Please share this with anyone you know who is starting in a new direction with their work or who works with those who are. If your business will have employees, you will, at minimum, need to purchase workers’ compensation and unemployment insurance. Determine the potential tax responsibilities of the new business on the federal, state, and local level. The following information will be helpful in filing the Assumed Name Certificate in the county the business will operate.
Be prepared to provide the business name, mailing address, city, state, zip, expected period of operation, business type, and owner information. In Austin, you would file your paperwork for your Assumed Name, Doing Business As (DBA) at the Travis County Clerk’s Office.
Live, Work, Invest is a group of local businesses, large and small, working with the Council and the Greater Manchester Chamber of Commerce, to make access to business support services easier and more approachable. This step is important when starting a business, since financial implications vary depending on which legal structure is selected.
Go to the U.S. Small Business Administration website to find a tutorial on how to create a business plan. By answering 4 simple questions, you will see the forms, licenses and taxes your business may need with links to specific information. While it is not required, registering your business name could prevent confusion and possible legal problems in the future.
A hobby-based business can be a rewarding change from—or addition to—your 9 to 5 job. Wherever your interests lie, it’s almost guaranteed that there’s a way to turn it into a business. If no business premise will be maintained, it should be filed in each county where business will be conducted.