2022 – 08/25

Are you hoping to start a business? Many people dream of being their own bosses. To get off to a strong start, you’ll need to make good decisions. For example, which business structure will you use (such as a sole proprietorship or corporation)? This decision will affect the taxes you pay. Another decision is whether to operate on a calendar year or fiscal year basis. You should also obtain a federal employer ID number to identify your business. If you hire employees, you must provide them with certain forms right away, including Form I-9 (Employment Eligibility Verification) and Form W-4 (Employee Withholding). Here’s more, including links to requirements for states: