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and charge the necessary taxes, the taxes go directly to the internal revenue service. If you don't charge taxes to your customers, then you will be responsible to pay all of that money yourself.
You must file the yearly taxes with the IRA each fiscal year end. This means that your business taxes are due every year around the same time as you first began your business. You would have a lot to account for if you didn't charge any taxes to your customers and if you weren't properly registered with your local tax service.
Insurance
Although it is not necessary that you apply for insurance on your residential property, you must apply for insurance on your business property. With the crime rate being what it is, you have to have insurance. But there are at least 3 types that you must apply for when starting your own retail business, and they are:
1. Workman's compensation: You have to be able to support your employees should they get hurt on the job. You as the employers have to apply for this from a private insurance company.
2. Liability
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