Registration and business licenses
Course description
You’ve done all your pre-planning and now it’s time to make your business official! In this lesson, you’ll learn about the first step in that process: registering your business at the federal, state, and local level.
KEY TAKEAWAYS
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Registering with the IRS obtains an EIN, which you’ll need to open a bank account or hire employees.
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Each state has its own process to register a business and you can find the steps to do so on your state government’s website.
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A CPA or business attorney is the best source of knowledge on local permits, licenses, and other registration requirements.