Forming Your Business
In This Chapter
◆ What’s in a name?
◆ Selecting your business entity
◆ Getting your identification number
◆ Getting your licenses
Having an idea for a business is great, but it’s just one step in starting that business. Before you even open your door for business, consider all that legal mumbo jumbo about how to set up the company. Select a name and a type of business entity. All businesses are not created equal: in fact, there are five basic ways in which businesses can be organized. Starting a business without knowing how to structure it is like beginning to write a novel without a clue about the plot. Whichever entity you select for your business, you also need to make things legal by obtaining licenses and business ...