Insurance should be considered as lawsuits are always a consideration in any business. Attaining a DBA (Doing business as) for a company name can be attained locally for around $25-$50. This gives you a legal name that nobody else can use. It also allows you to start a checking account so customers can write checks to the business name. Most customers will pay in cash which makes us window cleaners happy. As for collecting and paying your taxes, depending on your state, check on-line on your states governmental website to learn how to sign up. In New York State, taxes are paid quarterly. Usually a business that provides a service will build the tax into the customer’s price. For example, you customers price is $20, in NYS, 8.75% of that will go for taxes. |
