Legitimization Checklist for New Businesses
Charlene M. Ives, CPA, PC
Saturday April 01, 2006
- Capitalize Open your business checking account and fund your business
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- Tax ID numbers
- Federal ID #
- State License Application(s)
- Business/sales tax license (state/city)
- Workers Compensation policy
- Business property tax registration
- Employees - W-4s, state withholding, I-9s
- Accounting system choice/setup
- Subchapter S election (To be considered if the business is formed as a corporation)
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