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eldavis
eldavisEnlightened Mentor
Asked: September 2, 20232023-09-02T14:34:38+00:00 2023-09-02T14:34:38+00:00In: Money & Business

What are the legal steps to take when starting s business?

When it comes to starting a business, what are the legal steps one has to take besides the registration of business name.

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8 Answers

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  1. Precious
    Precious Knowledge Seeker KIDI CARE
    2023-09-02T15:29:29+00:00Added an answer on September 2, 2023 at 3:29 pm

    Some legal step to take involved registering your business, I mean registering your business name and obtain any required permits or licenses at the local, state, and federal levels. Contract and agreement is also important because draft contracts and agreements include partnership agreements, operaRead more

    Some legal step to take involved registering your business, I mean registering your business name and obtain any required permits or licenses at the local, state, and federal levels.

    Contract and agreement is also important because draft contracts and agreements include partnership agreements, operating agreements, and contracts with suppliers, customers, and employees.

    It’s also important to understand your tax obligations and register for state and federal taxes and consult with a tax professional to ensure compliance.

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  2. spencer
    spencer Enlightened Mentor
    2024-06-26T11:45:50+00:00Added an answer on June 26, 2024 at 11:45 am

    The legal steps to take when starting a business involve registering your business and filing up your taxes, this is what any citizen should do in order to enjoy running a business without any interference from government. By also doing this you'll be eligible for a lot of programs like taking a banRead more

    The legal steps to take when starting a business involve registering your business and filing up your taxes, this is what any citizen should do in order to enjoy running a business without any interference from government.

    By also doing this you’ll be eligible for a lot of programs like taking a bank loan, applying for grants and auditing your business.

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  3. Abigael
    Abigael Trusted Adviser Abigael
    2024-06-27T06:59:24+00:00Added an answer on June 27, 2024 at 6:59 am

    Here are some of the crucial legal steps to take when starting a business; Ensure your business location complies with they country's zoning laws. For instance, an industrial business should be located in an industrial area and not a residential zone. Apply for the necessary licenses and permits thaRead more

    Here are some of the crucial legal steps to take when starting a business;

    1. Ensure your business location complies with they country’s zoning laws. For instance, an industrial business should be located in an industrial area and not a residential zone.
    2. Apply for the necessary licenses and permits that are consistent with the industry of your business startup.
    3. Undergo a registration with the state and local tax authorities in order to get the required tax permits and certificates.
    4. Open a business bank account in order to separate your personal and business funds.
    5. Choose a business name and ensure of it’s availability. If available, go ahead and register your business name.
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  4. uptrendfinancialsignal
    uptrendfinancialsignal Knowledge Seeker
    2024-06-28T08:13:37+00:00Added an answer on June 28, 2024 at 8:13 am

    If you want to start a business and you had no idea where to begin with in terms of  the legal stuff. First thing first is to register your business and get an EIN. You can use LegalZoom for this and you will be legit and ready to roll. Also, you will need to get a business license and permits too bRead more

    1. If you want to start a business and you had no idea where to begin with in terms of  the legal stuff. First thing first is to register your business and get an EIN. You can use LegalZoom for this and you will be legit and ready to roll. Also, you will need to get a business license and permits too because you wouldn’t  want to get shut down for not having the right paperwork. It’s Better to be safe than sorry.
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  5. Lens
    Lens Knowledge Seeker
    2024-06-28T08:15:00+00:00Added an answer on June 28, 2024 at 8:15 am

    Starting a business can be very overwhelming, but I will advise that you shouldn't let the legal stuff scare you off. You can trademark your logo and business name so as to to protect your brand. It's like having insurance for your business and it is good wnen you don't want someone stealing your viRead more

    Starting a business can be very overwhelming, but I will advise that you shouldn’t let the legal stuff scare you off. You can trademark your logo and business name so as to to protect your brand. It’s like having insurance for your business and it is good wnen you don’t want someone stealing your vibe. Also, you can get also a business entity (LLC) to separate your personal and business assets too. This is like building a legal entity around your business .

     

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  6. uptrendfinancialsignal
    uptrendfinancialsignal Knowledge Seeker
    2024-06-28T08:15:58+00:00Added an answer on June 28, 2024 at 8:15 am

    So many.didn't know what legal steps to take when they started their business. But they only know that they needed to protect their business. You should get a business license and permits, and also try to trademarked your logo and business name. Also you should set up an LLC to separate all of yourRead more

    So many.didn’t know what legal steps to take when they started their business. But they only know that they needed to protect their business. You should get a business license and permits, and also try to trademarked your logo and business name. Also you should set up an LLC to separate all of your personal and business assets as well..It’s more like you are having a legal safety .

     

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  7. Flower
    Flower Active Contributor
    2024-06-28T08:18:42+00:00Added an answer on June 28, 2024 at 8:18 am

    So many are clueless about the legal steps to take when they first started their own business not knowing that it is very important to protect themselves and the business. So this means, you need a business license and permits, and trademarked your logo and business name too. You should also set upRead more

    So many are clueless about the legal steps to take when they first started their own business not knowing that it is very important to protect themselves and the business. So this means, you need a business license and permits, and trademarked your logo and business name too. You should also set up an LLC and get your accountant to help you with the necessary taxes. It’s more like having a legal team behind you. You should take note of this so well.

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  8. Flower
    Flower Active Contributor
    2024-06-28T08:20:08+00:00Added an answer on June 28, 2024 at 8:20 am

    Starting a business can be a legal adventure too. But you should not let it overwhelm you. You should get a business entity (LLC) and registered your business with the state. It is important to also get a business license and permits, because you don’t want to get shut down. And let me tell you, it'Read more

    Starting a business can be a legal adventure too. But you should not let it overwhelm you. You should get a business entity (LLC) and registered your business with the state. It is important to also get a business license and permits, because you don’t want to get shut down. And let me tell you, it’s worth it and it’s good to know that you are legit and ready to grow your business.

     

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