- 1
A business plan is an important part to starting your own business.business plan 2 image by Kelly Young from Fotolia.com
Research and plan your business. Most communities will offer business planning courses, sometimes for free. They will help you learn how to write a business plan and how to assess how much the start-up will cost. - 2). Seek out business training and expert advice. Talk to people that are longtime business owners. Many places will offer free training and counseling services and will even help you develop a plan to bring in financing.
- 3
Large corporations must be registered in the state of Arizona.corporative business image by breezeart.us from Fotolia.com
Determine the legal structure of your business. Corporations, non-profits, limited liability and partnership companies must register with the state of Arizona. However, sole proprietorship businesses will not need to register. - 4
Having the proper tax information is vital for any business.tax time image by Tom Oliveira from Fotolia.com
Apply for an employer identification number (EIN). Also known as the federal tax identification number, the EIN is used to identify your business for tax purposes. Any business that will use employees will need to have an EIN. - 5). Register for state taxes. Each business will need at least one tax specific identification number, and certain types of companies will need more. This includes the income tax withholding and sales and use tax (also known as a sellers permit), as well as unemployment insurance tax.
- 6). Determine which type of permits you will need. Selling a product or service is subject to transaction privilege tax, which means you'll need the state transaction privilege tax (TPT) license from the Arizona Department of Revenue. Certain businesses and professions will also need other licenses. Also check with your city, as some require additional licensing.
- 7). File for your licenses. You can file online at www.aztaxes.gov. The website will also allow you to print out the application if you prefer to file in person. Once your applications are approved, you will receive your licenses.
SHARE
