How to Set Up a Sole Proprietorship?

Choose a business name

Check local and state registration requirements

Register a DBA if using a trade name

Obtain an EIN if needed

Open a business bank account

Get required licenses and permits

Register for state and local taxes

Set up bookkeeping and recordkeeping

Obtain business insurance

Separate personal and business finances

Comply with zoning and industry rules

Start operating and track income and expenses

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