Incorporating is just one step in starting a new business. There are other federal, state, and practical considerations as well. The following is a list of things to do or think about once you have formed a new corporation.
- Consider registering a DBA if you want to do business under a name other than the official corporate name.
- Establish a corporate banking account.
- Contact the state tax board for information about state taxes and obtaining a state tax number.
- Check with the state department of consumer affairs to obtain any required business licenses or permits.
- Contact the Internal Revenue Service for information on filing your federal tax schedules.
- Find out about workers' compensation if you will have employees.
- Protect your trade name – contact LegalZoom for information on federal trademarks and copyright.
- Check zoning laws.
- Obtain city and/or county business licenses or permits.
- Get adequate business insurance or a business rider to a homeowner's policy.
- Get tax information such as record-keeping requirements, guidelines for withholding taxes (if you will have employees), information on hiring independent contractors, facts on estimating taxes, forms of organization, etc.
- Have business cards and stationery printed.
- Get an email address.
- Get your website set up.
The United States Small Business Administration (SBA) offers additional information and resources on starting a new business. You can visit them on the internet at www.sba.gov, or you can contact your local branch office by phone.
- Alternative Forms of Incorporation Not every corporation is a C-Corporation or an S-Corporation.
- Checklist for New Corporations
- Choosing Between Corporation and Limited Liability Company LLCs allow a business to have the limited personal liability of a corporation as provided by state law, while being treated as a partnership for purposes of Federal tax laws.
- Conducting Your Business as A Corporation The limited personal liability of a corporation isn't iron clad.
- Corporations compared to LLCs
- Corporations Compared to Sole Proprietorships and Partnerships
- Forming A Corporation: The Basics This article outlines what steps you'll need to take to form a corporation.
- Forming a Corporation
- Operating a Corporation
- The Pros & Cons of S-Corporation Status If the number of shareholders in your corporation is small, you may think that becoming an S-Corporation is the right move, but you should weigh the advantages and disadvantages first.
- S Corporations
- S-Corporation or C-Corporation - Which Should You Choose? Each has different advantages and requirements. Find out more.
- What is a corporation?
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