A good first step to determine the company’s state, federal, and local tax and insurance requirements is to click through the sections below and contact each group to determine your level of responsibility. If necessary, seek professional advice.
The U.S. Internal Revenue Service is the primary source for federal tax information for businesses, including resources to determine if your business needs to apply for an Employer Identification Number (EIN), also known as a Federal Tax Identification Number.
The Social Security Administration provides guidance and information for all businesses about withholding Social Security and Medicare taxes and reporting employees’ annual earnings.
Insure U for Small Businesses is a website created by the National Association of Insurance Commissioners to inform small businesses about the different types of insurance they may want to consider to help protect their business, including business liability and key-person life insurance.
USA.gov provides online federal government services for all businesses including tax assistance, information on laws and regulations, and additional start-up tools.
The Louisiana Department of Revenue provides state tax identification numbers and important state tax information that all Louisiana businesses need to know.
The Louisiana Workforce Commission provides information on Worker’s Compensation, Unemployment Insurance and labor laws for businesses that plan to hire employees.
The Louisiana Department of Insurance provides state insurance information and allows you to search for local providers of specific types of insurance that you may be interested in. To evaluate the types of insurance you may be required to have for your business, or may want to participate in to protect your business, it is recommended that you first visit the “Insure U for Small Businesses” website listed above.
To determine local license and permit requirements, contact the local parish and/or city government in which you plan to conduct business operations.