It is easy to be excited about becoming a new business owner. However, before jumping in head first, it is worth your time to step back for a moment and consider what steps and planning you need to do to avoid major problems down the road.
Taking the time to evaluate and determine what is best for you can help you avoid several common mistakes first-time business owners make.
For example, one of the top common small business mistakes made when starting a new business is not taking care of all the necessary legal paperwork and documentation before opening the business.
You need to make sure you have secured your business license, seller’s permit, resale certificate, federal tax ID number, and register your business name and DBA (Doing Business As) name with your state.
If you fail to do these things upfront, you could end up in a heap of legal problems, including facing fines, fees, and having your business shut down until you get your affairs in order.
As you can imagine, this would not be good for a new business owner as it would look like they opened up and then went out of business overnight. To discover more common small business mistakes first-time business owners make, we encourage you to review the following infographic.
Afterward, apply for your seller’s permit online at FastFilings. A seller’s permit is also known as a wholesale license, resale license, sales tax permit, sales and use tax permit, and reseller permit.
We make it easy to get your seller’s permit by filling out our secure application form. We review your information and use it to fill out the correct state form before electronically filing your application. So get started now, or please feel free to fill out our online contact form if you need further assistance or have any questions.