How To Start a Business - Step by Step Guide for Beginners

"in the future you're talking next day a year from now five years from now you can always change your company's name so you can you can adopt an assumed name you could do a dba at doing business as or you can legally change the name of your business for very cheap and very quickly"

"how long is it going to take you to actually be formed so in a lot of states it's going to be as quick as one day literally one day so in illinois you can do an expedited fee you can have your business up and running in one day usually with the majority of states there's going to be a waiting time of about three days to about two weeks"

"you can get your own employer identification number your ein you just go to the irs website it's free it's instant it's so straightforward"

"so you should also get a company debit card or credit card you know just to help keep things separate"

"if you're gonna have very few transactions so very few transactions that i would recommend just going with the with a spreadsheet like an excel because it's not going to take much time"

"if need be, you're gonna have to send an estimated tax payments so you're gonna have to send in money throughout the course of the year in installment payments failure to do so is gonna subject you to penalty"

"you can either buy the software for yourself and just go at it, you know, try to do it yourself or you can work with a professional like an accountant"

"intuit the the makers of turbo tax you know they have the turbo tax you know the personal income tax returns the software but they also have the business software programs like the c-corp the s-corp the partnerships all that so that's probably gonna cost you a few hundred dollars"