LegalZoom: Next Steps for your New Business

legalzoom Next Steps for Your New Business FOR RENT ...... ..... CONGRATULATIONS! Forming your business is an exciting first step. 23 million-strong Here are additional You've joined the considerations to ensure you maximize your business's businesses in America. protection and success. community of small LICENSES AND PERMITS It's important to obtain the necessary permits and licenses required for your specific business activities in your place of operation to There are over 74,000 avoid fines, liabilities or even suspension. different licensing authorities across the country. Learn more TRADEMARK On average 47% of those individuals getting a trademark do so within the first two months of incorporation. 12+ months 12% 6- 12 months 0-2 months 23% 2-6 months Protecting your intellectual property is an important component of maintaining your business's brand MY BUSINESS and identity. Learn more As every Individual needs a credit score to apply for a credit card or mortgage, businesses BUSINESS CREDIT also have credit scores to apply for loans and do business with other companies. Learn more CERTIFICATE OF GOOD STANDING Most businesses will need a certificate of good standing when seeking funding and partnershlps from lenders, Investors or other businesses. Learn more EMPLOYER IDENTIFICATION NUMBER BANK According to the IRS, 100% of corporations and most LLCS must have an Employer Identification Number (EIN) for taxes and other purposes. EIN EINS are required by most banks when opening a business banking account. Learn more INCOME TAX FILING Each year, the average small business owner spends 270 hours and $4,400 out of pocket filing taxes. Working with a tax professional can save you time and money. Get your free consultation today. Learn more PROFESSIONAL GUIDANCE Any number of legal and tax questions may arise as you grow your business. For less than $1 a day, get peace of mind through LegalZoom's Business Legal Plan with unlimited consultations on new legal and tax matters. Learn more CONCLUSION MY BUSINESS Grand opening Start in on your business's next steps so you can ZOOM to success. Sources: Internal Legalzoom Data & Research Dunn & Bradstreet Credibility Corp: Demystlfying the D&B D-U-N-S@ Number The Federal Register: Proposed Collection; Comment Request for Forms 1065, 1065-B, 1066, 1120, 1120-C, 1120-F, 1120-H, 1120-ND, 1120-S, 1120-SF, 1120-FSC, 1120-L, 1120-PC, 1120-REIT, 1120-RIC, 112o-POLand Related Attachments The Small Business Administration: Small Business Trends