Starting Your Business

Starting Your Business

Starting a business requires you to complete a number of steps and make some key decisions. Within this section, we’ll identify the organizations that can help you in starting your business.

SBDC

Planning can prevent problems, especially when it comes to business and income taxes. Taxes are a certainty in the small business world, but there are many resources available to help you plan, comply, and optimize your tax situation. A competent CPA or other tax professional can be an invaluable part of your team. Other resources include state and federal websites designed to help you manage tax issues in stride.

At the federal level http://www.irs.gov/businesses/small/index.html provides links to most commonly used resources. In South Carolina the Department of Revenue administers state taxes and provides educational material to assist with compliance.

From www.sctax.org you can find local contact information and guidelines for a variety of business operation and income taxes. If you retail goods in South Carolina, you will need a SC Retail License, and a comprehensive guide is provided by SC Department of Revenue at http://www.sctax.org/NR/rdonlyres/8C8B1F07-2F15-4F2F-8AB7-23313CC39A3A/0/TableofContent.pdf. The application can be found online at www.scbos.com, and from a local service center (211 Century Drive, Suite 210-B, Greenville, SC 29607; phone: 864-241-1200).

Local taxes for personal property in business use are administered by Greenville County http://www.greenvillecounty.org/County_Auditor/Forms/return.pdf

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