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Can I start a home based business, not get a business license and not pay taxes?
I read that if you dont get a business license and you run an at home based business and your neighbors dont complain about your work, its unlikey the IRS will find out and make you pay a fee as well as put your business on hold until its done. Now, in the state of FL, if I chose to not get a license because the type of business (event planning) did not require one, would I still have to pay taxes?
Make note of where you read that. And do NOT read that garbage any more if you value your financial well being!
Of course you have to pay taxes! And what gives you the idea that the IRS won't know about it? Eventually you'll have a business customer who will hand you a Form W-9 and ask for your taxpayer ID number before they pay you. Assuming that they pay you more than $600 (and possibly if it's less) the IRS will be notified of the payment.
Or someone will get audited and will have claimed an expense deduction for the money that they paid you. The IRS auditor will then gather the details about YOU and make a note to follow the money trail and see if YOU are paying YOUR share.
Either way, you're BUSTED!
But let's just say that you manage to fly under the radar for 40 years and get away with it. You retire and apply for Social Security. Guess what! You haven't paid in a dime in those 40 years so you get goose egg! Nothing! Nada! Zip! Opte! De rien! Null! But hey, I hear that Alpo isn't all THAT bad!
The issue of a business license is strictly a local one. Maybe you need one and maybe you don't. But you better plan on keeping proper records and paying your taxes or life WILL become truly miserable for you. Sooner or later. (And sooner is better, since you'll at least have a shot of paying up.)
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Budapest Business Region - Get Engaged
What business degree should I study in and where?
I'm planning to get a business degree in the United States but I'm am unsure of what type of business I should major in or even where should i study in.
I'm more of an entrepreneur-minded person and I have look into Business Administration for some time now. I'm more of creative person and I love to challenge new ideas.
I am also looking for a university that offers cheap and reasonable fee and good education with good credibility. I'm currently looking into University of Nebraska but I am also interested in other options.
Thnx
These new rankings just came out this week for schools specializing in entrepreneurship:
Top 25 Undergraduate Programs:
1. Babson College
2. University of Houston
3. Drexel University
4. The University of Arizona
5. University of Dayton
6. Chapman University
7. DePaul University
8. Temple University
9. University of North Dakota
10. Loyola Marymount University
11. Wichita State University
12. Syracuse University
13. University of Notre Dame
14. University of Maryland
15. University of Oklahoma
16. University of Illinois,
Urbana-Champaign
17. Xavier University
18. The University of Alabama
19. University of Southern
California
20. Ball State University
21. The University of Iowa
22. Brigham Young University
23. Baylor University
24. Northeastern University
25. The Ohio State University
So, assuming you are looking for an undergraduate degree, the ones here which would be relatively inexpensive would be the University of Arizona, Temple University, the University of North Dakota, Wichita State, and then all of those The University of (name the state).
























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