How to Register a New Business

business structure

If you want to start a business, you’ll need to register it with your state government. This process can vary depending on the type of business you’re starting and the state in which you’re registering, but there are some general steps you’ll need to follow.

1. Choose a business structure

The first step in registering your business is to choose a business structure. This will determine the legal status of your business and how it will be taxed. The most common business structures are sole proprietorships, partnerships, limited liability companies (LLCs), and corporations.

2. Register your business name

Once you’ve selected a business structure, you’ll need to choose a business name. This is the name that will be used on all of your business documents and correspondence. In most states, you can register your business name with the secretary of state or the county clerk.

Registering your DBA (“Doing Business As”) name

If you will be operating your business under a name that is different from your personal name, then you need to register a DBA. This can usually be done through your local county clerk or the Secretary of State’s office.

3. Obtain a business license

Depending on the type of business you’re starting, you may need to obtain a business license from your state or local government. This is typically required for businesses that sell products or services to the public.

4. Register for taxes

All businesses are required to pay taxes, so you’ll need to register your business with the IRS and your state’s tax agency. You’ll also need to obtain an Employer Identification Number (EIN) from the IRS.

5. Open a business bank account

Once you have your business license and tax registration in order, you can open a business bank account. This will help you keep your personal and business finances separate.

6. Comply with other requirements

Depending on the type of business you’re starting, there may be other compliance requirements you need to meet. For example, businesses that sell food or alcohol may need to obtain a permit from the health department.

Get started today!

Following these steps will help you get your business up and running smoothly. Be sure to check with your state’s government website for specific requirements in your area.