How to Start Your Business in 5 Easy Steps

HOW TO START YOUR BUSINESS IN 5 EASY STEPS Many entrepreneurs create their failure before they launch their business by not knowing how to correctly setup their business. Here are 5 steps you need to take to get your business up and running. 1 NAME YOUR BUSINESS Not only should you pick a name that reflects your brand identity, but you also need to ensure it is properly trademark registered and protected for the long-term. CHOOSE THE CORRECT BUSINESS STRUCTURE There are generally four main types of business structures: sole proprietorship, partnership, limited liability company (LLC), and corporation. Decide which one is right for your business. REGISTER BUSINESS WITH SECRETARY OF STATE File Articles of Organization (LLC) or Articles of Incorporation (Corporation) with your state's Secretary of State in the state you will be forming your business. %23 GET AN EMPLOYER 4 IDENTIFICATION NUMBER Apply for EIN online on www.IRS.gov. EIN is used for a number of business needs including: opening up a bank account, filing taxes, and applying for business licenses. APPLY FOR NECESSARY PERMITS & LICENSES Virtually every business needs some form of license or permit to operate legally. These may include business licenses, seller's permit, or a zoning permit, among many others. YOU ARE GOOD TO GO! Yοugot this! MOLLAEILAW.COM Business Lawyer for Entrepreneurs 3