Michael Doyle posted a new question on 1/22/2010
I know how to set up my business entity and I have a lawyer. I need to know what licenses you need for such a web business etc?
|
|
|
Alice Nadin Responded on 1/24/2010
Michael,
Some of your answer you will find in NY state's website: http://www.nylovessmallbiz.com/home.asp - look in particular for biz registration and sales/use taxes. As a former web supplier watch the definitions of what is taxable and what is not - though I was in CT at the time so NY may be different. Some 'services' were taxable while other items were labeled as 'products' and were not taxable.
Your business will need a Federal EIN number and locally you will need to contact your town/city to obtain a business license and perhaps pay Privilege taxes. See for Federal:
http://www.irs.gov/businesses/small/article/0,,id=98350,00.html
And lastly (before all of this) you need to choose a business structure, though I assume your attorney is helping you with that aspect. You will need that choice before you can file w/ either Federal or State.
Alice, SCORE Pittsburgh
ps: In addition, with your attorney create your online Privacy Statement and Terms Of Use for your website.
