In today’s high tech world, it no longer has to take extensive amounts of time to start a small business. Many of the business startup steps can be handled quickly via the Internet, including the ability to incorporate online, apply for a tax ID number, and apply for a small business loan.
Incorporation
To begin with, it is beneficial to incorporate your small business for many reasons. The main advantage is the protection of personal assets that is offered. Under this setup, business owners property cannot be a target of lawsuits or creditors. Also, corporations are taxed at a lower rate and credit ratings are established for the corporation, not based on the individuals rating.
There are websites that offer secure application forms for incorporating your business in as little as 10 minutes. The information you will typically need in order to complete the form are the state you are incorporating in and what type of corporation you will be establishing (e.g. Basic Corporation, S-corp, or LLC).
Tax ID Number
Next it is necessary for new business owners to apply for a Tax ID number, also known as EIN (employer identification number). ...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
