries, so the best path here is to get in touch with your city council and discuss your options.
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TUTORIAL:
STARTING A SMALL BUSINESS 1.
Permits and Licenses |
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