Can you have your own business while still working?
My father wants to open up his own appliance repair business but he wants to keep working at his job while the business picks up. Is this possible or does he need to quit his job for tax purposes? Does he need to acquire a federal tax id so it wont affect his regular job tax refund? Please help me out here.
Asked By: David R - 11/10/2009
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Answered By: Prahant Patel - 11/10/2009
Additional Answers (1)
Yes you can I have done it for over 20 years. Just get your business liscense and become a sole proprietor of the business. You will need to file your taxes just a little different. You will file both incomes. You will need to get yourself a sales tax id as well.
Answered By: ComputerTutor - 11/10/2009
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