HOW TO START A SMALL BUSINESS IN CALIFORNIA. LEGAL AND FINALCIAL ASPECTS. ARE YOU PLANNING TO DO A BUSINESS IN USA?. You may: Finance Start-Up Buy a Business Buy a Franchise. Finance Start-Up FOLLOW 10 STEPS:. Step 1: Research and Plan Your Business
LEGAL AND FINALCIAL ASPECTS
A business owned and managed by one individual who is personally liable for all business debts and obligations.
Don’t need to Register with the Secretary of the State.
# General Partnerships- profits, liability, and management duties are divided equally among partners unless provided otherwise.
# Limited Partnerships- One of more partners may have limited liability as well as limited input with management decisions.
Joint Ventures act as general partnership only for a limited period of time or for a single project.
It may be either Stock or Close corporation.
Time and Money
To Register, File Articles of Incorporation to the State.
Before hiring employees, you must get an EIN, also known as a federal tax identification number from the U.S. Internal Revenue Service.
For e.g. To do a business of the Travel Agency/Agent that sells or arranges air and/or sea transportation in the State of California must register as a Seller of Travel from the Office of the Attorney General
Go to http://sbdcnet.org/SBIC/franchise.php
To see what type of franchise business available.