Steps to Starting a Business in California
Starting a business in California takes 7 steps:
- Choose a business name
- Choose a business structure
- Register with the Secretary of State
- Obtain licenses and permits
- Comply with regulations
- Handle tax requirements
- Open your doors
Key Considerations for Starting a Business in California
- Make a comprehensive business plan
- Obtain a California business license and register with the Secretary of State
- Research business structures that suit your company and state laws
Business Structure Basics
- Sole proprietorship: Unincorporated business with a single owner
- Limited Liability Company (LLC): Hybrid structure that combines tax benefits of a partnership with liability protections of a corporation
- Corporation: Separate legal entity owned by shareholders, providing personal liability protection and tax benefits