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Pesky requirements with governmental agencies before starting your business

Pesky requirements with governmental agencies before starting your business. Chapter 6. Which agencies deal with which requirements. One stop shopping is CalGold. Small business startup information maintained by the California Environmental Protection Agency. www.calgold.ca.gov.

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Pesky requirements with governmental agencies before starting your business

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  1. Pesky requirements with governmental agencies before starting your business Chapter 6

  2. Which agencies deal with which requirements • One stop shopping is CalGold. Small business startup information maintained by the California Environmental Protection Agency. • www.calgold.ca.gov

  3. Startup steps • File organizational documents with the California Secretary of State (corporations, LLCs, and limited partnerships only) • Obtain a Federal Employer Identification number (FEIN) • Register your fictitious business name with your county • Obtain a local tax registration certificate (business licence) • Obtain a specialized vocation-related license or environmental permit, if necessary.

  4. Why do I need to file these forms? • To identify yourself. Society wants to be sure you’re accountable for your actions. That’s why you have to fine a FBN when you don’t use your name as part of your business. • To protect the public. Govt agencies who issue permits and license to ensure that your business offers safe products or services that won’t harm people or the environment. Food, for example. • To keep track of your finances for tax purposes. To collect every tax and fee imaginable.

  5. Filing • For corporations, the necessary papaers are called Articles of Incorporation. • LLCs: Articles of organization. • Limited Partnership: Certificate of Limited Partnership (LP-1) • Limited Liability Partnership Registration form

  6. Check on your name first • www.sos.ca.gov • Just because your name is accepted by the CA Secretary of State doesn’t mean you’re free to use it. • A name of a general partnership wouldn’t be registered in CA’s corporate name database, but may have been in use for years. • Do a trademark search before using any name.

  7. Obtain a FEIN 103 • SP’s and partnerships just create their businesses by “default” once they’re engaged in business activity. • A Federal Employer ID is equivalent to a SSN for an individual. • You’ll use it for federal tax return and business documents. • Required even if you don’t have employees.

  8. FEIN Section C back of book • Can file over the phone too. • Page 104

  9. Step 3: Register your FBN Statement 106 • Trade name that doesn’t match the names of the owners needs to be registered. • Also known as “DBAs” • Why? To prevent customer confusion between two local businesses that use the n\same name. Finding out the owner of a company w/o hiring a private investigator. • Make is harder for fly by night businesses.

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