Business Structure Checklist
1. If you are just starting out and do not have a physical office you will need to obtain a
commercial address. A P.O. Box and a Postal store address is not acceptable. Here are a
few recommendations to consider:
Apply for virtual address https://bit.ly/3nu8vG8 ________
2. You may use your current cell phone as your business line or add a business line.
Apply for business line www.Freedomvoice.com ________
3. Get your domain name – (Example: Your business name.com, no LLC)
Apply for domain name https://bit.ly/3EezTO1 ________
4. Get your business email, example:
(First name initial/
[email protected] Apply for business email https://bit.ly/3EezTO1 ________
5. Setup your limited liability company (LLC), an LLC allows the owner to take advantage
of the benefits of both the corporation and partnership forms of business. The
advantages of this business format are that profits and losses can be passed through to
owners without taxation of the business itself while owners are shielded from personal
liability.
Apply for LLC - https://bit.ly/37QBpqK ________
6. As a business owner, you want to obtain your EIN. An Employer Identification Number
(EIN).is like your SSN, which is used to apply for a business bank account and business
credit. Obtaining an EIN will allow you to separate your business obligations from your
personal obligations.
Apply for EIN https://bit.ly/3C3V43q ________
7. NAICS Code - A NAICS (pronounced NAKES) Code is a classification within the North
American Industry Classification System. It identifies your business service your offer
and allows the government to collect statistical data for businesses.
Apply for NAISC https://www.naics.com/search/ ________
8. Opening a business bank account includes determining the right type of bank
account, selecting the right bank, knowing what you have to pay, providing the
required documentation, and depositing funds. Opening a business bank account
makes it easier to keep your business and personal cash flow separate.
_____
When starting out, look for a bank that offer no monthly fees or a bank that have
a low monthly balance requirement. When going to open your account, you will
need the following items:
- Articles of incorporations.
- Employer Identification number letter from the IRS.
- ID of all officers listed
- Initial funds of $50-$100 to open your business account.
The top 4 banks that offer products to service small businesses:
- Bank of America
- Chase
- PNC
- Wells Fargo
- Capital One
9. List Yourself
- 411 Directory www.ListYourSelf.com ________
- Google My Business https://business.google.com/create ________
10. Setup Business Credit Monitoring. Dun and Bradstreet (D&B) is similar to the credit
bureaus used to manage your personal credit profile but only for business related
accounts. The D-U-N-S Number is a unique nine-digit number assigned and maintained
by (D&B), the D-U-N-S Number is widely used as a standard business identifier when building
your business credit.
Apply for Duns Number - https://bit.ly/3jY97BD _____
