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How Do I Start A Business?
Whether you dream of running a corporation or launching a start up in your living room, the process of starting a business can be difficult and time consuming. Fortunately, there is a standardized process for registering your business with the government. If you are interested in becoming an entrepreneur, this guide will walk you through some of the legal requirements of starting a business in your state.
How can I get started?
Go to the U.S. Small Business Administration website and search for filing requirements by business type and state. If you decide to start a sole proprietorship, partnership, corporation, or LLC, you may need some of the following documents to help you register your business with the government.
What is a certificate of formation?
If you plan to start an LLC, you will need a certificate of formation (also known as articles of organization) to formally register your new business with the government. Your certificate of formation should include the purpose of your LLC, your location, and the names of your members and/or managers.
To register your LLC with the government, contact your state’s secretary of state office to obtain a certificate of organization for your new business.
What is a certificate of incorporation?
If you want to start a corporation, you will need a certificate of incorporation to file your organizing documents with your state’s government. Your certificate of incorporation (also known as articles of incorporation) should have your corporate name, the purpose of your corporation, the registered agent for your business, stock information, directors and officers, as well as your legal address.
To register your corporation with the state, you will need to contact your secretary of state’s office to obtain a certificate of incorporation.
What is a certificate of trade name?
A trade name (or doing business as name, DBA) is used to create a unique title for a new business. Sole proprietorships are known for using trade names, although multiple types of businesses can use DBAs to distinguish their business from their organization’s name. You can file a certificate of trade name with your county clerk’s office to register your DBA with the government.
Should I get insurance?
No matter what kind of business you start, you will need liability insurance to protect yourself from lawsuits and financial losses. Talk with your insurance agent to find the right type of liability insurance for your new business.