: File your business name with the state or local government and apply for a federal Employer Identification Number (EIN) .
: Establish a workspace used exclusively for business to improve focus and qualify for certain tax deductions. HOME BASED BUSINESS
: Common options include a Sole Proprietorship (default, easiest), LLC (limits personal liability), or Partnership . : File your business name with the state
: Use your existing skills, qualifications, or natural talents to solve a specific problem for customers. LLC (limits personal liability)