raleigh Posted January 8, 2011 Report Share Posted January 8, 2011 I am a new caregiver. I am very capable in the growing and knowledge of marijuana. Still learning everyday about the business side. Wanted to know if you need to actually register a business name with the state of Michigan, get tax ID number for caregiving business. If so, how do you report earnings? Will I be required to have receipts for MM purchases? ANY info on the business side of caregiving would really helpful. Thank you and good luck with ypur business Quote Link to comment Share on other sites More sharing options...
phaquetoo Posted January 8, 2011 Report Share Posted January 8, 2011 first you go down to the county building and give them a plan of your g.r, than you go to your county sherrif, local po po dept, and state boys and tell them your growing, Every one you distribute to, you will have to have there card, ss#, adress, and Birth date, keep on wall in the open for every one to read, and you keep track of all your supplys including gas to get to your nutes and lites, electric costs, time in labor, and you file with the irs, and you 1099 all of your patients and suppliers! I hope this helps! Good luck to ya! Peace FTW Jim do some reading of the law! you may not be ready to be a c.g yet! Quote Link to comment Share on other sites More sharing options...
Grow Thread Posted January 8, 2011 Report Share Posted January 8, 2011 Wanted to know if you need to actually register a business name with the state of Michigan, get tax ID number for caregiving business. the simple answer is "no" you do not need to. Quote Link to comment Share on other sites More sharing options...
raleigh Posted January 8, 2011 Author Report Share Posted January 8, 2011 Thanks for the responses guys. BUT these are 2 very different answers!! Hahaha Quote Link to comment Share on other sites More sharing options...
raleigh Posted January 8, 2011 Author Report Share Posted January 8, 2011 phaquetoo Is there a site to review the laws besides the Michigan.gov site? thanks in advance Quote Link to comment Share on other sites More sharing options...
DenturesLost Posted January 8, 2011 Report Share Posted January 8, 2011 phaquetoo Is there a site to review the laws besides the Michigan.gov site? thanks in advance he was being facetious... Quote Link to comment Share on other sites More sharing options...
free country 420 Posted January 8, 2011 Report Share Posted January 8, 2011 i dont believe that you have to register for a business license or pay taxs on earning but as i only grow for family there is no need to do said above because theirs no money changing hands.... i thought u could only charge for services rendered anyway? Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.