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.

 

[rajivkumar]

Here's how I would start a respectable business in the United States:
Choose a business structure, such as a corporation, an LLC, or a sole proprietorship.
Choose a name for your firm and check with your state to see whether it is available.
Register with the state, typically through the Secretary of State's website.
Obtain an EIN from the IRS; it is required for employment or tax purposes and is free.
Depending on your area and industry, apply for licenses or permissions.
To keep money separate, open a company bank account.
Begin keeping tax and accounting records immediately.
Obtaining business insurance and a municipal or federal trademark is optional, but recommended if you plan to expand.