As a new business owner, you need to know your federal tax responsibilities. In addition to knowing about federal taxes, you need to make some basic business decisions. Ask yourself:

• What are my financial resources?

• What products and services will I sell?

• How will I market my products and services?

• How will I develop a strategic business plan?

• How will I manage my business on a day-to-day basis?

• How will I recruit employees?

The Small Business Administration (SBA) is a federal agency that can help you answer questions such as those listed above.  

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