Home Business Legalities Checklist

Filed in archive financing on April 5, 2007

Here are the rest of the items that you should add to your home business launching checklist.

• Your business will need licenses and permits depending on the goods and services that you offer, as well as your business structure. Take note of the different kind of permits that may apply to you. These may include a liquor license, police permits, building permits, or state occupational licenses such as those required for doctors or lawyers. Without the proper permits and licenses, your business may be closed or even sued if you choose to operate, but are caught without the proper documents.

• You will also need savings and a checking account for your business. Check with your bank on specific requirements for holding such accounts.

• You will need an official sales tax number if it is required in your state or country. You may be charged with tax evasion if you operate without such a number.