Important Questions:
- How many owners will your business have?
- What kind of ownership structure will your business have?
- Sole proprietorship
- Partnership
- LLC
- C Corporation
- S Corporation
- How much protection from personal liability will you need (which depends on your business's risks)?
- Do you need insurance for a business property?
- Do you need liability insurance on vehicles used in your business, including personal cars of employees used for business?
- Will you need to purchase liability insurance for your premises if customers or clients will be visiting?
- Is your potential business property zoned for the type of business it will be?
- Will you be working from home? If so, do your business activities violate any zoning restrictions on home offices in your neighborhood?
- How would you like the business to be taxed?
- Would your business benefit from being able to sell stock?
- What will the geographic reach of your business be?
- In your county
- Regionally in your state
- Nationally
- Have you checked all the applicable lists to make sure your business name is available?
- County Clerk
- Secretary of State
- Federal trademark search
Following is a list of some of the paperwork you may be required to file when starting a business:
- Organizational paperwork:
Partnership:- Partnership agreement
- Buyout agreement (also known as a buy-sell agreement)
- Articles of organization
- Operating agreement
- Buyout agreement (also known as a buy-sell agreement)
- Pre-incorporation agreement
- Articles of incorporation
- Corporate bylaws
- Buyout agreement (also known as a buy-sell agreement or stock agreement)
- Articles of incorporation
- Corporate bylaws
- Buyout agreement (also known as a buy-sell agreement or stock agreement)
- File IRS Form 2553, Election by a Small Business Corporation
- Registration paperwork: register your business name with the county clerk and/or other registering entities.
- IRS paperwork: Obtain a federal employment identification number by filing IRS Form SS-4 (unless you are a sole proprietorship or single-member limited liability company without employees).
- Licenses and permits:
- Seller's permit from your state if you will sell retail goods.
- Local permits, if required, such as a conditional use permit or zoning variance.
- (DBA) "doing business as" registration (usually filed at the county level), city and/or county business license, fire department permit, sign permit, health department license, and liquor, wine, and beer licenses.
Our Business Formation Team:
Brian J. Plachta, Attorney, with more than 25 years of experience in Business, Corporate, Estate Planning, Probate, Elder, and Real Estate Law.
Miles J. Murphy, III, Attorney, with more than 24 years of experience in Family Law, Civil Litigation, Commercial Law, Personal Injury, and Insurance Subrogation.
Bryan Reeder, Attorney, who specializes in Business Transactions, Business Law, Civil Litigation, Estate Planning, and Real Estate.
