www.PartnerUp.com - Small Business Community
1
2 Views

Marquetta Alexander posted a new question on 2/10/2010

How do I register a new business


I want to start my business and have a name what is my next step?


Industry

Fashion / Apparel / Textiles


Skills

Construction / Facilities


State

Illinois


 
picture of Alice Nadin342

Alice Nadin Responded on 2/10/2010


There are 3 levels of registrations you need to be concerned about: Federal, State and local. Insurance is a whole other area - a good insurance broker (get quotes from several) can help you. Your personal home/car insurance most likely will NOT cover business loss - even in a home office. Back to registrations:
1. Federal you need an Employers ID # or EIN even if you are a biz of one. It is free and easy to get at:
http://www.irs.gov/businesses/small/article/0,,id=98350,00.html
2. IL has a good website to help you register your biz, check if you need a special certification and to obtain a Tax ID. See:
http://business.illinois.gov/starting.cfm
3. Locally you may need to obtain a business license and pay business privilege tax. It differs from city and town so call your local city tax department.

Hope that gets you going.
Alice, SCORE Pittsburgh

ps: SCORE also has local Chapters to help you with free face to face consulting. Find that office at www.score.org and use the Find SCORE option. Also check out www.bplans.com for plan ideas or Entrepreneur Magazine for great tips for a home based business.

 
 Respond to question
( Paste a youtube link to embed a video. eg: http://www.youtube.com/watch?v=dQw4w9WgXcQ )
1500 character max
0 characters

Share on:
 
 



 Explore The Community



 Helpful Resources