All other forms of legal structure file with the Secretary of State. If your business will be selling, renting or leasing tangible personal property, you must obtain the proper state sales tax license from the Department of Revenue and determine if a separate local sales tax license is required. A sales tax license is also required, if you rent accommodations for less than 30 days. Be aware of the personal and business tax implications of starting your own business. Self-employment tax will double and individuals contribution to social security and Medicare taxes.
Property tax is collected on all personal property owned by a business.
Find the best location for your business. You can get information on traffic patterns on state highways. Some local governments have information on city and county roads. They may also have information on local population demographics. Observe pedestrian movement during business hours to estimate walk-in potential.