Thank you for the Great topic! This is a very challenging, yet very important part of any business or endeavor.

I am not a tax professional and have to say check everything with a CPA or other licensed professional.

That being said I handle a lot of the financials and taxes for my day job as COO of a small to medium business here in Texas. We have 6 different companies under our holding company, so I can give you some advice and I will research specifics for you so you have more answers than you started with.

*What state are you in? That will help me pull up sales tax, inventory tax......things like that for you.

• Also what industry/product or service would your business be offering?
  *What is the business structure you will be using or are currently set up in? (Sole Proprietorship, Gen. Partnership, LLC, LLP C corp, S corp...)

I can start finding the answers you need with this information. I have some in my ebook that will be released soon, but this may give me the chance to expand upon it.

Eric