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Location: Tampa Bay`·.¸¸ ><((((º>.·´¯`·><((((º>
4,696 posts, read 7,890,766 times
Reputation: 13657
There's an organization called Score which will guide you step by step in setting up your business. It is free. Look it up where you live and find out when and where they have counselling. Go see one of the counsellors or ask by email at SCORE.org.
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,754,704 times
Reputation: 3587
You probably need a business license from the state and city you are based in and you need an IRS tax ID number. Remember that as a business owner, you must pay your taxes every quarter and your SS tax will be the full 15% because there is no employer to pay the other half. You may also need to be bonded and insured if you are working in other people's homes in case you get hurt on their property or bit by their animal. Liability will cover you should an animal die or get injured while in your care.
I set one up in Alabama and all I needed was a city license which was very easy to obtain. Google Pet Setting Insurance. There are only a few companies offering it. Sorry but I forgot the names.
Good luck with your business! I don't have more info because it was hard to get started in my area and I did not renew the license.
You probably need a business license from the state and city you are based in and you need an IRS tax ID number. Remember that as a business owner, you must pay your taxes every quarter and your SS tax will be the full 15% because there is no employer to pay the other half. You may also need to be bonded and insured if you are working in other people's homes in case you get hurt on their property or bit by their animal. Liability will cover you should an animal die or get injured while in your care.
I have been in business 12 years. I use my SS number. No tax ID. I file a schedule C with a 1040 once a year. I do not pay into SS.
I was just audited for 05/06. There was no change. I am not bonded, I do not handle money for others. I do have liability.
In Texas all you need is a DBA from the county clerk's office. It might help to be insured. You do not need a TAX Id from the IRS unless you will have employees. You don't have to file every quarter, unless you have employees. My husband has a home based business and he only files his taxes once a year. You may look into your state comptroller's office to see if you will need to pay a franchise fee or sales taxes for your services.
It's really not complicated.
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