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BUSINESS STRUCTURE FOR SMALL FARMS: A QUICK Guide Carrie Beckman, WSU Extension, Community and Economic Development Faculty FS178E Page 1 ext.WSU.eduFS178EWSU EXTENSION BUSINESS STRUCTURE FOR SMALL
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01
Determine the type of business structure that suits your needs, such as sole proprietorship, partnership, corporation, or limited liability company (LLC).
02
Research and understand the legal requirements and regulations for the chosen business structure.
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Choose a unique name for your business that is not already registered by another entity.
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Register your business with the appropriate government agency or department.
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Obtain any necessary licenses or permits required for your specific industry or location.
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Develop a clear business plan outlining your goals, target market, marketing strategy, and financial projections.
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Set up a separate business bank account to keep personal and business finances separate.
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Determine the tax obligations and responsibilities for your chosen business structure.
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Consult with professionals, such as lawyers or accountants, to ensure compliance with all legal and financial requirements.

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Individuals starting a new small business venture.
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A business structure for small typically refers to legal entities such as sole proprietorships, partnerships, and limited liability companies that are used by small businesses to operate.
Small business owners are required to file a business structure for small to establish the legal framework of their business.
Business owners can fill out a business structure for small by providing information about their business, such as the type of entity, ownership structure, and business activities.
The purpose of a business structure for small is to establish the legal framework of the business, determine ownership and management structure, and define liability protection for the owners.
Information such as the type of entity, ownership structure, business activities, and contact information of the business owners must be reported on a business structure for small.
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