Starting a Business in DC Guide
Our guide is here to help start a business in DC. We developed an easy to follow checklist to walk through the necessary steps to build a strong foundation for a successful business.
DC is a thriving marketplace for ideas, innovation, and invention. It offers opportunities in a range of industries with its universities, government, and private research institutions.
Legal Steps to Start a DC Business
To start a DC business in 2023, explore the legal aspects like establishing an LLC, which brings benefits for entrepreneurs. A vital step is successfully opening a DC LLC, ensuring legal compliance, and securing a foundation. When starting a DC business in 2023, factor in costs like LLC services cost.
Registering Your Business with DCRA
Once decided to start a DC business, register it with the Department of Consumer and Regulatory Affairs (DCRA). Benefits include limiting liability, establishing credibility with customers and investors, easier transfer of ownership, and tax benefits.
- Register online through the DCRA website or visit a service center.
Steps to Further Develop Your DC Business
To take your business further, follow these steps:
- Pick a structure
- Name your business
- Obtain necessary licenses and permits before operating
- File tax forms and obtain an Employer Identification Number (EIN)
Tax deadlines are important to keep as failure to file/pay on time can result in penalties and interest charges.
Filing Articles of Organization
Prepare and file articles of organization with the DC Corporations Division to properly register your DC LLC by filling out an online form. Information needed includes: LLC name, address of principal office, name and address of registered agent.
District of Columbia Business License
Does the District of Columbia require a business license?