5 Steps To Start A Sole Proprietorship         in The USA

1. Business Name

Selecting a resonating business name is important from a growth standpoint. Take time to weigh different options when it comes to name selection. 

2. Register DBA Name

If you wish to go along with a trade name, you must register the DBA name. Make sure that the selected name should be unique and non-offensive.

3. Apply For EIN

The EIN helps companies with tax-related errands, from tax filing to return submission. Securing EIN is mandatory for employers leveraging any number of manpower to uphold their operation. 

4. Obtain License and Permits

The licensing requirements can vary significantly industry-wise. Depending on which industry you serve,  you may need to secure one or more operational licenses in addition to the establishment registration.  

5. Open a Business Account

Bank account opening for a business is as important as availing of insurance.  A separate bank account will reinforce transparency in your corporate transactions, ensuring nil ambiguity while handling cash flow. 

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