In case you are still looking for answers, allow me to give you some very succinct answers.
1. In order to protect yourself from any personal liability, you definitely should form an entity to operate the business through, and then operate the business solely through that entity. In order words, have a business bank account and have all receipts and expenses of the entity flow through that bank account. For most people, particular those who are new to business, an LLC is the best choice (except in a few states like Texas where the LLC is subject to additional taxes).
2. The entity will need to be formed with the Secretary of State. You may want to get a taxpayer identification number for the entity, even if you are the only owner. If there is another other, you must obtain a taxpayer identification for the entity. You would also need to register with the state.
3. For business licenses, it depends entirely in the type of business and the location of the business. Businesses that sell items that are subject to sales tax or will have employees will need to register with the state and with the federal government as being responsible for collecting taxes and sending them to the government. In addition, depending on the type of business, a state license may be required. Also, some cities and counties may require a business license. It depends on where you want to locate.
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Publié le 27/03/19