permit or sales tax permit. Check with your state's Equalization Board, Sales Tax Commission, or Franchise Tax Board" (Lawrence). The business has to pay taxes to the city that the entrepreneur lives in.A federal tax ID number is required for all businesses. This is the most important step. The tax ID number doesn't cost anything. The entrepreneur calls the Federal lists 1-800 number to get a SS-4 form. "If you plan on hiring employees, you need to let the IRS know by filling Form SS-4 (available from your local IRS office). You may also need to register with your state's Department of Labor. Most small businesses won't need any federal licenses or permits, but there are some exceptions: interstate trucking companies, businesses that will by offering investment advice, and businesses involved with meat preparation" (Lawrence). They send the SS-4 form and then the entrepreneur fills out the document. Then, they give the business a tax ID number. No business can operate without it. A company can't open a checking account for their company without a tax ID number.Finally it is time to follow the vision. If the business is one of high-tech technology, then they should follow this kind of method. Now that a business has been established, the entrepreneur decides weather to run it from home or to find a suitable office. Many decisions must be made at this point. " Do not make decisions tat are not yours to make. When making a decision you are simply choosing from among alternatives. You are not making a choice between right and wrong. Avoid snap decisions. Move fast on the reversible ones and slowly on the non-reversible. Choosing the right alternative at the wrong time is not any better than the wrong alternative at the right time, so make the decision while you still have time. Do your decision making on paper make notes and keep your ideas visible so you can consider all the relevant information in making this decision"...
