What are the Major Legal Steps to Start a Business in the US

Well, there are multiple legal steps need to be taken in order to start a business within a legal framework. And, if you are starting a business for the first time, it can be quite overwhelming; you may find yourself stuck. So, ideally you should follow this sort of business setup checklist to organize yourself and proceed smoothly.

One of the first steps you should take in starting your business is choosing its legal structure; the most common structure is a limited liability company (LLC) because of its flexibility and the protection it provides owners from personal liability. But you may also consider sole proprietorship or a partnership in some cases. The best idea is to have word with an attorney who can suggest the right structure based on your business model.

The next most important step is to register your business name. Ideally a business name should be brandable yet not in use by someone else. You might also need to file patent in case of intellectual property.

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How to Register a Business in California

Then comes registering for the taxation and obtain EIN from IRS.

And then comes another important legal part, i.e. the licenses and the permits required to run a business. Most licenses are issued by the local authorities and the state, but in some cases you may be required to obtain federal license.

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How to Get Cleaning Business License in Florida?

The Bottom Line:

So, the entrepreneur will need to create the articles of incorporation, obtain an employer identification number and apply for necessary licenses, which will vary by state and industry, and it is going to be a daunting task if you plan to do it yourself. Alternatively, you can get help of a local attorney for a smooth process and to save time.

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