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When creating an online business do you need to apply for a business license? |
When creating an online business do you need to apply for a business license? NO normally a business license is not required, unlike when you open a retail store down the street where you need to have a license to operate You need to registered your business with the state and get a tax ID (FEIN) number so you can get a bank account, file taxes, get wholesale prices if you do any retail work, etc. You can register your busines with your state secretary of state...most states have all the paperwork online. If you are doing a sole proprietorship, you have to file a DBA, which usually just means you publish that John Doe is "doing business as" Acme Products or something like that in a newspaper. You can register your business as an LP, LLC, S Corp, C corp, etc, so research what makes the best sense before you chose. |
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