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Go the data you need to start and run a small business.

Protect Your Concern

Create your LLC with Nolo

Nolo's Pocket-size Business organisation Resources Center can assist y'all notice answers to your business questions. For almost fifty years, Nolo has been helping consumers and small businesses by providing high quality, free legal information developed by our team of attorneys. Whether you are simply developing your business idea or set to open your doors for business organisation, we accept resources to help.

Develop a Business Plan
Choose Your Business concern Construction
Form Your Business
Get Your Business Up and Running
Stay Legally Compliant
Managing Your Business
Going Out of Concern

Develop a Business Programme

Every new business starts with an thought, just can you turn that idea into a moneymaking business? Acquire how to evaluate your idea and develop a solid business programme.

Evaluate Your Business Idea. Pros and cons to counterbalance before starting your own business concern.
Five Questions to Inquire Before Starting Your Business organisation. Questions to assistance you decide if the business organization you are because is right for you.
Why You Demand to Write a Business concern Plan. Why every business owner should create a business plan -- fifty-fifty if you're not trying to raise money.

Choose Your Business organisation Structure

Before starting your business organisation, you will need to choose an buying structure. There are pros and cons that are important to consider so you choose the business organization structure that's best for y'all.

Business Structure Quiz. Accept our business organization formation quiz to notice out what ownership structure is right for your business.
Limited Liability Company (LLC) Basics. Limited liability companies offer liability protection, flexible management construction, and certain tax advantages.
Corporation Basics. Corporations offer liability protection and certain tax and investor advantages but have more corporate formalities than LLCs.
Sole Proprietorship Basics. A sole proprietorship is the simplest legal structure for a small concern owner.
Partnership Basics. A partnership is the simplest legal structure for a business with more than one owner.
Business concern Construction Comparisons. Acquire how the different business structures compare to 1 another.

Form Your Concern

Once you have decided on your business entity, you will need to accept steps to form your concern. Whether it'due south an LLC, corporation, sole proprietorship, or partnership, learn what you need to practice to create your concern.

How to Form an LLC. Stride-by-stride guide to forming a limited liability company in any country.
How to Form a Corporation. Learn the steps y'all demand to take to incorporate your business concern.
How to Grade a Sole Proprietorship. Everything you demand to know to become a sole proprietorship in your state.
Create a Partnership Agreement. How to create a partnership agreement and ascertain each partner's rights and responsibilities.
Choose a Business organization Name. No matter what business entity you choose, you volition need to pick a name for your concern.

How to Start an LLC - Nolo

Get Your Business Up and Running

Later forming your business, there are additional steps required before y'all can open up your doors for business. These include opening a bank account, leasing space, getting necessary licenses and permits, and making sure you are in compliance with land and federal laws.

Utilise for an Employer Identification Number (EIN). An EIN is a taxpayer identification number that most businesses demand to pay taxes and open up a bank business relationship.
Open a Business Bank Account. This is an essential first step to make sure you lot go along your business organisation and personal expenses separate.
Obtain a Business License. Make sure you have all the concern licenses and permits y'all need to get started.
Find a Location for Your Business. Learn what to look for when choosing a space for your business organisation.
Qualify to Do Business organisation Exterior Your State. If your business operates outside its home state, it may demand to register every bit an out-of-land business.

Stay Legally Compliant

Once your business is up and running, you will have ongoing responsibilities to stay in legal compliance and protect your brand. At this stage, you might wait into trademark registration to keep other businesses from using your name or logo. Be sure to check with your state and licensing agencies to decide if you lot must file annual or biannual reports to go on your business organisation in good standing. Further, every business organisation owner should plan for unforeseen circumstances past exploring options for insurance.

Domain Names and Trademarks. Understand the difference between domain names and trademarks, and why both are of import for your business.
Almanac reporting and taxes. If you own an LLC, your country might require you to file an annual study and pay an annual tax or fee.
Minor Business concern Insurance. Learn nearly the different types of insurance y'all should consider to protect your business.

Managing Your Business

To successfully grow your business, you'll need to sympathize some basics about how to properly manage a business concern. From accounting to taxes to hiring employees, make certain you sympathize the do's and don'ts so you develop long-term successful business practices.

Bookkeeping and Accounting. Larn the basics nearly accounting and record keeping for your business organisation.
Business Taxes. Make sure you know how to pay your taxes and get the most out of valuable business organization revenue enhancement deductions.
Sales & Marketing. Create strategies for finding customers and how to market your pocket-sized business.
Business Contracts. Learn how contracts work, common types of contracts, and how to deal with contract disputes.
Hiring Employees. Understand the steps required when you rent your first employee.
Contained Contractors. Become crucial guidance on how to value your work, collect payment, and manage health and retirement benefits every bit an IC.

Going Out of Business

If y'all make up one's mind to close up shop or sell your concern to a new owner, yous have a number of responsibilities to protect yourself, your credit, and your reputation in the community. The steps for closing or transferring your company will depend on a few factors such as the blazon of business organization, the number of owners, and whether your company has remaining assets after paying creditors.

Dissolving Your Business. Learn about the paperwork yous must file to officially close your business and cancel the company's registrations.
Selling Your Business. Get guidance on legal considerations for selling a concern, including tax consequences and sales contracts.
Liquidating Business Avails. If yous accept business property you lot want to turn into greenbacks to pay your creditors or distribute to owners, check out this commodity to learn about the liquidation process.
Steps Y'all Need to Take When Closing Your Concern. Understand the steps you will follow to shut down your business organisation, including voting to dissolve, filing paperwork with authorities agencies, and settling debts.

Resources

Nolo has been making do-it-yourself legal guides since 1971. Here are some additional online and other resources to help you form your business organization and keep it upwards and running.

Online Business concern Formation Services

Nolo'due south Online LLC. Nolo'south LLC formation service offers a fast, easy, and reliable mode to grade your LLC online.
Nolo'south Online Corporation. Nolo'south corporation germination service offers a fast, piece of cake, and reliable way to form your corporation online.

Starting and Running Your Business -- Books

LLC or Corporation? Learn how these business structures differ and how they can touch on your bottom line.
How to Write a Concern Plan. Pace-by-step advice on how to prepare a business plan.
Revenue enhancement Savvy for Small Business organization. Save time, energy, and money with this basic business tax book.
Working for Yourself. The all-in-one legal and revenue enhancement resource every independent contractor and gig worker needs.