Steps
- Starting a business is simple and usually doesn't cost a lot of money. The request for this article was how to start a business/obtain a business license in the state of Mississippi. This guide can work equally as well for any state.
- First, if you don't know your state's website address, do a Google search for it. Once there, look for any links that pertain to business in the state.
- Look over the site and look for anything referencing starting you own business or getting licensed. In the case of Mississippi, follow this link: http://www.mississippi.org/content.aspx?url=/page/2974& which will take you to the site that lets you download all the information required to start a business.
- Usually you have to download forms, fill them out and send them into the Secretary of State's office. Depending on the type of business you want to do, you have to select a license to apply for. For example, if you want to sell things online or in a store, you need a Vendor's license.
- Fill out all the necessary information, read over their tips on starting a business and send in the necessary fees associated with registering your business.
- After a few weeks, they'll send you a copy of your license and the IRS will send you a paper with your federal tax id on it. For sole proprietorships, your social security number can act as your federal tax id.
- After you receive this information, you're ready to do business!
- You may also want to try sites such as www.businessnameusa.com or www.businesslicenses.com. They offer online business license, permit, and tax registration applications for every state, county, and city.
Tips
Warnings
- Once you have your business started, you need to collect taxes for the state in which you live. You are supposed to report income generated within the state and to pay sales taxes on it. When you register, they usually send the information on how to report taxes.
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