Business and the Thoughts that Associate it

Here is the first article in a series of many more to come based on "Running a Business Is Not As Easy as it's Made Out to Be!"

Originally when people create businesses they don't just jump out of nowhere and say, I'm making a business today? Well for most of us it's not that easy. In this article I plan to explore the ups and downs of creating a business and breifly touch upon the planning it involves.

So you want to start a business, but don't know where to start. Usually the best place to start is at the local Borders bookstore looking through just about any book you can find about creating a company in the state that you are in. For the most part, these books will lay a lot better groundwork and help tremendously when starting a business. But why do you want to start the business in the first place? That's the question you really need to ask your. Is it that you want to look professional, because your putting a lot of money into side jobs and want the benefits of being a business, or is it just because you want to say you own a business. Regardless of the reason let's look at the amount of time you will be putting into that business. First you have to file paperwork with your local government usually at City Hall stating that you are doing business as (and for the sake of this article I'm going to assume we are talking about a sole proprotiership). This at least in New York State is roughly going to run you about $35-40 last I checked, and this is just the very beginning. Then depending on what type of business this is you need to decide whether or not you have employees, because having employees come with have to pay medicaid, ssi, and many more taxes. So again I'm going to assume it's just yourself for now. Then by apply for your d.b.a you are also olibigating yourself to file quarterly taxes and paying your taxes on your expected income upfront. But do you know what it take to do your taxes as for being a business. I mean a lot of people can do there individual taxes by themself or with the help of TaxAct, Inuit, or insert product name here, but you also want to think about hiring an accountant who knows what he is doing, especially now and days with all the accounting scandals going on, do you really want to be responsible for your taxes. Then after you have that all figured out your ready to go, but wait don't forget what kind of business your in, all the costs you'll end up spending on your business, and even the costs you have to spend just to become or get into the business. And that about wraps up out intial breakthrough in the "Business and the Thoughts that Associate it."