How to Create a Business Entity
Consider writing a business plan., File for a “Doing Business As” (DBA) Certificate., Begin conducting business., Report your business profits and losses on your personal tax return.
Step-by-Step Guide
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Step 1: Consider writing a business plan.
A business plan details how your business will run.
While this step is not required to operate a sole proprietorship, it will help you to plan your business. -
Step 2: File for a “Doing Business As” (DBA) Certificate.
If you wish to conduct business under a name that is not your own, you must obtain a certificate to do so.
You may file for a DBA at your local county clerk’s office building by filling out a form and paying a fee.
If you are doing business under your given name (not giving your business a separate name) you do not need a DBA. , As a sole proprietor, your business does not technically exist from a legal standpoint, and therefore you need not file any paperwork to get it started. , -
Step 3: Begin conducting business.
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Step 4: Report your business profits and losses on your personal tax return.
Detailed Guide
A business plan details how your business will run.
While this step is not required to operate a sole proprietorship, it will help you to plan your business.
If you wish to conduct business under a name that is not your own, you must obtain a certificate to do so.
You may file for a DBA at your local county clerk’s office building by filling out a form and paying a fee.
If you are doing business under your given name (not giving your business a separate name) you do not need a DBA. , As a sole proprietor, your business does not technically exist from a legal standpoint, and therefore you need not file any paperwork to get it started. ,
About the Author
Raymond Peterson
Writer and educator with a focus on practical lifestyle knowledge.
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