Business Set Up (Part 1 of 7)

The picture above was taken by Wow Your Brand at Jurupa Mountains Discovery Center

You've decided to leap into the world of entrepreneurship and you're overwhelmed with excitement. There are so many things to do. The process can seem overwhelming. These steps should lead you in the right direction toward a successful start. If you've already completed these steps, then use this series of blogs as a confirmation that you're doing everything right.

*Note: I am not a business lawyer. Should you have any legal questions, please contact your attorney. Use this information as a reference only.

 

Legitimize your Business

Nonprofit Organizations

As a nonprofit, there are a few steps you will want to take to set up your company. Here are some helpful links to get you started!

Legal Zoom - Reasons to form a nonprofit organization

A 50 state guide to form a nonprofit organization

Limited Liability Company (LLC)

This is a popular choice for many new businesses. When filing for an LLC, you will have personal asset protection and business and tax flexibility. Start the process of creating your LLC by going to your CPA or check out the following links and do it yourself. Either way, this process will vary depending on the state where you reside. 

Legal Zoom

LegalShield

LLC for Free

A 50 state guide to form a LLC company

Corporation (Inc)

Forming a corporation is a popular method because it offers many advantages. Most people incorporate to avoid personal liability, unlike sole proprietors and partnerships who risk their personal assets. 

Legal Zoom

LegalShield

IRS Information

A 50 state guide to form an Inc company

Doing Business As (DBA)

Sole Proprietorships use a DBA (Doing Business As) to conduct business. A DBA is also known as a "fictitious business name," "trade name," or "assumed name," depending on where you live. To learn more information or file your DBA you can use one of the links below. Laws are different per state so please check the laws where you live. 

Legal Zoom

Legal Shield

A 50 state guide to form a soleproprieter company 

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