What People Need to Know When Starting a Business

Written By Kevin McKernan

Starting a business is an exciting journey, but it requires careful planning and decision-making. Here are some crucial steps to get you started:

  • Choose a business structure… 

  • Sole Proprietorship

  • Partnership

  • Corporation

  • S Corporation

  • Limited Liability Company 

  • Choose a tax year…

  • Calendar year

  • Fiscal year 

  • Apply for an Employer Identification Number (EIN)... 

  • Have all employees complete these forms: 

  • Form I-9, Employment Eligibility Verification U.S. Citizenship, and Immigration Services

  • Form W-4 Employee's Withholding Allowance Certificate 

  • Pay business taxes 

  • Visit the state website

This document is designed for general information only. The information presented in this document should not be construed to be formal legal or tax advice nor the formation of a lawyer/client relationship. 

For more information on this and other topics, please contact Kevin via any of the channels listed below:

📧 kevin@kmckernan.com  | 📞 718-317-5007

Kevin McKernan
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