L Ant asked:


I’m almost done with my business plan. I’m stuck on something. I don’t know sould I operate my business as a Corporation or Sole Prietorship if I’m planning to run a photography and graphic designing business with employees I’m planning to hire which will include a secretary, assistant, graphic designer and a beautican. Please help I’m planning to open and start at the beginning to 2010.

Fred

The Invisible Woman asked:


I am planning a business. I will start out with baskets for new babies and if all goes well I will make the extra investment for wedding baskets, and then so on and forth. By baskets I mean gift baskets. I have researched local business license, but I am not sure if a local business is the right way to go, so I am thinking internet or Ebay. What kind of license do you need for these types of businesses.

Lee

visions asked:


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?

Irwin

Bon-bon asked:


I am planning on purchasing a limousine business and I know that the business has debt. Will I be acquiring the debt as well or is this is something that the current owners will have to deal with before or after selling to me?

Greg