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Old 07-29-2004, 08:04 PM  
MattO
The O is for Oohhh
 
Join Date: Feb 2003
Location: AUSTIN TEJAS
Posts: 10,861
Quote:
Originally posted by herbal logic
you will basically submit your tax returns and financial info. A good start is at least having a corp, but you should put together a P&L statement and have a balance sheet etc. Also be prepared for someone to come inspect your place of business. Its ok to work from home. Getting an account your first time could be like a 3 month process. Its kinda like getting audited by the IRS. If you go through a 3rd party like netbilling, they can help you through the mess.

It is a worthwhile process to go through. Once behind you you will have a processing history which makes life easier in the long run.

Good info. I've helped people with a new company before, and what you've listed is a good idea of what to expect to provide. What often helps us is a well written business plan, our banks like that.
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