It’s important to keep up-to-date on state and local regulations that govern the purchase and sale of goods within Washington state, including what sales taxes will affect your business. Washington no longer uses resale certificates; instead, it requires every business that sells goods at wholesale to apply for a reseller permit to present to vendors. Reseller permits allow you to purchase goods (or services) that you intend to resell without having to pay retail sales tax on the original purchase. If you run a business that purchases items that you are intending to resell, you should obtain a reseller permit in order to avoid any unnecessary tax consequences for your purchases. Today’s post details some of the key issues that…

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As our economy begins its (slow) recovery, it’s an excellent time to thoughtfully consider your business ideas and start to write a business plan for launching your start-up. Here’s the best part, you can write your business plan for free. You won’t have to invest anything, other than a little time, to develop a bullet-proof business strategy to grow your business. Today’s post focuses on two initial steps you can take to write a business plan. I’ve also included some tips on how to find easy-to-use online resources to guide you through the process of building a successful business plan.

Determine Who You Are
The first step is to take some time to think about exactly what your business is? What services…

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When you think of start-ups you may think of Silicon Valley and young millionaires, who enjoy wealth beyond the greatest imagination and a steady (perhaps exponential) growth of income. What you typically don’t think of is the significant hurdles these start-ups often face. Paul Graham calls these hurdles “Brick Walls” (or “BW”). Graham is the author of Trough of Sorrow, which details the start-up process, or start-up curve. While some companies enjoy wild success from the get go, most follow Graham’s diagram below.

The first stage is exciting; you’ve got an idea and you’ve set the wheels in motion to develop the idea. Next, you suffer through the wearing off stage, trying your best to maintain momentum as you begin the…

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