Below is a step-by-step guide of how to set up a new business by yourself at minimal cost. Your welcome.
Create your Articles of Incorporation using Legal Zoom. The total cost is a filing fee of $70.
Once you have incorporated your new business, get an Employer Identification number (EIN).
File your articles of incorporation with the California Secretary of State (SOS) office. The fee to do so was raised in 2022 from $25 to $70.
After completing Steps 1-3, create a business checking account. This allows you to deduct expenses associated with your business. I recommend using Bank of America or JP Morgan Chase. In banking, size matters. The catch is that you must maintain a minumum balance (typically $3,000) to avoid maintenance fees.
Once you have a bank account created for your business, create a Quickbooks Online account. We can link your bank account to Quickbooks Online and start keeping track of the business' income and expenses at the click of a button.
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