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The Legal Issues of Starting a Business

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					When you want to start your own business, it is not just a matter of
setting up shop and waiting for the customers to come to you. Depending
on what kind of business you want to start, you may have to get
permission from the town or city. Some areas of a city have special
zoning regulations in place that do not permit a business in a
residential area, even if you plan to operate it out of your home. You do
have to get a license from the government for taxation purposes and so
that you can claim your expenses when you have to file your income tax
return.Other issues that you have to look at when starting a business
relate to finding a suitable location, a building and the staff that you
can work with. Of course, you do have to have insurance on the building
and the stock if you sell products and if you provide services, you will
need to have your equipment insured. You might say that you plan to run
an Internet business out of your home so none of these issues will apply
to you. No matter what kind of business you have, you need to have a
business taxation number that allows you to collect taxes from your
customers. You also have to pay taxes on the income that your business
generates.If you plan on opening a business where you prepare or serve
food, then you have to deal with health and safety issues. Government
inspectors will do regular inspections to make sure that your premises
are clean and that you prepare the food in the proper way. If you wish to
serve alcohol, you will have to obtain a special licence.Having your own
business also means that you have to deal with issues of hiring and
paying staff. Accurate financial records are necessary in order for you
to determine whether or not your business is making a profit. If you
don't have the talents to do this on your own, you will have to hire an
accountant to help you out. These are all issues that you have to
consider when you decide to start your own business.

				
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