How Do You Form A Business Entity?
Entrepreneurship is the backbone of America. Millions of people from every walk of life have started businesses. Some businesses are small, part-time endeavors implemented to supplement a regular paycheck or retirement pension. Others have grown to become household names. Several of today’s large multinational corporations, including IBM and Microsoft, started as home-based businesses. The first step to realizing your dream is to form a business entity. You have several things to consider before filing the paperwork to form your company. Choose a name for your company. You might choose a descriptive name that lets the customer know what product or service you provide, such as Superior Plumbing Company or Scrumptious Bakery, LLC. Alternately, you may prefer to use your own name as the company name. Check with your local licensing authority to verify that no other business in your state has the same name. States forbid two business entities from having the same name in the same state. Ad
