Business Update

Today I got the DBA for Down Home Design & Glass.  We are still waiting for the sales tax permit to come in, but I'm inclined to think it will be any day now, as today I have received calls from sales reps claiming to be with Texas...blah blah blah, wanting me to sign up to accept credit cards!!  There were about four calls in the past hour and a half, and they all mentioned that I had recently "registered" my business with the state of Texas.  I am guessing they keep tabs on new businesses via the open records act.  Oh well!

When starting a business, the DBA registered with the county you are working in should probably be first.  I already had one for Down Home Designs and felt this would be a shoo-in.  Do your research regarding local and state sales tax for where you live as well.  And be sure to register with the Internal Revenue Service.  You will need to know if you will be opening as a Sole Proprietorship, Corporation, etc.  You also need to know what type of fiscal year you will be keeping.  The website for the I.R.S. and the Small Business Administration  can give you tons of information on business start up.

Related articles

• What Are the Legal Requirements for Starting a New Business? (thinkup.waldenu.edu)
• Tax Basics for Startups (entrepreneur.com)
• Business Structure Basics (entrepreneur.com)