An ABC 2 STEP Guide to Starting a Business
Registered Agent Services for Small Business Growth
As an aspiring entrepreneur, there’s some crucial prep work you have to do before launching your small business.
The easiest way to get started is to use our Expert Services to start and maintain business compliance.
However, you do not have to use a Registered Agent.
The cheapest way to start your business is to Do It Yourself, and we can help.
Do Business Right The Right Way
Qualified Registered Agent Services
Starting a business the Right Way begins with a Qualified Registered Agent Service —so that’s where will began. Our Privacy-focused services support you after formation. Using our Qualified Registered Agent Services are available to help you use the DIY Approach to start, manage, and maintain compliance as you grow your business. We can help you
- Create Legal Documents
- Manage Business Money Matters,
- Create Business Presence Online
First things first, let's start with What You Need to Know:
What is a Registered Agent?
A Registered Agent is a person or company designated to receive legal documents, like lawsuits, official government correspondence, and other important notices, on behalf of a business
The RA serves as the official point of contact for the company within a state where it is registered. The RA is designated to accept service of process when a company is sued.
Who can serve as a Registered Agent?
- Anyone you appoint.it could be a partner or member in the business
- You can use your lawyer or accountant as a Registered Agent
- You could be the Regisiered Agent for your business, no rules against it.
Registered Agent Obligations
- The primary role of a Registered Agent is to receive and forward legal documents to the appropriate person within the company.
- Legal requirement:Most states mandate that businesses designate a Registered Agent when filing formation documents.
- Privacy benefit:Using a registered agent can protect a business owner's privacy by keeping their personal address off public records.
- State specific rules:Requirements for registered agents can vary by state, including eligibility and availability during business hours.
What Are the Consequences of Noncompliance
- Penalties and fines,
- Loss of corporate status,
- May be prohibited from doing business within the state.
- Qualifications vary from state to stateYou should check with your local Secretary of State for more specific guidelines
Our Qualified Registered Agent Service can be used in all 50 states including Puerto Rico. Our national coverage allows you to better Protect Your Personal Privacy, you create your complete business identity from scratch.
Keep in mind, you are not required to hire a Registered Agent. ABC 2 STEP Qualified Registered Agent Services can help you Use the DIY approach to
- File Formation Papers
- Business Compliance Guides
- Self-Facilitate Tax Assistance.
You need to Do Business the Right Way!
What's Your Business Structure
The structure you choose will play a major role in how your business is managed operated, and taxed. It will also be relevant when determining how much personal liability you have as a result of any misconduct or unlawful actions of the business, which is essentially a separate entity.
Each business structure has different benefits and drawbacks. There are also different requirement processes to get started. Before you choose your business structure, it is a good idea to ask yourself a few basic questions, such as:
- Am I selling a product or service?
- Is there a need for the service I provide or the product I am selling?
- How much will it cost to make the product/provide the service?
- How much do I charge?
- Who should I target with my product/service?
Taking time to answer these few basic questions is the First Step to Success. So before you OPEN for Business, make sure you have Money Management tools for success.
Basics of Business Banking
Remember: IT'S NOT PERSONAL... IT BUSINESS!
The main thing You Need to Know is
- Banks are typically for-profit business entities designed to generate regular consistent profits for their shareholders.
- Credit Unions are Not-for Profit public oorganizations in business to service communities and members of the community.
In business to make profits bank customers are not shareholders or beneficiaries of the profits.
Bank Customers are depositors who contribute to the wealth and growth of the shareholders but they do not share in the holdings.
Credit Unions are Incorporated, not-for-profit, but to provide a service to the community.
Member-owned cooperatives, Credit Unions are committed to the financial success of the individuals, families, and communities they serve.
Credit union members are depositors who own and participate in the financial institution. They share in the credit union's profits and have a say in its direction.
What to Expect
If you have formed your business entity, you will want to move on to Business Banking. You will need to open a Business Bank Account. Credit unions and banks are both financial institutions but they are very different. Yes both offer financial services, but they differ in ownership structure, the fees each charges, and the services provided
Credit unions are member-owned not for profit cooperatives that emphasize community connections, while banks are typically for-profit business and generate profits for shareholders.
Credit unions offer better rates and lower fees, but banks may have more branches and more cutting-edge technology.
Each bank and credit union will offer different products and terms, so compare financial institutions individually.
Keep in mind that your finances are key to achieving your business goals. Using a Credit Union , you can grow your funds in a dividend-earning Savings Account, a Money Market or both, giving you the resources to take advantage of opportunities that help you stay a step head of the competition
WANT TO BECOME A MEMBER
Membership requirements vary by credit union. Some credit unions require a one-time membership fee .
Business accounts at a minimum will require an EIN, Operating Agreement, and valid photo ID for authorized users.
You Can Do It!
Link & Learn Taxes
It does not matter if the Income Generating Activiy is payment for a service provided or for a product, the requirements for reporting the income generated may differ, due diligence to Prep & File is the same. Keeping and maintaining complete and accurate records is crucial to getting taxable deduction. nine things taxpayers must consider when determining if an activity is a hobby or a business. The currency, time, and effort the taxpayer puts into the Activity show Money Matters of Profitable Intent.
Whether it's something you have been doing for years or something you have just started to make extra money, U.ncle S.am requires Annually Generated Income from Business or Hobbies be reported on an Individual Tax Returns. The profit generated in each year varies. Keep in mind business cost are not a one size fits all deal. Keeping good records is essential to successfully maintaining and growing any business. U.ncle S.am provides plenty resources designed to help taxpayers effectively and efficiently report their Annual Gross Income correctly.
• Not clear on the IRS income tax compliance rules?
• Not sure if you can do it on your own?
• Don’t worry we will be here to help,
When You Know Better, You Do Better!
As Citizens of a Nation that is run “By The People, for the People” U.ncle S.am does not promise citizens the Right to Employment. Having a criminal record, may disqualify many people from applying for employment, however it does not negate civic duty to File Federal Tax Returns. The More You Know, the More You Grow. Bring Your Own Device : Laptop Phone Tablet & Learn How to File Federal Income Tax.
Money Matter Tools for Success
Most self employed small business owners are not accountants. They have know idea how to correctly track income and expenses, create cash flow sheets , or prepare tax documents. Financially they never know where they stand. Know the Money Matters & insights of your business financials. Self-employed tax payers, such as gig workers, are required to pay all Social Security and Medicare taxes on the Earned Income. Knowing is half the battle, using what you know to grow, even better! So Stay tax-time ready all year, uncover tax deductions, create and send invoices, track your mileage and keep tabs on your finances on the go.
Expand Business Presence
The creation of the World Wide Web and the unlimited growth potential it provides for Doing Business the Right Way. Establishing an onlie ia easy, efficient, and effective for growing any business. Best of all no brick and mortar location required. The explosion of the internet has provided business opportunities for many. Ride shares, financial service providers, even Fast Food and Groceries can be ordered, shipped, and delivered via online. Considering the increased income potential an online presences provides one might think it would cost thousands to set up and maintain a website , but hat is not case.
You can generate more bookings, leads, and sales with ease. A gorgeous website that’s built specifically for you probably seems like a time consuming costly venture that you could probably do without. You could just use social media platforms. Yes, you could do that or you could forget about the preconceptions about the expense and difficulties of getting a professional website. Yes getting a Professional website built, launched, and ready for business has never been easier or cheaper.
You will generate more sales, bookings, and leads with a gorgeous website that’s built for you for an unbeatable price Like every aspect of entrepreneurship, you can take the DIY Approach and build your website yourself, or you can get help! A done-for-you stunning website developed, designed and launched for you in just 7 days.