united-states, corporation, filing, legalWhat are the forms that I have to prepare to corporate my organization as it’s own entity? Do I have to file any forms federally (US)? What about filing forms for my state? What are the applicable tax laws I should note about starting up? Does the government treat startups differently than growing corporations?
If you're new to the startup scene, you might ask around to see if you are closely connected to a lawyer, or someone with legal experience.
The reality is, you have several options to make your business official in the United States
LLC - Limited Liability Company (the least risk, probably the best for solo entrepreneurs who just need some legal identity for tax purposes)
LLP - Limited Liability Partnership - great for two co-founders to start an entity together (getting legal documentation set up etc.)
S-Corp & C-Corp - made for larger businesses with bigger aspirations (basically capacity for more shareholders and different tax structures, especially for C-Corp).
Steps to set up a business, as per SBA's (Small Business Administration) advice
Starting a business involves planning, making key financial decisions and completing a series of legal activities. These 10 easy steps can help you plan, prepare and manage your business. Click on the links to learn more.
Step 1: Write a Business Plan Use these tools and resources to create a business plan. This written guide will help you map out how you will start and run your business successfully.
Step 2: Get Business Assistance and Training Take advantage of free training and counseling services, from preparing a business plan and securing financing, to expanding or relocating a business.
Step 3: Choose a Business Location Get advice on how to select a customer-friendly location and comply with zoning laws.
Step 4: Finance Your Business Find government backed loans, venture capital and research grants to help you get started.
Step 5: Determine the Legal Structure of Your Business Decide which form of ownership is best for you: sole proprietorship, partnership, Limited Liability Company (LLC), corporation, S corporation, nonprofit or cooperative (listed above).
Step 6: Register a Business Name ("Doing Business As") Register your business name with your state government.
Step 7: Get a Tax Identification Number Learn which tax identification number you'll need to obtain from the IRS and your state revenue agency.
Step 8: Register for State and Local Taxes Register with your state to obtain a tax identification number, workers' compensation, unemployment and disability insurance.
Step 9: Obtain Business Licenses and Permits Get a list of federal, state and local licenses and permits required for your business.
Step 10: Understand Employer Responsibilities Learn the legal steps you need to take to hire employees.
There are also more resources on that site. Hope it helps.
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