[NJARC] business names - NJ Tax ID

[John Dilks K2TQN]

John,

Make sure your Sales tax forms are always up to date.  Do not forget 
to file them on time, every 3 months (I think), even if you have no 
sales.  They have a hefty fine for those forgetting to file on time, 
even if you have no sales, even if you stop your business. Then, 
don't forget to file your state income tax showing earnings to match 
your sales - they track with each other.  Keep good records and save 
all your receipts for expenses.  If you are not able to do a good and 
accurate job accounting your business, then get an accountant.

I wish you good luck though and hope you fair well.

You should assess your projected sales and profits from the sales at 
this antique mall booth.  Will you earn enough to make it worth while 
to "go into business"?  You will spend a lot of time doing paperwork, 
and not playing with your radios or doing school homework.  You 
appear to be close to college age, and I hope you will go to 
one.  Ask yourself this question, Will you be able to keep your 
business going if you go to college?  Most people underestimate the 
time it takes to do college work, especially in the first years 
there.  Keep your eye on your target; and your target should be where 
you want to be in 10 years, not next month or not next year.

Please show this message to your parents and talk everything over 
with them.  Also if you have a relative who is in business, please 
talk to them too.

73, John

At 02:51 PM 8/10/2008, you wrote:
>Visit our web site - See http://www.njarc.org
>_______________________________________________
>I need a business name cause. I need a tax ID. I need it because I 
>will be renting a both in a new antique mall that is opening by me! 
>I dont have any other way to do this. The last thing I want to do is 
>give my hard earned money to the grate state of NJ. How ever that is 
>the only way thanks.
>
>John T