This week was rough. Taxes are definitely out of my wheel house but I think I made some headway. This website was really helpful in figuring out sale tax https://www.bench.co/blog/tax-tips/calculate-sales-tax. I will be using Stripe and PayPal and they will help with collecting the right amount of sales tax for each state. As for licensing, I don't need much except for registration, which I did preemptively last week. Registration was pretty easy because Utah has a one stop process which makes it really easy (relatively) and included filing with the federal government for tax purposes. I chose to go with an LLC for the protections if offered. Never mix business with pleasure as the saying goes. haha
There is a lot more involved in starting a business than I thought. I guess that's why more people aren't doing it. The legal aspect is the part that scares me most and I really hope I am doing everything right.
Comments
Post a Comment