Before you can open your Los Angeles business, you will have to ensure you’ve got several things in order first. Here’s what you need to do before the grand opening of your business venture.
Business Name
The first thing you’ll want to do is choose your business name. This can be your own name or a fictitious name. Next, you’ll want to make it public by advertising it in a local newspaper.
Structure
As a business owner, you have much to choose from in terms of business structure. For example, a limited partnership has a general and a limited partner, where a sole proprietorship provides unlimited liability to the owner.
Permits and Registrations
You may need to apply for a seller’s permit if you plan to sell goods and products. You’ll also have to apply for an EIN, or employer identification number, as well as get a tax registration certificate. You’ll also have to register your business with the California Secretary of State.
These are just a few of the steps you need to take in order to open. Looking for more? This great infographic from FastFilings contains everything you need to know about opening your business.
