3 Let’s Set Up Your Business
Choosing a company name choose a name that defines your business quickly stay away from personal names that are more ego driven than business smart unless you have "Dog Walking" and/or "Pet Sitting as part of the name Women's names seem to work best Highlight the business; minimize the name Dog Walking and Pet Sitting is more important than the actual name Important for magnetic signs on car log in to your state’s Corporation Commission confirm that your company name is unique if not, you must choose another name Apply for and immediately receive an IRS EIN log onto IRS website
1.http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/How-to-Apply-for-an-EIN
DO NOT use non-IRS websites to apply for EIN After completing the EIN application, EIN will be generated immediately
III. Legally organize your company
log onto IRS website for discussion about business structures http://www.irs.gov/uac/Choosing-a-Business-Structure Sole ProprietorshipNo legal filings; no special requirements
You have no legal protection if you're ever sued
I do not recommend remaining a Sole Proprietor C-Corporation used by large companies with stockholders double taxation strict business requirements not suggested for our type of business S-Corporation can be used by small businesses pass-through taxation still has strict business requirements Limited Liability Company (LLC) perfect for small businesses pass-through taxation not very strict business requirements ideal for our type of business file with your state’s corporation commission can pay LegalZoom or IncFile.com to do this easy to do by yourself log onto your state’s corporation commission located page to apply for LLC answer all questions must have legal company name handyiii. afterwards pay application and filing fee
use credit or debit card
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