InfoTaxSquare.com: lp

If you are a sole proprietor or a partnership:

You may need to file sales and use taxes if are engaged selling taxable product(s) or service(s).
You may need to file Payroll Taxes if have employee(s).
You may need to file local, state and federal estimated taxes based on your income.
You are required to file business return(s) end of the year
You may need to renew your license(s)
You may need to renew your insurance(s)
You may need to renew your permit(s)
You may need to file excise tax
Time to time during the year should prepare cash flow statements to control your receivables, payables and cash in hand. It is a very important element for any business to analyze the current cash flow position and see the strength of the company to run a successful business.

If you are incorporated: for instance; Corporation, LLC, LP, Professional Corporation, Professional LLC Etc.

You may need to file sales and use taxes if are engaged selling taxable product(s) or service(s).
You may need to file Payroll Taxes if applicable. Officer(s) and member(s) of the company may be exempted depends on the structure of the company.
You may need to file local, state and federal estimated taxes based on your income.
You are required to file business returns end of the year
You are also required to file annual reports or other reports based on your state requirements to keep your company in good standing.
You also may request to your state to provide a certificate of good standing or certificate of existence to see if your company is following state guidelines to file taxes.
You may need to renew your license(s)
You may need to renew your insurance(s)
You may need to renew your permit(s)
You may need to file excise tax
You may need to distribute K-1 among your members or stockholders to file their personal income tax return(s)
Time to time during the year should prepare cash flow statements to control your receivables, payables and cash in hand. It is a very important element for any business to analyze the current cash flow position and see the strength of the company to run a successful business.

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