Starting a business is an exciting journey that requires careful planning and proper documentation. This guide will walk you through the essential steps to establish your business legally and obtain necessary tax identification.
Step 1: Choose Your Business Structure
Decide between:
Sole Proprietorship
Limited Liability Company (LLC)
Corporation
Partnership Each structure has different tax implications and liability protection.
Step 2: Reserve Your Business Name
Conduct a Name Search
Search your state's business registry database
Check trademark databases (USPTO.gov)
Search domain name availability
Reserve the Name
File a name reservation application with your state
Pay the reservation fee (typically $10-$50)
Reservation usually lasts 90-120 days
Register Domain Names
Secure your business domain name
Consider registering variations to protect your brand
Step 3: Get Your EIN (Employer Identification Number)
Prepare Required Information
Legal business name
Business address
Responsible party's SSN
Type of business entity
Apply Online
Visit IRS.gov
Complete the online application (Form SS-4)
Application is free
Receive your EIN immediately
Alternative Methods
Apply by fax
Apply by mail
International applicants can call
Step 4: Additional Requirements
Business Licenses
Obtain necessary state licenses
Apply for industry-specific permits
Get local business licenses
Register for State Taxes
Sales tax permit
Employer taxes
Industry-specific taxes
Open Business Bank Account
Bring your EIN
Business formation documents
Initial deposit
Pro Tips:
Keep copies of all registration documents
Set up a dedicated business email
Consider working with a business attorney
Create a compliance calendar
Set up proper accounting systems
Remember, requirements may vary by state and industry. Always check with your local government offices for specific requirements in your area.
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