Starting a Business
Starting a Business[pic] | |
|Starting Your Own Small Business, Means You Need to Get a Business License, Tax Id Number, DBA, Incorporate or Form an LLC Here |
| |Business Licenses, Tax Ids, & | |
|[pic] |Permits * | |
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|Note: All businesses are legally required to get these documents before starting operations . . more.... |
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|Short & Easy Quiz to Determine Whether You Need to Get a Tax Id Number, Incorporate, Form an LLC, File a DBA, or Register Your |
|Business by Filing a Business License. Click Here |
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| * These rules apply to All States & All businesses: * |
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|All businesses need The Licenses Below |
|Including businesses run by professionals, contractors, online web sites, selling on eBay, home businesses, sole owners, |
|partnerships, corporations, or any other business. |
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|1. Business License |
|All businesses are required to obtain a Business License - (note: A corporation, LLC or DBA filing is NOT a business license |
|filing). |
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|2. DBA Fictitious Business Name |
| Businesses using a name other than the owner's name are required to register a DBA / Fictitious Business Name Certificate. Note |
|that you can incorporate or form an LLC instead of filing a DBA. If you are an LLC or Corporation you don't need a dba. |
|3. State Tax Id / Employer Id Number EIN |
|Businesses that are employers are required to obtain a State Tax Id (EIN) and a Federal Tax Id (FEIN) NOTE: Sole owners can use |
|a federal tax id to build business credit. |
|4. Seller's Permit / Resale / Reseller's License / Tax ID |
| Wholesalers, retailers of taxable goods / services require a Wholesale License / Seller's Permit / Resale License. |
|5. Federal Tax Id Employer Identification Number FEIN |
| Corporations or LLCs, employers, and, in some states, those businesses that are also getting a Seller's Permit are required to |
|obtain a Federal Tax Id (FEIN) and a Business License. |
|6. Corporation or Limited Liability Company |
|A Corporation or LLC filing will eliminate personal legal and financial liability, save taxes, and protect your personal assets. |
|Click Here to File Your Corporation Or LLC. |
|7. Partnership / LLC Agreement |
| Partnerships and LLCs should have an Operating Agreement |
|Here's the Process of Starting a Business: |
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|First, register a business name, get your business tax Ids, and obtain all required business licenses below. Then open a Business |
|Bank Account |
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