New graduates come out of school with more than just an education. They also have plenty of energy and ambition, and many of them have an entrepreneurial spirit. If you are planning on starting your own business, you need to know about a lot more than the service or product you’ll be providing. You also need to learn about your tax and legal obligations under local, state and federal laws. You need to find out what types of permits and licenses you’ll need, and importantly whether you should incorporate, form as an LLC, or whether you’re better off simply operating as an unincorporated sole proprietor.
No matter what decisions you make there are certain steps that all new business owners need to follow. Here are some of the most important business formation requirements.
For help with the formation of a new business, contact the attorneys at Baer Romain today for a consultation. We’ll be happy to assist you in your new venture.