Steps to Register a Business
The steps to register a business depend on your structure, location, and industry. You can find out if your business needs an Employer Identification Number (EIN) by using an IRS survey. You don’t legally have to register a sole proprietorship under your own name, but doing so doesn’t provide legal protection from debt or lawsuits.
Some regulated businesses require a registered entity to operate. Registration costs and the necessary records depend on the state and business structure. Employers should check with the appropriate state department for pricing. If your business is in a specific industry, you may require a trade license to operate locally and even need federal registration, like food businesses with the USDA.
Choosing a Business Name and Entity Registration
To operate under a business name besides your own, you must register it locally and federally. In some states, like Oklahoma, you may not need a business license, but others, such as Nevada, require one. Sole proprietors may only need a "doing business as" form.
For detailed information, you should check with your department of state or city/county registrar.
Local and Federal Considerations
As you grow your business, local and federal registration becomes necessary. This includes obtaining an EIN, articles of incorporation, licenses, permits, and more. The exact requirements will differ based on location and operations, but understanding these registration basics is essential to becoming an entrepreneur.