Step 1: Business Structure and Name

Determine the legal structure of the business and properly file the business name with the state and/or county.    

Step 2: Business Tax Responsibilities

Determine the potential tax responsibilities of the new business on the federal, state, and local levels.   

Step 3: Business Licenses and Permits by Business Type   

Determine necessary licenses, permits, certifications, registrations, and/or authorizations for a specific business on the federal, state, and local levels.      

Step 4:  Business Employer Requirements  

Determine federal and state employer requirements. There are various laws relating to employment of personnel.

These four steps to starting a business are discussed in greater detail in the four chapters mentioned above. However, new business owners should always seek the guidance of a professional tax consultant, accountant, and/or attorney to verify all legal requirements are met before operating a business.