When daydreaming about starting a successful spa business, visions of taxation and articles of incorporation usually do not jubilantly dance in your head. Unfortunately, many of the most important tasks to set a business up for financial success are the most tedious and, frankly, foreign to a budding, creative “spapreneur.” There are five main legal and tax details to focus on when starting a spa business: decide on a business structure, register a business name, apply for a Federal Employer Identification Number, obtain a business license, and start a business banking account. These obligations are not part of the fun or glamorous side of starting a business, but they will help to ensure the business lasts longer than the daydream.
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