If you’re looking to start a small business, Incfile can help. They offer a wide range of services, from helping you form an LLC to applying for an EIN.
They also have a Learning Center with resources for entrepreneurs. These include an email course, entity quizzes, guides and infographics.
Forming an LLC
If you’re thinking about starting your own business, the first step is to form an LLC. A limited liability company is a common business entity that offers several benefits over sole proprietorships, including flexibility in how the management team is structured.
A well-drafted operating agreement can help resolve issues among members, such as how interests are transferred, how profits and losses are divided, and more. It can also prevent disputes over ownership and labor rights.
An important best practice is to keep personal finances separate from those of the LLC. This can help avoid piercing the LLC’s veil and protect you from personal liabilities related to your business.
A registered agent is an individual or organization authorized to receive legal documents on behalf of the LLC. The name and address of your registered agent should be listed on the Articles of Organization.
Applying for an EIN
One of the most important things you need to get started in your business is an EIN (Employer Identification Number). You can use this number to apply for bank accounts, set up credit cards and loans, hire employees and report any work you do as an independent contractor or payments you make from your business.
An EIN is issued by the Internal Revenue Service. It is a nine-digit number used to identify businesses for tax purposes and reporting.
You can apply for an EIN online through the IRS website or by fax. You must complete the application in one session, as it will not save your information or allow you to return at a later time.
Depending on the type of business, you may need to provide an EIN in order to establish a bank account. You can also use it when filing taxes with the IRS or state government.
Getting a business bank account
A business bank account is one of the first things you need to set up when starting a small business. This helps you stay legally compliant, provides perks to your customers and employees and also helps you establish your business credit and limit your personal liability.
Getting a business bank account is easy, as long as you have all the necessary documents and information to hand over. These can vary by type of business and the bank you choose, but most businesses will need the same basic documents.
Many banks offer online applications and accept e-signings for this process, although some require you to visit a branch. If you choose to apply in person, make sure you have all the needed documents and know who needs to sign for the account.
Setting up a website
A website is a collection of interlinked pages on the Internet grouped under a unique name or online address. It can be as simple as a few static pages or as complex as several web applications running simultaneously.
A typical website is a mix of text, images and may include video or audio. Its main purpose is to present information about a particular subject or to facilitate connection between people.
Depending on your specific needs, you will need to choose the kind of website that is right for you. For example, a dentist’s office would need a different site than an architecture firm.
Your site also needs to provide the right information and tools to achieve your goals. For example, a dental office would want to tell visitors about their services and allow them to make bookings or purchase products.
