Category: Business and Money > Small Businesses
Asked by: bellarina-ga
List Price: $10.00
24 May 2005 12:03 PDT
Expires: 23 Jun 2005 12:03 PDT
Question ID: 525112
Can I live in Michigan and legally open a small business(sole proprietorship) and a business bank account in another state (Tennessee)?
Re: opening business
Answered By: richard-ga on 24 May 2005 12:51 PDT
Hello and thank you for your question. Yes, you can open and legally operate a sole proprietorship and a business bank account in another state (Tennessee). You'll need to obtain a Tennessee business license, in the city and county where you operate: For example, http://www.scoreknox.org/library/businesslicense.htm http://www.countyclerkanytime.com/forms/BK209--Application%20for%20New%20Business%20Tax%20License.pdf http://www.bristoltn.org/planning/Web%20Page%20Links/Business%20License%20Appliation%5B1%5D.pdf http://www.cityofathenstn.com/finance/pdf/BusinessLisenseOnline.pdf You should phone the town clerk where you'll be operating to get the necessary form. Be sure to ask about both a city license and a county license. As the instructions to the Michigan income tax return show, you will have to pay Michigan income tax on what you earn in Tennessee (Tennessee is not one of the 'reciprocal states.' http://www.michigan.gov/documents/BOOK_MI-1040_111249_7.pdf That's it! Search terms used: tennessee "business license" tennessee "application for business license" michigan "income tax" Thanks again for letting us help Google Answers Researcher Richard-ga
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