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Do I have to have a business license prior to purchasing equipment for the business?
I am thinking of starting a home-based photography business. Do I need to get a business license first, before purchasing photography equipment, in order to be able to take those items off as business expenses? I am wondering if I can use and claim the equipment I already have as a necessary business expense (you kind of need a camera to be a photographer) or if I have to have a business license prior to buying the stuff. Professionals who have done this would be a great help!
2 Answers
- Anonymous10 years agoFavorite Answer
yes.........
Source(s): & - ?Lv 710 years ago
Yes and you need a state sales tax number and a Federal Taxpayer ID number and a Business Checking account.
Suggest you first check with the town to ensure your home is zoned commercial before applying for anything