How to Make Your Business Legal

How to make your business legal and learn about Forms of Business Ownership, Copyrights and Trademarks and we even have an informative Small Business Q & A for you to review.

The idea of starting your own business is great, but how to make your business legal … which it has to be, in order to operate without worrying about fines or back taxes from your city, county or state.

Forms of Business Ownership
One of the first decisions you have to make as a business owner is how your company should be structured. This decision will have long-term implications, so consult with an accountant and attorney to help you select the form of ownership that’s best for you. In making a choice, you’ll want to take into account the following:

• Your vision regarding the size and nature of your business.
• The level of control you wish to have.
• The level of ‘structure’ you’re willing to deal with.
• The business’s vulnerability to lawsuits.
• Tax implications of the different ownership structures.
• Expected profit (or loss) of the business.
• Whether or not you need to re-invest earnings into the business.
• Your need for access to cash out of the business for yourself.

Review the free Tax Calendar options from the IRS for small businesses and the self-employed. Visit the IRS Small Business and Self Employed Tax Center.

Go to:
Sole Proprietorship
Partnership
Copyrights©
Trademarks ™, ® and Servicemarks
Small Business Q & A