New Jersey requires form http://www.state.nj.us/treasury/revenue/sub-s.pdf or CBT2553 to designate the Small Business tax election for either an LLC or a Corporation.
This form is used to change the tax election of an LLC / Corporation to Small Business taxation. You will need both your SSN as well as the EIN of the company. This form is normally completed after your initial meeting and upon the advice of your accountant. Review, print, sign and date the form […]
The California Board of Equalization administers seller’s permits. Please search for their site or use this link.
The “S” tax election can be applied to either a Corporation or an LLC with identical benefits and filing requirements. The main benefits to you as a small business owner includes a reduction in the amount of Social Security / Medicare taxes that you would have to pay on company profits and the ability to […]
Requirements for licences appear to vary by City / County / State. Speak to a local accountant regarding the type of business activity and the need for a local business license.