| Congratulations on the decision to run your | | | | you with labor laws for minors and illegal |
| own business. As exciting as it is, there are | | | | aliens, as well as safety rules, business |
| so many things you need to be aware of. One | | | | licenses, building codes, permits for |
| of the biggest decisions is of course if you | | | | remodeling, zoning laws and health department |
| decide to have a partner, or more than one | | | | regulations.You'll want an certified |
| partner. There are pros and cons for what | | | | accountant to help you file your income tax |
| ever you decide. You just want to make sure | | | | returns, franchise tax returns, employment |
| what you decide is best for you. Make sure | | | | tax returns, the time for payment of withheld |
| you are compatible with this person, that you | | | | and employers share of employment taxes, as |
| two share in the same business way of thought | | | | well as unemployment tax returns and payment. |
| and doing things.To decide if you need a | | | | You will also need an accountant to help you |
| partner make a 'for' and 'against' list. This | | | | set up books and records of the business and |
| makes it very easy for you to see the pros | | | | advise on computer software needs for |
| and cons, and to weigh the difference. After | | | | accounting of the business you will need to |
| all, this is one of the biggest decisions you | | | | do yourself.If you are concerned with |
| will make before you even open the doors.The | | | | payroll, contact a payroll service provider |
| most common reasons for having a partner are: | | | | listed in the yellow pages. They also help |
| There is safety in numbers. You have someone | | | | with managing retirement plans, workers |
| else to talk things over with and two heads | | | | compensation insurance and pension plans.Some |
| to decide if the decision you are making is | | | | local licenses and permits will be required. |
| best for your business. You'll have someone | | | | You may need a zoning compliance permit |
| to share the work days and hours with. This | | | | before you can open your business. Make sure |
| will bring you peace of mind for the days you | | | | the space you rent is zoned for your type of |
| are sick, or you have to be somewhere else. | | | | business. You also may need a special license |
| And of course one of the main reasons is they | | | | if you're conducting business out of your |
| can help with capitol, and all of the risks | | | | house, a beauty salon, for example.Certain |
| won't fall only on you and your pocket. Some | | | | types of businesses require state licenses, |
| arguments against having a partner are, you | | | | such as accountants, cosmetologists, |
| have to agree on all decisions - so if there | | | | etc...Your state may require special licenses |
| is something you wish to bring into the | | | | if you sell firearms, gasoline, liquor, |
| business and your partner is against it, you | | | | lottery tickets, etc...A very small amount of |
| two will have to come to an agreement. A | | | | businesses will require federal licenses, |
| partner can be a disaster if his or her | | | | examples include broadcasting, ground |
| judgment is not good. You run the risk of a | | | | transportation, alcohol, tobacco or firearms |
| falling out and perhaps the necessity of one | | | | sales.Check with your city clerk to tell you |
| partner buying the other out, if you do not | | | | where to go to obtain certain licenses.If |
| get along. Decide if you have similar work | | | | you're working from home, investigate local |
| habits, similar objectives concerning how to | | | | zoning ordinances covering home based |
| run the business and whether your strong | | | | businesses. Some neighborhoods have strict |
| points are similar or complimentary. Both of | | | | zoning restrictions that may prevent you from |
| you also need to discuss whether you should | | | | doing business out of your home. Yet, it may |
| have a buy-sell agreement in the event of a | | | | be possible to get a variance or |
| disagreement. At this time, the decision of | | | | conditional-use permit.Part three will |
| how the purchaser will pay for the portion of | | | | discuss certain forms you will need to keep a |
| business he or she is buying.Now you'll want | | | | close eye on your business assets.References |
| to hire a few professionals to help you start | | | | from My Business CourseThis article has been |
| up your business legally, and will allow you | | | | submitted in affiliation with which is a |
| to run it smoothly with at least stress as | | | | site for Fax Machines. |
| possible.An attorney should be able to assist | | | | |