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Business Purchase Checklist
1. Determine How the Business Is to Be Structured
(Consult with Attorney & Accountant):
Sole Proprietor
Partnership
C Corporation
S Corporation
Limited Liability Company (LLC)
Other
______________________________________________________________________
2. If You Do Not Have an Attorney or Certified Public
Accountant (CPA).
CPA Locator in
Idaho -- Click Here for Link
Find A CPA in Oregon -- Click
Here for Link
To ask the Idaho State Bar for a referral of an attorney -- Click
Here for Link
To find an Oregon attorney call the Lawyer Referral Service (800) 452-7636.
Click
Here for Link to Nationwide Attorney Referral Service -- Specify Idaho or
Oregon
3. File Name of Business, dba (doing business as) or Name with Appropriate
Authorities:
__________________________________________________________________________________
4. Verify That All Successor Liabilities are Current:
Sales Tax
Send proof of the
sale pending (i.e. copy of the purchase agreement) to the Idaho State Tax
Commission requesting verification that the Seller is current with his Sales
Tax.
The mailing address is:
Attn: Lois Brown
State Tax Commission
P.O. Box 36
Boise, ID 83722
Worker’s Comp Insurance
Buyer may purchase own policy or if assuming the existing policy, should
contact the carrier and
verify that it is current.
Payroll Taxes
In Idaho, Diane House is in charge of withholdings.
Her direct phone line
is (208) 334-7578.
5. Lease Assumption
Verify with landlord that
lease is assumable. Check for length of lease or options to renew.
6. Check with Insurance Carriers for Necessary Insurance Coverage:
Fire & Casualty
Liability
Workman’s Compensation
Medical
Business Interruption
Plate Glass Insurance
Product or Professional Liability
Bonds (If necessary)
Other
________________________________________________________________________
7. Obtain Federal Taxpayer ID (Identification)
Number:_____________________________________________
May obtain
by fax of IRS Form SS-4 to (215) 516-3990 OR you can obtain your tax ID number
over the phone by reading your filled in form over the phone to a
representative by calling (866) 816-2065.
Click Here for Link to Form SS-4 (This is a PDF File) 
8. General "Starting A Business" Information
Starting a Business in Idaho Publication -- Click
here for Publication
Tax
Information for Idaho Newcomers -- Tax rates and other information
Starting a Business in Oregon -- Click
here for Link
9. Payroll Tax Forms and Tables
Click here for
W-4 Form - Employees Withholdings Allowance Certificate
Click
Here for I-9 Form - Employment Eligibility Verification Form
Click here for
Circular E, Employer's Tax Guide - Wage Withholding Tables
Click here
for Idaho Employer's Guide -- Idaho Withholding Tables
Click here for
Oregon Withholding Tables -- Oregon Withholding Tables
10. State Registration Forms
Idaho Business Registration Form (Page 1 of 2) -- Click
here for Form
(This form is a joint registration for the Idaho Department of Labor, Idaho
State Tax Commission and Idaho
Industrial Commission)
Idaho Business Registration Form (Page 2 of
2) -- Click
here for Form
Idaho Beer and Wine License Application
-- Click here for
Form
Idaho Cigarette and Tobacco Tax Permit
Application -- Click here
for Form
11. Private Services Arrangements:
Trash and Rubbish Removal
Security Service
Burglar Alarm Service
Janitorial Service
Equipment Maintenance Contracts
Uniform Service
Inventory Service
12. Transfer Equipment Lease Agreements:
Vending Machines
Coffee Equipment
Refrigeration Equipment
Computer/Cash Register System
Other
_________________________________________________________________________
13. Permits, Licenses, Etc:
Apply for Sales Tax Permit (if necessary)
Alcoholic Beverage License
City or Town Business License (if required)
Health Permit
Fire Department Permit
Lottery License (if applicable)
14. Utilities:
Telephone
Electric
Gas
Water
Trash
Sewer
15. If Needed, Here is a General Job
Application for Hiring or Re-Hiring Existing Employees.
16. List of Important Telephone Numbers:
Department of Corporations
Idaho (208) 334-2301
Oregon (503) 986-2200
Filing of Fictitious Name
Idaho (208) 334-2301
Oregon (503)986-2200
Federal ID Number
Fax Form SS-4 to (801) 620-7115
Sales Tax Permits
Idaho (208) 334-7660
Click
here for Sales Tax Schedule
State Unemployment Tax
Idaho (208) 334-6339
Oregon (503) 947-1488
Worker’s Comp Insurance
Idaho (208) 334-6000
Oregon (503) 947-1488
Alcohol Beverage Control Bureau
Idaho (208) 884-7060
Oregon (800) 452-6522 or (503) 872-5070
Health Permit
Idaho - Contact Local Health District
Panhandle Health District -
Serving Benewah, Bonner, Boundary, Kootenai, & Shoshone Counties
North Central District Health
Department - Serving Nez Perce, Latah, Clearwater, Idaho, and Lewis
Counties
Southwest District Health Department - Serving Washington, Canyon,
Gem, Payette, Adams, and Owyhee
Counties - To contact a local office, look up in phone book under business
listings
Central District Health Department
- Serving Ada, Boise, Elmore, And Valley Counties
South Central District Health
Department - Serving Burley, Gooding, Hailey, Jerome, Rupert,
Shoshone, and Twin Falls Counties
Southeastern District Health
Department - Serving Bannock, Bear Lake, Bingham, Butte, Caribou,
Franklin, Oneida, and Power Counties
District Seven Health - Serving Teton, Jefferson, Bonneville, Clark,
Custer, Lemhi, Fremont, and Madison
Counties - To contact a local office, look up in phone book under business
listings
Oregon - Contact your counties Environmental Health Office, in
Malheur County call (541) 473-5186,
or if your county doesn't have one, call the Oregon Health Division in
Portland at (503) 731-4012
Lottery
Idaho (208) 334-2600
Oregon (503) 540-1000
Telephone Company
Contact Local Telephone Company
At&t (800)
645-3371
U.S. West (800)
244-1111
Look in your
local yellow pages
Electric Company
Idaho Power Billing Information (208) 388-2323
Look in your local yellow pages
Gas Company
Intermountain Gas Company (208) 377-6840
Look in your local yellow pages
Water Companies
Contact City Services
Eagle
(208) 939-0242
Garden
City (208) 472-2933
Meridian
(208) 888-5242
South
County Water Company (208) 375-1130
United
Water Corporation (208) 362-1704
Look in your local yellow pages
Trash Collection
Ada County (208) 345-1265
BFI (208)
364-2233
Garden
City (208) 472-2933
Kuna
(208) 922-5546
Meridian
(208) 888-4433
Look in your local yellow pages
Sewer Districts
Bench Sewer (208) 345-5363
Boise
Sewer (208) 384-3735
Eagle
Sewer (208) 939-0132
Kuna
Sewer (208) 922-4410
Meridian
Sewer (208) 888-2191
Northwest
Boise Sewer (208) 344-5991
West
Boise Sewer (208) 375-8521
Owyhee Sewer District (208) 362-1949
Look in your local yellow pages
Other
________________________________________________________________________
Important Dates to Remember:
Date of
Closing:_____________________________________________________________________
Date of Possesion:___________________________________________________________________
Date of
Inventory:____________________________________________________________________
Other Things to Be Done:
Establish Business Bank Account
Prepare for Employee Contracts, Agreements or Meetings
Establish Professional Relationship, Attorney, Accountant, etc.
Establish Outside Vendor Contacts – Suppliers,
Printers, Stationers,
Advertising or Public Relations Agencies, etc.
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