How To Register Your Small Business With The State
A sales tax permit will let you legally collect sales tax from customers.
How to register your small business with the state. Some states allow you to register online and some states make you file paper documents in person or through the mail. 1 registration with your state and 2 registration with your locality. Close the irs website s browser after obtaining your ein. If you plan to run payroll you may also need to register with your state agency to file payroll taxes. Most states require you to register with the secretary of state s office a business bureau or a business agency.
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. Apply for licenses and permits. 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. Sole proprietors may particularly want to do this step. There are really two different processes involved and you will have to do both in most cases.
To register your business you must electronically register through mytax illinois approximately one to two days to process. Registration of your business name takes place in your state through your state s business division usually part of the secretary of state. Buy assets and equipment. Please note that a name reservation is not a business registration its purpose is to only reserve the business name. Choose your business name.
Get federal and state tax id numbers. Enter your new ein in the state application. You ll then be directed to the irs website s online ein application. If on the other hand you plan on owning a sole. Open a business bank account.
Provide the requested information in the state application. Provide any additional information necessary to assign your ein. 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. 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. Hire and manage employees.