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Commonly Asked Questions about Business Startup Forms

How to start a small business Make a business plan. Choose and register your business name. Pick a business structure. Determine funding. Apply for federal and state tax IDs. Open a separate business bank account. Decide what payment methods to accept. Register for business licenses and permits.
The main types of business forms include sole proprietorships, partnerships, corporations, and limited liability companies (LLCs), each with their own advantages and drawbacks.
The three types of business organizations are sole proprietorships, partnerships, and corporations.
Businesses are classified by the type of business activities they performservice companies, merchandising companies, and manufacturing companies.
Limited Liability Company (LLC) An LLC is advantageous for a few reasons: The cost is relatively low. You record the companys financial results in your personal tax filing. Owners of an LLC are not personally liable for the companys debts and legal obligations.
There are three common types of businessessole proprietorship, partnership, and corporationand each comes with its own set of advantages and disadvantages.
If you know what form or publication you need, call the IRS toll-free forms number at 1-800-TAX-FORM (1-800-829-3676). If youre not sure what to order, get Publication 910, Guide to Free Tax Services, which lists publications and related forms, with descriptions and a subject matter index.
Business types range from limited liability companies to sole proprietorships, corporations, and partnerships. Some businesses run as small operations in a single industry while others are large operations that spread across many industries around the world.