When purchasing goods from a business in the state of Massachusetts, the buyer customarily has to pay a sales tax as part of the total purchase price. There are exceptions to this, however. If a business buys goods from another business on a wholesale basis, the transaction will be exempt from the usual sales tax …
Congrats on wanting to become your own boss. Starting an Ohio business is a relatively easy process if you follow the proper steps in the correct order. Our article dives into all the steps to start a business in Ohio. Let’s get started. 1. Conduct market research to find a business idea The first step …
To be exempt from sales tax when buying items for resale, every Vermont seller needs a resale certificate, which is also known as an exemption certificate. A resale certificate states that you intend to resell the items you buy and collect sales tax from customers. Below we will dive more into what a resale certificate …
To understand the health of your business, you must learn how to project monthly sales. When you have an idea of your projected monthly sales, it helps you detect trends that impact your monthly gross profits and net income. Calculating these amounts accurately will enable you to quickly judge whether you are operating a successful …
When you operate a business in Hawaii, you are required to pay general excise taxes on any items you purchase from your vendors and suppliers. You must still pay this tax even when buying inventory items you intend to resell to your customers. The current general excise tax rate is 4%. However, there can be …
When you operate a small business in West Virginia where you sell goods and products at retail to customers, it is highly recommended that your business apply for and obtain a West Virginia resale certificate. It does not matter where you operate your business—from a physical location, out of your home, or online—you will want …
When you operate a business in Arkansas that sells goods and products to customers, you could benefit by applying for and obtaining an Arkansas resale certificate. It does not matter whether you run a home-based business or an online-only business or have a brick-and-mortar store. You will definitely want a resale certificate. What Is …
Deciding on how to come up with a business name for your new business might not seem difficult. However, rushing hastily into this decision can have long-lasting effects on your business. For example, if you choose a name that doesn’t fit with the products and services you offer, you may not attract the customers you …
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 …
8 Common Mistakes First-Time Business Owners Make Read More »
Opening a business in San Diego is not difficult to do once you understand the steps required to operate a business in California legally. The steps will be similar whether you are opening a food truck, retail store, restaurant, or service-based business. The first step is to determine what type of business you want to …
