I'm wondering if I've missed anything? My husband started making soft plastic baits last August, mostly for himself. Very quickly people were asking to buy them, so we got our EIN, DBA, logo, checking account, Quickbooks, etc...
He has sold some to friends and this weekend we took an order to a local convenience store near the lake. I just heard today about the excise tax on lures. So I'm assuming we need to get registered, and complete form 720?
We've had a business before, but it was not anything that required an excise tax. I thought we had done everything we were supposed to do to be able to start selling to other people. Yikes, have I missed anything
else?
I appreciate any and all input!
Val