Forum Discussion
Need advice on a Business License
Hi, Keithia,
The attached PDF contains an article I wrote about this topic back in 2002. It includes input from two dozen colleagues who represented a range of business types. I hope it provides some help as you consider how to proceed.
My state (MN) provides an excellent guide to starting a business that I found very helpful when I began freelancing. Of course, things vary by state. I suggest you check your state's website to see what they provide.
Finally, I'll offer what I consider important advice if you do become a sole proprietor: Establish a legal business name, set up a bank account in the business's name, and be sure you always save enough of your earnings to pay your estimated taxes (Fed & State income taxes, plus the employee AND employer FICA taxes).
Good luck!
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