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Apr 12, 2014Explorer
Questions about starting a business on the road
Hey everyone!
My name is Jacob and my 2 business partners recently came across funding for our online jewelry business to go on the road. The business is in it's infancy and we have yet to register it outside of opening the online store. I have looked in to the essentials of proper accounting and managing business miles/expenses and Schedule C tax forms. I was wondering if anyone experienced in running a business "on the road" state to state would be able to give me some advice. In particular: Do I assume it would be an LLC , do I need to register the business within a state or do I just need to keep proper accounting and simply fill out the proper tax forms at the end of the year? Also, would you say it is considerably worth it to track finances and account spending within an accounting program such as freshbooks or quickbooks, or could I get by for the most part with excel? It is a jewelry business so we really just need to track material/gas/misc expenses and profit. Thanks for your time and I look forward to hearing some beneficial information!
Ciao!
My name is Jacob and my 2 business partners recently came across funding for our online jewelry business to go on the road. The business is in it's infancy and we have yet to register it outside of opening the online store. I have looked in to the essentials of proper accounting and managing business miles/expenses and Schedule C tax forms. I was wondering if anyone experienced in running a business "on the road" state to state would be able to give me some advice. In particular: Do I assume it would be an LLC , do I need to register the business within a state or do I just need to keep proper accounting and simply fill out the proper tax forms at the end of the year? Also, would you say it is considerably worth it to track finances and account spending within an accounting program such as freshbooks or quickbooks, or could I get by for the most part with excel? It is a jewelry business so we really just need to track material/gas/misc expenses and profit. Thanks for your time and I look forward to hearing some beneficial information!
Ciao!