Running a location-independent business legally pt.3 – Taxes (Legal Road Map® Podcast S3E48)

In this episode, I explain what you need to know about taxes for location-independent businesses from a legal standpoint. Whether you’re running a location-independent or virtual business, or you have locations or customers in other states, one fact remains the same, your business has to pay taxes!

In this episode I cover:

  • The different types of taxes your business may have to pay
  • What you need to prepare for if you sell to customers in a state outside the state where your business is registered
  • Registering in other states where you have employees or customers
  • The consequences you could face if you don’t pay your taxes
  • Some free resources to help

Key takeaway: No matter which state your 6-7 figure+ location-independent business calls home, you have to pay taxes. Make sure you’re not at risk for a potentially costly audit by seeking the advice of a professional.

Resources mentioned: Small Business Administration

This podcast is information, not legal advice specific to your situation.

Back to blog

Explore More Helpful Articles and Podcast Episodes

View all
  • Text Message Marketing Could Cost Your Business Millions - Here's How to Protect Yourself

    Text Message Marketing Could Cost Your Business Millions - Here's How to Protect Yourself

    SMS text message marketing can be an incredibly powerful tool for engaging customers and driving sales. But there’s a hidden risk: even a single text sent without proper compliance could cost your business $500 to $1,500 in fines. We're breaking down the essential legal steps you need to take to keep your SMS marketing strategy compliant and secure.

    Text Message Marketing Could Cost Your Business Millions - Here's How to Protect Yourself

    SMS text message marketing can be an incredibly powerful tool for engaging customers and driving sales. But there’s a hidden risk: even a single text sent without proper compliance could cost your business $500 to $1,500 in fines. We're breaking down the essential legal steps you need to take to keep your SMS marketing strategy compliant and secure.

  • Avoid FTC Fines: 7 Best Practices for Using Testimonials in Your Marketing

    Avoid FTC Fines: 7 Best Practices for Using Testimonials in Your Marketing

    Client testimonials are a powerful marketing tool, but they can also pose legal risks if not used correctly. The Federal Trade Commission (FTC) has strict rules regarding testimonials, especially when making claims about results. In this article, we cover key legal do’s and don’ts to help you use testimonials effectively while avoiding hefty fines and ensuring transparency with your audience.

    Avoid FTC Fines: 7 Best Practices for Using Testimonials in Your Marketing

    Client testimonials are a powerful marketing tool, but they can also pose legal risks if not used correctly. The Federal Trade Commission (FTC) has strict rules regarding testimonials, especially when making claims about results. In this article, we cover key legal do’s and don’ts to help you use testimonials effectively while avoiding hefty fines and ensuring transparency with your audience.

1 2
View all