Running a location-independent business legally pt.3 – Taxes (Legal Road Map® Podcast S3E48)

In this episode, I explain what you need to know about taxes for location-independent businesses from a legal standpoint. Whether you're running a location-independent or virtual business, or you have locations or customers in other states, one fact remains the same, your business has to pay taxes! In this episode I cover: The different types of taxes your business may have to pay What you need to prepare for if you sell to customers in a state outside the state where your business is registered Registering in other states where you have employees or customers The consequences you could face if you don't pay your taxes Some free resources to help Key takeaway: No matter which state your 6-7 figure+ location-independent business calls home, you have to pay taxes. Make sure you're not at risk for a potentially costly audit by seeking the advice of a professional. Resources mentioned: Small Business Administration Sign up below to get a free 5 Minute Intellectual Property Audit. You'll learn how you can make more money from the copyrights and trademarks in your business (you can also sign up there to be the first to know when new episodes are live and receive other legal updates and special offers from the AWB Firm). This podcast is information, not legal advice specific to your situation.