How To Start a Business in Fayetteville

         

Table of Contents

I. Introduction............................................................................................................................................... 1

           a) City of Fayetteville................................................................................................................................. 1

           b).................................................................................................................. 1

II.    ........................................................................................................................ 2

            a) Fayetteville Chamber of Commerce...................................................................................................... 2

III.   ....................................................................................................................... 3

           a) Development Services Department....................................................................................................... 3

IV.    ....................................................................................................................... 4

          a) General Contacts................................................................................................................................... 4

              1. Building Safety Division....................................................................................................................... 4

              2. Solid Waste and Recycling.................................................................................................................. 4

              3. Business Office/City Cashier............................................................................................................... 5

         b) If Your Business is a Hotel, Motel, Restaurant or Sells/Serves Alcohol.................................................... 5

             1. Hotel, Motel, Restaurant (HMR) Tax..................................................................................................... 5

             2. Alcohol Beverage Applications............................................................................................................. 5

             3. Supplemental Beverage Tax................................................................................................................ 6

         c) Existing Building....................................................................................................................................... 6

         d) New Building Construction...................................................................................................................... 6

V.     .........................................................................................................................7

         a) Telephone Services, Internet and Cable TV............................................................................................ 7

             1. Cox Communications........................................................................................................................... 7

             2. AT&T.................................................................................................................................................... 7

             3. Newroads Telecommunications........................................................................................................... 7

         b) Electrical Services.................................................................................................................................... 7

             1. AEP/Southwestern Electrical Power Company (SWEPCO)................................................................... 8

             2. Ozarks Electric Cooperative Corporation............................................................................................. 8

         c) Water Services........................................................................................................................................ 8

             1. City of Fayetteville............................................................................................................................... 8

         d) Natural Gas Service................................................................................................................................. 8

             1. Source Gas LLC................................................................................................................................... 8

         e) Health Permits......................................................................................................................................... 9

         f) Tobacco Permits....................................................................................................................................... 9

         g) Environmental-related Permits................................................................................................................ 9

VI.   .................................................................................................................. 10

         a) Business License................................................................................................................................... 10

         b) Doing Business As/Fictitious Business Name......................................................................................... 10

         c) Registering Your Business.................................................................................................................... 10

         d) Employer Identification Number (EIN)................................................................................................... 11

             1. Online.............................................................................................................................................. 11

             2. Telephone....................................................................................................................................... 11

             3. Fax.................................................................................................................................................. 11

             4. Mail.................................................................................................................................................. 11

         e) Taxes................................................................................................................................................. 12

             1. Federal........................................................................................................................................... 12

                     i. Federal Income Tax.................................................................................................................... 12

                       - Sole Proprietorship.................................................................................................................... 12

                       - Partnership............................................................................................................................... 12

                       - Corporation............................................................................................................................... 12

                     ii. Self Employment Tax.................................................................................................................. 12

            2. State.................................................................................................................................................. 13

                     i. State Income Tax........................................................................................................................ 13

                     ii. Sales Tax................................................................................................................................... 13

                     iii. Sales Tax Exemption Certificate................................................................................................ 13

                     iv. Corporate Franchise Tax........................................................................................................... 14

                     v. Miscellaneous Tax...................................................................................................................... 14

           3. Washington County............................................................................................................................. 15

                     i. Real Property Tax....................................................................................................................... 15

                     ii. Personal Property Tax................................................................................................................ 15

           4. City...................................................................................................................................................... 15

VII.   ..................................................................................................................... 15

          a) Social Security Number (SSN)............................................................................................................... 16

          b) Employee Eligibility Verification (Form I-9)............................................................................................ 16

          c) Tax Withholdings.................................................................................................................................. 16

              1. Federal Income Tax Withholding (Form W-4).................................................................................... 16

              2. Social Security and Medicare Withholding Taxes.............................................................................. 16

              3. State Income Tax Withholding.......................................................................................................... 17

          d) Federal Wage and Tax Statement (Form W-2)..................................................................................... 17

          e) Workers’ Compensation Insurance...................................................................................................... 17

          f) Unemployment Insurance..................................................................................................................... 18

              1. Federal Unemployment (FUTA) Tax................................................................................................... 18

              2. State Unemployment Tax................................................................................................................. 18

          g) Employee Records/Labor Laws............................................................................................................ 18

VIII.   ................................................................................................................... 18

          a) Commercial Property Insurance........................................................................................................... 18

          b) Professional Liability............................................................................................................................. 19

          c) Home-Based Business Insurance......................................................................................................... 19

          d) Key Employee of Key Man Insurance.................................................................................................... 19

          e) General Liability Insurance................................................................................................................... 19