NES Tax & Accounting’s Post

Starting a new business? Congrats! 🥳 It's an exciting time, but also an important time to be checking all the proper boxes. The legal requirements for starting a business are going to vary by state, so search online for your state’s specific rules. Generally speaking, you’ll need to: ✅ Choose a business entity ✅ Choose a business name ✅ Check to see if that name is available in your state ✅ Register your business name with your state ✅ Register for a federal EIN* (Employer Identification Number) ✅ Open a business bank account (you’ll need an EIN to do this, plus it will come in handy for paying all of those registration fees) ✅ Check into any state-mandated business licenses or permits required for your type of business *Note that not every business needs an EIN. If you don’t have employees, many sole proprietors and single-member LLCs aren’t required to get one. But they are free and it provides for easier scalability down the road. All of this will take some time and patience. Be prepared to fill out multiple online forms and be sure to save all of your registration documents in a safe place. Fortunately, most of it can be done online these days.

Starting a new business? Congrats! 🥳 It's an exciting time, but also an important time to be checking all the proper boxes. The legal requirements for starting a business are going to vary by state, so search online for your state’s specific rules. Generally speaking, you’ll need to: ✅ Choose a business entity ✅ Choose a business name ✅ Check to see if that name is available in your state ✅ Register your business name with your state ✅ Register for a federal EIN* (Employer Identification Number) ✅ Open a business bank account (you’ll need an EIN to do this, plus it will come in handy for paying all of those registration fees) ✅ Check into any state-mandated business licenses or permits required for your type of business *Note that not every business needs an EIN. If you don’t have employees, many sole proprietors and single-member LLCs aren’t required to get one. But they are free and it provides for easier scalability down the road. All of this will take some time and patience. Be prepared to fill out multiple online forms and be sure to save all of your registration documents in a safe place. Fortunately, most of it can be done online these days.

Starting a new business? Congrats! 🥳 It's an exciting time, but also an important time to be checking all the proper boxes. The legal requirements for starting a business are going to vary by state, so search online for your state’s specific rules. Generally speaking, you’ll need to: ✅ Choose a business entity ✅ Choose a business name ✅ Check to see if that name is available in your state ✅ Register your business name with your state ✅ Register for a federal EIN* (Employer Identification Number) ✅ Open a business bank account (you’ll need an EIN to do this, plus it will come in handy for paying all of those registration fees) ✅ Check into any state-mandated business licenses or permits required for your type of business *Note that not every business needs an EIN. If you don’t have employees, many sole proprietors and single-member LLCs aren’t required to get one. But they are free and it provides for easier scalability down the road. All of this will take some time and patience. Be prepared to fill out multiple online forms and be sure to save all of your registration documents in a safe place. Fortunately, most of it can be done online these days.

Starting a new business? Congrats! 🥳 It's an exciting time, but also an important time to be checking all the proper boxes. The legal requirements for starting a business are going to vary by state, so search online for your state’s specific rules. Generally speaking, you’ll need to: ✅ Choose a business entity ✅ Choose a business name ✅ Check to see if that name is available in your state ✅ Register your business name with your state ✅ Register for a federal EIN* (Employer Identification Number) ✅ Open a business bank account (you’ll need an EIN to do this, plus it will come in handy for paying all of those registration fees) ✅ Check into any state-mandated business licenses or permits required for your type of business *Note that not every business needs an EIN. If you don’t have employees, many sole proprietors and single-member LLCs aren’t required to get one. But they are free and it provides for easier scalability down the road. All of this will take some time and patience. Be prepared to fill out multiple online forms and be sure to save all of your registration documents in a safe place. Fortunately, most of it can be done online these days.

Starting a new business? Congrats! 🥳 It's an exciting time, but also an important time to be checking all the proper boxes. The legal requirements for starting a business are going to vary by state, so search online for your state’s specific rules. Generally speaking, you’ll need to: ✅ Choose a business entity ✅ Choose a business name ✅ Check to see if that name is available in your state ✅ Register your business name with your state ✅ Register for a federal EIN* (Employer Identification Number) ✅ Open a business bank account (you’ll need an EIN to do this, plus it will come in handy for paying all of those registration fees) ✅ Check into any state-mandated business licenses or permits required for your type of business *Note that not every business needs an EIN. If you don’t have employees, many sole proprietors and single-member LLCs aren’t required to get one. But they are free and it provides for easier scalability down the road. All of this will take some time and patience. Be prepared to fill out multiple online forms and be sure to save all of your registration documents in a safe place. Fortunately, most of it can be done online these days.

Starting a new business? Congrats! 🥳 It's an exciting time, but also an important time to be checking all the proper boxes. The legal requirements for starting a business are going to vary by state, so search online for your state’s specific rules. Generally speaking, you’ll need to: ✅ Choose a business entity ✅ Choose a business name ✅ Check to see if that name is available in your state ✅ Register your business name with your state ✅ Register for a federal EIN* (Employer Identification Number) ✅ Open a business bank account (you’ll need an EIN to do this, plus it will come in handy for paying all of those registration fees) ✅ Check into any state-mandated business licenses or permits required for your type of business *Note that not every business needs an EIN. If you don’t have employees, many sole proprietors and single-member LLCs aren’t required to get one. But they are free and it provides for easier scalability down the road. All of this will take some time and patience. Be prepared to fill out multiple online forms and be sure to save all of your registration documents in a safe place. Fortunately, most of it can be done online these days.

Starting a new business? Congrats! 🥳 It's an exciting time, but also an important time to be checking all the proper boxes. The legal requirements for starting a business are going to vary by state, so search online for your state’s specific rules. Generally speaking, you’ll need to: ✅ Choose a business entity ✅ Choose a business name ✅ Check to see if that name is available in your state ✅ Register your business name with your state ✅ Register for a federal EIN* (Employer Identification Number) ✅ Open a business bank account (you’ll need an EIN to do this, plus it will come in handy for paying all of those registration fees) ✅ Check into any state-mandated business licenses or permits required for your type of business *Note that not every business needs an EIN. If you don’t have employees, many sole proprietors and single-member LLCs aren’t required to get one. But they are free and it provides for easier scalability down the road. All of this will take some time and patience. Be prepared to fill out multiple online forms and be sure to save all of your registration documents in a safe place. Fortunately, most of it can be done online these days.

Starting a new business? Congrats! 🥳 It's an exciting time, but also an important time to be checking all the proper boxes. The legal requirements for starting a business are going to vary by state, so search online for your state’s specific rules. Generally speaking, you’ll need to: ✅ Choose a business entity ✅ Choose a business name ✅ Check to see if that name is available in your state ✅ Register your business name with your state ✅ Register for a federal EIN* (Employer Identification Number) ✅ Open a business bank account (you’ll need an EIN to do this, plus it will come in handy for paying all of those registration fees) ✅ Check into any state-mandated business licenses or permits required for your type of business *Note that not every business needs an EIN. If you don’t have employees, many sole proprietors and single-member LLCs aren’t required to get one. But they are free and it provides for easier scalability down the road. All of this will take some time and patience. Be prepared to fill out multiple online forms and be sure to save all of your registration documents in a safe place. Fortunately, most of it can be done online these days.

Starting a new business? Congrats! 🥳 It's an exciting time, but also an important time to be checking all the proper boxes. The legal requirements for starting a business are going to vary by state, so search online for your state’s specific rules. Generally speaking, you’ll need to: ✅ Choose a business entity ✅ Choose a business name ✅ Check to see if that name is available in your state ✅ Register your business name with your state ✅ Register for a federal EIN* (Employer Identification Number) ✅ Open a business bank account (you’ll need an EIN to do this, plus it will come in handy for paying all of those registration fees) ✅ Check into any state-mandated business licenses or permits required for your type of business *Note that not every business needs an EIN. If you don’t have employees, many sole proprietors and single-member LLCs aren’t required to get one. But they are free and it provides for easier scalability down the road. All of this will take some time and patience. Be prepared to fill out multiple online forms and be sure to save all of your registration documents in a safe place. Fortunately, most of it can be done online these days.

Starting a new business? Congrats! 🥳 It's an exciting time, but also an important time to be checking all the proper boxes. The legal requirements for starting a business are going to vary by state, so search online for your state’s specific rules. Generally speaking, you’ll need to: ✅ Choose a business entity ✅ Choose a business name ✅ Check to see if that name is available in your state ✅ Register your business name with your state ✅ Register for a federal EIN* (Employer Identification Number) ✅ Open a business bank account (you’ll need an EIN to do this, plus it will come in handy for paying all of those registration fees) ✅ Check into any state-mandated business licenses or permits required for your type of business *Note that not every business needs an EIN. If you don’t have employees, many sole proprietors and single-member LLCs aren’t required to get one. But they are free and it provides for easier scalability down the road. All of this will take some time and patience. Be prepared to fill out multiple online forms and be sure to save all of your registration documents in a safe place. Fortunately, most of it can be done online these days.