Startup Weekend is just a few days away—and we over here at KCSourceLink want to extend the celebration of startups by helping you get something started. Check with us this week for the best startup advice in this four-part blog series leading up the intense weekend of ideas, innovation and business.
We often receive calls from clients who want to deal with business licensing first, thinking if you have a license you have a business. Actually, you just have a license with all the fees and paperwork that go along with that privilege.
I always encourage people to consider licensing and registration when determining startup costs as they may prove too costly. Still, it’s important to conduct the market research, take a business class and write a business plan to be sure the business will fly.
Once that’s done . . . let’s talk business licensing and regulations.
Many of you’ve heard my spiel, but it doesn’t hurt to run through the top 3 requirements everyone should consider.
- Register your business
If you are a sole proprietor, you do not have to file paperwork unless you plan to operate with a name other than your given name. If you choose a cute moniker, like Susie Q’s Sweets, you must file a “Fictitious Name Registration.” All other types of legal structures must file paperwork with the Secretary of State.
- File for a sales tax number
If you are selling a product, you do need to obtain a sales tax number. Visit your local Tax Assistance Center to file the paperwork and receive your number right away. If you have any questions about the forms, a technical assistant at the local office can help.
- Get your local business license
Even if you plan to operate out of your home, you need to call the city clerk’s office to ask whether you are required to have a business license. Many Missouri cities require a business license, so don’t get caught without it. If the city clerk says “no”, you need to check with the county to be sure they do not require one. Check the Missouri Business Portal for phone numbers.
There are additional things you need to consider if you plan to hire employees; however, I want to focus on a few of the industries folks ask about most frequently. A general rule of thumb: If you manufacture something or take care of people, there’s probably additional licensing.
Adult Day Care
Child Day Care
Elder care/Long term care facilities
For a more complete list of industries with additional licensing visit MOSourceLink or call me Jennifer Presberry at 816-235-6500 or email@example.com.
|Posted by Jennifer Presberry On Apr 14, 2011 at 2:21 PM |