Why Try To Figure This Out On Your Own?
Sure, you can do this on your own.
But do you really want to?
As a trusted advisor, I have helped many entrepreneurs set up their own businesses.
Schedule a “Business Setup” Consultation to get started on the right path.
Everything You Need To Start Your Business
- Your Limited Liability Company (L.L.C.)
- Your Federal Tax ID Number (EIN)
- Your Boilerplate Operating Agreement (filled out)
- Business License Guidance
- Sales Tax/Merchant License Guidance
- Business Bank Account Guidance
- Accounting 101 Guidance
We will meet via Zoom for around 90 minutes.
At the end of our meeting, you will have digital copies and clearly understand the next steps to start your business.
Schedule Here to pick an available time on my calendar and get everything listed above for $250 plus the Secretary Of State Fee (an additional $52 in Missouri for example).
Starting A Business Checklist
1.) Create a Limited Liability Company (L.L.C.)
Setting up an LLC is the first step in creating a business that is an entity separate from yourself.
This offers you a layer of protection between your business and personal finances.
2.) File For Federal Tax ID Number (EIN)
Now that you have an LLC, you will need an EIN number to identify yourself to the government for taxes and other purposes.
3.) Draft An Operating Agreement
This boilerplate document outlines who owns what percentage of a company, and shows how current members can leave and now members can join.
All LLC Organizers sign and date this agreement once they are content with the terms.
Banks will often require this document to open an account.
4.) File For Applicable County/State Licenses
Most counties will require a Business License to operate.
If you are selling physical goods (as opposed to delivering a service) you will also need a Merchant License/State Sales Tax License.
5.) Set Up Business Bank Accounts
The purpose of an LLC is to show that your business is a separate entity.
You need separate business bank accounts for your business’s money.
Personal funds should never intermingle with the business account and vice versa.
6.) Business Accounting 101
At the end of the year, you will have to pay your business taxes.
Tracking as you go will make things much easier than trying to think back at year-end.
You will need a reliable way to track income and expenses.
Still Not Sure If This Is What You Need?
We can start off with a free 30-minute phone call to discuss your needs and see if this is the right path forward.
I can help!
What are you waiting for?
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