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5 Replies Last post: Jul 3, 2008 1:10 PM by AccountaxSolu

New Business

Jun 30, 2008 1:34 PM

Click to view D.Dott's profile Professional D.Dott 4 posts since
Jun 24, 2008
Pls help- I have started a new company operating and registered in Illinois, can I trade/have customers in other States? How do a handle the tax, and what are the tax implications?

Thanks

D.Dott
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Click to view LUCKIEST's profile SCORE LUCKIEST 7,939 posts since
Aug 6, 2007
1. Re: New Business Jun 30, 2008 3:05 PM
New Business, Welcome

*It is great that you have *started a new company operating and registered in Illinois.

Do you have an Accountant?? A Lawyer, maybe an Insurance Agent??

The professionals will help you. Do you know about SCORE?? SCORE is FREE.

LUCKIEST
Click to view Adducent's profile Mogul Adducent 338 posts since
May 22, 2008
2. Re: New Business Jun 30, 2008 3:41 PM

Hi,

You didn't say what kind of business you are in but most do not have any prohibitions for selling your products/services to customers in other states. Questions concerning that and how to handle sales tax is something best asked of your accountant or a local source that can advise you at length on that subject. One of the best resources you can tap as a new business owner is a free one and often they are located key areas in each state so they are accessible to everyone. As Luckiest recommended, here is a link for SCORE offices in Illinois that you can contact with questions about taxes etc.

http://www.sba.gov/localresources/distric
t/il/counselingt/il_ilscore.html

Also you can check in your area for a Small Business Development Centers. They provide one-on-one business counseling and management assistance to small businesses and can help you as well:

http://www.sba.gov/idc/groups/public/docu
ments/il_chicago/il_sbdc.pdf

Dennis Lowery
Adducent, Inc.
Click to view jameswalker's profile Professional jameswalker 4 posts since
Jun 30, 2008
3. Re: New Business Jun 30, 2008 10:22 PM
dos your business have credit.if not here a way to get credit for your business.The best way I found is to borrow funds to hold them on deposit, make some interest payments, then give back the deposited money. If you agree to just hold it on deposit, creditloader dot com will let you borrow the funds with NO CREDIT CHECK and NO PERSONAL GUARANTEE. They got mine reported to Experian Business Credit
Click to view Lighthouse24's profile Mogul Lighthouse24 2,396 posts since
Oct 10, 2007
4. Re: New Business Jun 30, 2008 11:09 PM
Are you asking about state sales tax, and if so, what specific products and/or services are you selling?
Click to view AccountaxSolu's profile Start-up AccountaxSolu 1 posts since
Jul 3, 2008
5. Re: Tax implications Jul 3, 2008 1:10 PM

Hi, D.Dott:

Good question you have there, but I would recomend that you hire a bookkeeping service or an accoutant for that matter, so that way you can focus on
your ability to ge clients. To really answer your question I need more information, so it would be good that you e-mail me. By the way we can help you with the bookkeeping and accounting services

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