Aneeta Salehani posted a new question on 11/3/2009
I am pretty sure that I will be doing a Sole Proprietorship and know that I have to file a doing business as but I am not sure if I need a business licence. I also would like to know what tax documents I need to file for the state and as well as to receive wholesale prices for paper. Any information will be greatly appreciated!!! Thanks.
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Michael Fay Responded on 11/3/2009
Aneeta-
I would start with the department of revenue, because you will need to be responsible for the collection of taxes and/or for the Resale Certificates for Sales Tax Exemption. I don’t think your line of business requires a special license, but I don’t know enough about your state to be sure.
You need to be aware of your state’s Consumer Protection Law, and not just If you plan on accepting credit cards. I have a recommended credit card processor that can help when you get ready to take that step.
On a personal note – are you going to make the paper as well? I used to be with the SCA and that was always an intriguing process.
Good luck with the business
Michael
Yvette Jones Responded on 12/4/2009
Aneeta,
Contact your local small business development center or the Massachusetts State Office of Minority and Women Business Assistance office. These offices should be able to assist you in determining what tax documents, etc. you need to file for your business. Also contact your local SCORE office- each of these places normally has volunteers(including attorneys, cpa's,etc.) who can help you plan out the steps you need to take to successfully launch your business. As for tax documents you would need to file for your business I'm thinking that since you are a sole proprietor you would file a 1040 (but again one of the centers listed above would probably be able to better assist you b/c they may have a cpa on their board or staff). As for being able to purchase paper wholesale, you will probably need a tax id number, this is more than likely what the vendor will request in order for you to purchase the items wholesale. You can get a tax id number by googling- tax id number (this is also known as the employer identification number), then clicking on the< irs.gov> link. You can complete an application online or via phone( I did mine via phone and got my number instantly, the paper work confirming everything arrived a week or so later). I hope all of this helps.
Be Blessed, Yvette
