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Hold and document initial meeting of shareholders. Obtain federal tax identification number (EIN). Obtain necessary business licenses. Open a business bank account, obtain business credit card and begin establishing establish clear separation of business and personal assets.
Get an Employer Identification Number (EIN) from the IRS. ... Apply for your business licenses. ... Meet with a tax advisor. ... Open a business bank account. ... File a Doing Business As (DBA). ... Protect your name with a trademark. ... Understand what you need to do to stay compliant.
Obtain Any Necessary Business Licenses and Permits. ... Get a Seller's Permit. ... Get an Employer Identification Number (EIN) ... Apply for S Corporation S Treatment (If Applicable) ... Open a Business Bank Account. ... Apply for a Business Credit Card. ... Insure Your Business.
Choose business structure. The first step is to decide on a business structure. ... Find a location. Once you select the business structure that works best for you, you need to choose a location. ... Register your business name. ... Register with the IRS. ... Register with state and local agencies. ... Apply for licenses and permits.
How long does it take to register a Company? A Company certificate can be registered within 3-5 days afterward, depending on whether you have submitted your documents on time, and the workload of the registrar's office.
After forming an LLC, you should prepare an operating agreement and set up a file or binder for your important business records. A handful of states require LCS to publish notice of their formation, and some states also require LCS to file initial reports.
Obtain Any Necessary Business Licenses and Permits. ... Get a Seller's Permit. ... Get an Employer Identification Number (EIN) ... Apply for S Corporation S Treatment (If Applicable) ... Open a Business Bank Account. ... Apply for a Business Credit Card. ... Insure Your Business.
Choose an LLC name. ... File articles of organization. ... Create an LLC operating agreement. ... Publish a notice (AZ and NY only). ... Obtain licenses and permits. ... Retain your limited liability.
To form an LLC, a business license is not required, but it may be necessary to register the LLC with the state and obtain an occupational license before the LLC can legally operate as a business. Some fields issue professional licenses that have their own set of requirements.
Incorporate Early to Reap the Benefits. ... Incorporate Before You Sign Contracts to Enjoy Limited Liability Protection. ... Incorporate Early to Establish Business Interests Among Founders. ... Incorporate Before Hiring Employees Helps to Protect Your Assets.
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