in owning my own business. This is my passion. I love to create products and I honestly want to grow this business into something real, so I'm trying to do my best to follow the rules. Well just when I thought I was all set and following the rules I found out that I missed a few steps. Ack! I'm now a nervous wreck and frantically trying to understand this new wrinkle.
I thought that by applying for my Virginia Sales and Use Tax I was also obtaining a business license. Not so much! How did I figure this out? I was looking for fun activities to do with my son over the weekend on our city's website and saw some information about starting your small business. I clicked the link and come to find out I only did part of the step in my registration. I read over the documentation and was still confused if I really needed a license. I got the impression that I didn't need one since currently my gross sales are under $10,000. After a call to the county clerks office, nope I still need to apply for a license. There's a fee associated with filing the paperwork, which I'm not excited about paying, but if I'm to do this right, I might as well go all in.
I now have the paperwork required and will print it all out today and mail it in with my check this week. I'm just a little bummed out right now, I don't like missing things. It's little things like that can be a de-motivator at times. What's my lesson from this? Make sure you check with your state and your county/city for business requirements.
What did you forget or think you understood and didn't as you were starting out?