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hey im ray with pet care insurance and today were talking about registering your business theres plenty of benefits to owning a business but getting started can be overwhelming thats why today were covering the basics to help you take your first step in getting your business off the ground so before we jump in lets talk about why you should register your business with federal and state agencies youll need to register your business with the federal government to get your employer identification number or ein this is important as it allows you to open a bank account pay employees pay state and federal taxes apply for business licenses or permits and establish accounts with business direct companies youll also need to register as a business within any state that youre actively conducting business in keep in mind state requirements can vary the small business administration is a great resource to learn about the specific requirements in your area you can find your local small bus