How To Register Your Small Business With The State
Hire and manage employees.
How to register your small business with the state. Register with state and local agencies once all the federal registrations are done you likely need to register your business with one or more agencies in your state or local government such as revenue offices. There are really two different processes involved and you will have to do both in most cases. 1 registration with your state and 2 registration with your locality. As a rule you ll need to register your business with your state s revenue office you may also need to apply for a tax permit e g. Close the irs website s browser after obtaining your ein.
Buy assets and equipment. Enter your new ein in the state application. Sole proprietors may particularly want to do this step. Open a business bank account. Choose your business name.
If your business name is available and you are still not ready to register the business you may reserve your business name for up to 60 days by filing a name reservation. How to register your business if your business is an llc partnership or a corporation you should contact your state s secretary of state office to create and or register your business it is possible to create an llc or corporation in another state but you ll need to register it in the state you re doing business. If on the other hand you plan on owning a sole. If you plan to run payroll you may also need to register with your state agency to file payroll taxes. As a business operator you ll also need to comply with state income tax and employment laws.
Apply for licenses and permits. A sales tax permit will let you legally collect sales tax from customers. To register your business you must electronically register through mytax illinois approximately one to two days to process. If your business is a corporation a non profit an llc or a partnership you ll have to register it with your local state government. Most states require you to register with the secretary of state s office a business bureau or a business agency.
Some states allow you to register online and some states make you file paper documents in person or through the mail. Complete and mail form reg 1 illinois business registration application to us at the address on the form form reg 1 is available on our web site as a fill in and savable form. Provide any additional information necessary to assign your ein. You ll then be directed to the irs website s online ein application. Please note that a name reservation is not a business registration its purpose is to only reserve the business name.