text: what are the responsabilities of an indepedent business owner? i'm starting my own business and will like to know whar responsabilities i have... for ex: governmentalwise, and wich governmental office i hace to contact on this regards. as an ibo, my first responsibility is to account for all monies that are received and all monies that are expenses.  for instance, i am involved in a number of business (as an ibo) and i have a separate bank account for income and expenses for them (ie: one bank account, several streams of income and expenses, but the irs would like to see personal monies and business monies separated. i was lucky in that one bank in my area gave me $300 just for opening a business account.  of course, i ahd to have an ein, rather than a ssan, but that can be done with the irs on line and takes just a few minutes of your time.  just be sure to keep accurate records of income and expenses for your schedule c at tax time. if you use your car during the operation of the business, go to your local office supply store and get a little mileage booklet for a couple of bucks (tax deductable) for recording your mileage. good luck in your endeavor. bob