The conversation between human and AI assistant.
When is it necessary to obtain a business license? What else is really necessary besides tax filing in order to run your business legally?
That's good advice. What about employees? Are there any legal requirements I should be aware of if I'm hiring people?
Yes, if you're hiring employees, you'll need to get an employer identification number (EIN) from the IRS. You'll also need to report any wages you pay to your employees and withhold the appropriate taxes from their paychecks. And depending on your state and local laws, you might need to provide certain benefits, like workers' compensation insurance or paid time off.