I am starting a buisness selling office consumables (basiclly ink for your printer).
I'm trying to find the easiest way to go about it,
What I'm doing is buying toners from a supplier
and reselling, but all this mombo jumbo about
permits,license,taxes,corporating has me confused.All i do is order toner from my supplier
as customers need, supplier ships to a ups store
i pick up and deliver to my customer.and get paid
please help:THANK YOUHow to start my office consumables biz?
Don't make a mountain out of a mole hill.
1. Think of a name for the business
2. Get a State,or County, City Business License. Beginning date 4/1/2009.
3. Type of Business is ';proprietor';(Self Employed)
4. Get a bookkeeper, you don't need a CPA
They could also set you up with all the
licensing requirements, Limited cost to you.
5. Doesn't sound like you will need employees so you don't have to register with the IRS.
6. You will be on a ';cash basis';, Cash in Cash out, the difference is profit. That's what you pay income taxes on. Your bookkeeper can explain that for you since you may have to send in quarterly payments to IRS depending on your tax status.
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