Finance · Guide
A high-level map of the federal, state, and local tax obligations a new business typically encounters.
New business owners typically encounter obligations at three levels: federal (income tax, self-employment tax if you’re not an employee of your own corporation), state (income tax in most states, plus sales tax if you sell taxable goods or services), and local (business licenses, and sometimes a local gross-receipts tax). The specific mix depends heavily on your entity type, state, and industry. This is general information, not tax advice — a CPA or tax preparer can tell you exactly what applies to your situation.
Related to your launch checklist.