JOHN JEZZINI
ADVICE FOR LAUNCHING A SMALL BUSINESS IN CALIFORNIA WWW.JOHNJEZZINI.US
PICK A NAME
REGISTRATION
Before you start a company in California, it’s vital that you
When you establish a company in California, you’ll need to register
choose a name for your business. This will help you establish a
it. The exact steps involved in this process will vary depending on
proper business structure. A business can be categorized into
the type of business that you’re planning on operating. The
various types of entities. These include forming an LLC in
California secretary of state has a section that provides information
California, a C corporation, or a sole proprietorship. The best
about the fees and forms you’ll need to complete. You’ll also need
business entity is one that fits your specific needs, such as how
an EIN, a nine-digit number that the IRS uses for multiple purposes,
much risk you want to take and how much tax you want to pay.
such as filing taxes and opening a bank account.
DEVELOP A BUSINESS PLAN
FILE TAXES
Like a home, a business plan will help you build a strong foundation for your company. Your business plan should cover various aspects of the business, such as an overview of the company’s operations and a description of its type. It should also include various details about the sales and marketing strategies you’ll implement. Your business plan can serve as a roadmap for your company’s development, and it can also be used in your efforts to secure funding for the business.
In addition to running a successful business, you must also pay taxes in California. There are a variety of agencies that can help you navigate the various regulations that apply to your business. These include the Franchise Tax Board and the California Tax Service Center. Most businesses in California will have to pay a franchise tax, and corporate income tax is also applicable to them. Sole proprietors and other companies operating in the state pay income taxes on the money they bring home. Members of an LLC also have to pay taxes on their money.
OBTAINING LICENSES AND PERMITS While the secretary of state has a lot of business-related paperwork, you’ll also need to apply for various permits and licenses in California. You’ll need to complete these things when you start a company in the state.