2. Working “Under The Table” vs. Having A Business License 1) “We’re Not in Business Anymore Toto?” FAQ’s 2) Follow the Yellow Brick/Red Tape Road: Steps to Getting a Business License 3) Our Trip to the Emerald City Hall 4) Fees and Taxes and Credits, Oh My! 5) There’s No Place Like Home Business Oz Overview

3. Drawbacks Benefits It’s essentially illegal. No way of insuring liability/preventing fraud. Won’t hold up in court if you have a legal dispute. Fined if caught. Almost no overhead. Don’t have to worry about paying fees. Don’t have to worry about filing taxes. No need to have separate bank accounts or credit cards. Working “Under the Table”

4. Drawbacks Benefits Have to pay fees. Have to file taxes. Uncle Sam is sticking his nose into your business! Literally! It’s the legal thing to do! Allows you and your company to grow. Qualify for benefits. Able to apply for loans and open business accounts through your bank/lender. Having a Business License

5. FAQ’s 1) “How do I apply for a business license?” 2) “Where do I get a business license?” 3) “How much does a business license cost?” 4) “What are the legal ramifications?” 5) “Can my business be audited once I get a business license?” 1) Applying for a business license is easy! Just follow these steps: 2) You can get a business license by applying online or going to your local city hall and filling out a few application forms. 3) You pay a $72 application fee plus a tax based on nature of business and estimated profit ($25 tax for less than $25,000 earned income). 4) You’ll have to file tax form 1099 every year you’re in business. 5) Yes it can! Keep good financial records and receipts up to 3 years! “We’re Not In Business Anymore Toto?” Adapted from the Concord, California “Business License Information” Brochure

6. Follow the Yellow Brick/Red Tape Road: Steps To Getting A Business License

7. Our Trip to the Emerald City Hall

8. Fees and Taxes and Credits, Oh My!

9. CITY OF CONCORD FINANCE DEPARTMENT SCHEDULE OF BUSINESS LICENSE TAXES Fees and Taxes and Credits, Oh My!

10. CITY OF CONCORD BUSINESS LICENSE APPLICATION For Business License Applications in your city: www.sba.gov/licenses-and-permits

11. CITY OF CONCORD HOME-BASED BUSINESS APPLICATION AND PERMIT There’s No Place Like Home Business

12. Working “Under The Table” vs. Having A Business License 1) “We’re Not in Business Anymore Toto?” FAQ’s 2) Follow the Yellow Brick/Red Tape Road: Steps to Getting a Business License 3) Our Trip to the Emerald City Hall 4) Fees and Taxes and Credits, Oh My! 5) There’s No Place Like Home Business Review