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| General Business Discussions This is a general purpose forum open to business related topics concerning Reptiles and Amphibians that are neither appropriate for the Board of Inquiry, nor sales, purchase, or trade solicitations. |
02-02-2012, 09:41 PM
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#1
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Business Licence
I'm trying to start a small breeding side business, just a partnership between me and my boyfriend breeding reptiles. This is my first business, so I'm not sure of the exact steps to take with it.
so far I'm having an annoying time obtaining the business license. I can't find anything to do with breeding. Help?
Thank you in advance
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02-03-2012, 12:30 AM
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#2
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Not sure on your state laws, but in Las Vegas, you can do it as a Sole Proprietorship and don't need a license.
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02-03-2012, 08:47 AM
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#3
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I would keep it as two seperate sole proprietorships until you get married. In this way you can each keep track of your own assets just in case something happens before it actually becomes a profitable business. (Lets be realistic, everything seems great now, but who really knows.) Right now just keep it on your personal taxes as a small business.
Later when it looks like you will have a year of profit you can register for an LLC and that will give you a tax number for the business. Also the LLC will offer state protection of any name you use. It costs less than $100 in most states to register an LLC.
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