Starting a Computer Business –Legal Forms, Licenses and Laws, Oh My!
Starting a computer business involves many daunting legalities. Filing forms, paying fees, and dealing with government regulations are all part of starting a computer business. A new business owner is better prepared by knowing what is expected in the first phase of starting a computer business.
The First Phase of Starting a Computer Business
The first steps of starting a computer business might be overwhelming and frustrating. However, the most tedious work is done once this phase is complete. Remain focused on the exciting aspects of the new business to get through the paper work.
Register a Name
Choosing a name is an important part of starting a computer business. The new name needs to be registered with the state to ensure that the name is not already being used.
A fee is required to obtain a business certificate. This also alerts state government to expect revenue taxes from the new business.
Check Zoning
Determine local zoning laws when starting a computer business. The new location must be zoned for business. If the new business will be run out of the home, this is especially important.
Conform to Code
Starting a computer business may require conforming to specific state and federal codes. One of the most important is the Americans with Disabilities Act.
Businesses with 15 or more employees must provide access to all people, regardless of physical handicaps. Become educated on all local and federal codes that will apply to the new business.
Obtain an EIN
If planning to hire employees, apply to the IRS for an Employer Identification Number. This EIN is like a Social Security Number for the business. Anyone starting a computer business will be required to make social security tax payments for employees.
In addition to the IRS, file with the state Department of Labor. The business is responsible for state unemployment tax, disability, and state income taxes (if applicable).
Apply for a Resale Tax Number
Any business involved in sales will need to apply for a resale tax number. Contact the state tax commissioner to file these forms.
Obtain Required Licenses
Specific occupational licenses are often needed when starting a computer business. Contact the state computer association to determine which licenses or permits are required.
The Bottom Line about Starting a Computer Business
Starting a computer business will entail a lot of tedious paper work. However, once this phase is completed, the owner can move on to the more exciting job of opening and operating their business.
In this article, you’ve learned about starting a computer business. To learn more about starting a computer business click here now to get access to a free one-hour audio training program on 5 Easy Ways to Grow Your Computer Consulting Business.