Business Basics Resource Guide

By Milt Wright and Anita Lee Wright
Milt Wright & Associates

Resources Needed to Start Your Own Business Cont.

• Business Personal Property:
  Property used in the operation of a business, such as machinery, equipment, trade fixtures, etc. is taxable and subject to assesment. Businesses operations need to file a Business Property Statement annually with the assessor declairing property on hand as of January 1 of each year. Generally those businesses with personal property and fixtureswith a cost less than $100,00 are not required to file a property statement.
  
  County of Los Angeles
  Office of the Assessor Business Personal Property Assessments
  500 West Temple Street
  Los Angeles, CA 90012
  213-974-8613
  The Valley office is located at:
  13800 Balboa Blvd.
  Sylmar, CA 91342
  818-833-6000
  www.lacountyassessor.com/extranet/default.asp
  
  *Business permits made simple. For an excellent site with a wealth of information, go to www.calgold.ca.gov.
  
  
• Seller's Permit
  All businesses selling or leasing tangible property must obtain a Seller's Permit.
  
  State Board of Equalization
  Sales/Use Tax Division
  www.boe.ca.gov
  
  RESALE CERTIFICATE: www.boe.ca.gov/pdf/boe230.pdf
  
  
• Registration Form for Employers:
  You are required to file a registration form within 15 days after paying more than $100.00 in wages to one or more employees. No distinction is made between full-time and part-time or permanent and temporary employees in meeting this requirement.
  
  Employment Development Department
  Employment Tax Customer Service Office
  Service Office: www.edd.ca.gov/taxrep/taxreg.htm
  Office Locations: www.edd.ca.gov/taxrep/taxcnty.htm

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*The Build WorkSource web site provides material on topics of interest to businesses. It is not intended as legal advice or to answer specific legal or employment problems. The information presented in the Build WorkSource web site is from many sources therefore there can be no warranty or responsibility as to the accuracy, originality or completeness. Build WorkSource is not engaged in rendering legal or other professional counsel.