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CREDIT APPLICATIONCompany Information Company\'s Full Legal Name DBA (if different from Legal Name)Bill to AddressCityTelephoneFaxType of Organization: Only One)State Modelling ContactEmail(Check Corporation
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Determine the type of business structure you want to establish (sole proprietorship, partnership, corporation, etc.)
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Obtain the necessary permits and licenses for your chosen business type
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Register your business name and obtain a tax identification number
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Set up a business bank account and establish a system for keeping track of finances
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Stay compliant with all local, state, and federal regulations related to your specific business type

Who needs which type of business?

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Sole proprietorship - Individuals looking to start a small business on their own with minimal legal requirements
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Partnership - Two or more individuals looking to start a business together and share profits and losses
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Corporation - Businesses looking for limited liability protection and the ability to sell shares of stock to raise capital
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Limited Liability Company (LLC) - Business owners looking for a flexible business structure with limited liability protection
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The type of business refers to the classification or category in which a company operates, such as sole proprietorship, partnership, corporation, etc.
Different types of businesses have different filing requirements, but generally, all businesses are required to file taxes with the government.
Filling out the necessary forms and documents for a specific type of business will depend on the legal structure of the business and the requirements set by the tax authorities.
The purpose of a specific type of business can vary, but generally, it is to engage in commercial activities to generate profit.
Information that must be reported on a specific type of business can include financial statements, income earned, expenses incurred, taxes paid, etc.
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