Business Formation starting your own business

  Business formation is the process of establishing a new business entity by following legal requirements and registering with the government:  

• Selecting a business structureThe type of business structure you choose will impact your business's liability, taxation, ownership, and decision-making processes. Some common business structures include sole proprietorships, partnerships, LLCs, corporations, and non-profits.  
• Registering with the stateDepending on the business structure you choose, you'll need to register your business with the state
• Obtaining licenses and permitsYou'll need to get any necessary licenses and permits to operate your business.  
• Setting up financial systemsYou'll need to set up financial systems for your business.  
• Filing legal documentsYou'll need to file legal documents with the government to begin operating your business. These documents may include Articles of Incorporation, Articles of Organization, an Employment Identification Number (EIN), and a Business Name Registration Form