Additionally, preserving your personal and business finances separate makes bookkeeping and tax preparation simpler. Sean Flannigan, Sendle’s Content Manager, says, “While many small companies may be greatest served by selecting an LLC or sole proprietorship, there are a few different options.” While nannies and nanny shares are in style right now, a good daycare is hard to search out. And, as all the time, make certain you’re complying with your city and state’s zoning, licensure, insurance coverage, and inspection necessities.
- Once you have a legally formed business and have been issued an Employer Identification Number , open a checking account