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- Register the business as one of the following: sole proprietorship, partnership, Limited Liability Company (LLC), C corporation, S corporation, nonprofit or cooperative.
- Figure out if you will need worker’s compensations insurance.
- If you are going to have employees, get professional guidance on how to deal payroll taxes.
- Find out how the business registration will affect your personal income tax.
- Understand all your responsibilities under the law as an employer, such as the legal steps when hiring an employee, OSHA regulations, and other rules specific to your industry.
