What are the first steps to legally set up a business in the U.S.?

[charlie]

I’m planning to start a small business but not sure where to begin. What are the essential steps — like business registration, EIN application, and choosing between LLC or sole proprietorship?

 

[Sunita]

• Choose a structure:
  
  • Sole proprietorship = simple, but no liability protection.
  • LLC = protects personal assets, moderate setup cost.
• Register your business name with your state.
• File formation documents (e.g., Articles of Organization for an LLC).
• Get an EIN from the IRS (free at irs.gov).
• Open a business bank account using your EIN and formation papers.
• Get licenses/permits required in your city or industry.
• Set up bookkeeping and taxes (track income, expenses, pay estimated taxes).

 

[Rick_Grimes]

Here's how I would launch a legitimate company in the United States:

• Select a business structure, such as a corporation, LLC, or sole proprietorship.
• Choose a name for your company and ask your state if it is available.
• Register with the state, usually via the Secretary of State's website.
• Obtain an EIN from the IRS; it is required for employment or taxes and is free.
• Depending on your location and industry, apply for licenses or permits.
• To keep money apart, open a business bank account.
• Create tax and accounting records immediately.

Obtaining business insurance and a local or federal trademark is optional but wise if you intend to expand.

 

[Sophie]

The steps to legally establish a business in the United States include selection of the structure (LLC, corporation, etc.), business name registration, obtaining an EIN, and any other licenses that may be required.