1. Get Necessary Licenses and Permits:
Determine the licenses and permits required for your specific industry and location, and obtain them.
2. Open a Business Bank Account
Keep personal and business finances separate by opening a dedicated business bank account.
3. Register for State Taxes
Determine your state's tax requirements and register for state sales tax, payroll tax, or any other applicable taxes. 4. Register for Federal Taxes
Register for federal taxes with the IRS based on your business structure and activities. 5. File Annual Reports Many states require businesses to file annual reports to maintain their active status. 6. Secure Business Insurance Purchase insurance policies relevant to your business, such as liability insurance or workers' compensation. 7. Set Up Record-Keeping Systems Establish a system for maintaining financial records, invoices, and receipts.