Step One: Assumed Names

• To operate a business legally, several registration requirements must be met. Generally, new businesses should register an assumed name, apply for necessary licenses, and register for a tax identification number. The details for each vary due to differences in location and circumstances, however, the general process is usually the same.
  The first step in the process is to register for an assumed name. This is often referred to as a "DBA," or "Doing Business As." Essentially, an assumed name is an official registration that allows businesses to operate independently from the people who run it. It is the business's legal name, and is necessary to open bank accounts and conduct company business.
  Assumed names are registered with a county's register of deeds. Typically, a simple one-page form is all that is needed. The form will require basic information such as business type and location. Once complete, the form is returned to the county office and becomes valid after a nominal fee is paid. This registration form is available at the county office in person, or downloaded from the county website.
  
  

Step Two: Business Licenses

• After a business has registered for an assumed name, it must obtain licensing. Rules for business licenses vary depending on the state and county.
  Professionals such as accountants as well as businesses within the service section such as bars and restaurants, are required to register for a permit in order to operate. Because these requirements vary, information should be obtained from the county where the business is expected to operate.
  
  

Step Three: Tax Identification Numbers

• Because businesses must pay taxes at the federal and state level, many companies are required to register for a tax identification number.
  An Employer Identification Number, or EIN, is issued by the federal Internal Revenue Service (IRS). This number is unique to each business, and is required for businesses who hire employees. To register for an EIN, applicants must complete "Form SS-4" by visiting the Internal Revenue Service website or requesting an application by mail.