1. Decide on a Business Structure

Limited Liability Company (LLC): An LLC mixes characteristics of partnerships and corporations, offering legal protection by separating personal and business assets.

Contact:

Alex Herd

Herd Law Office LLC

$1,500 which would include:

• 1. The Department of State filing fees and publication fees

• 2. Preparing and filing the Articles of Organization

• 3. Drafting an Operating Agreement

• 4. Obtaining an EIN 

• 5. Ordering and tracking the publication requirement.

Alex Herd

Herd Law Office LLC

405 RXR Plaza 

Uniondale, NY 11556

(631) 213-1551

https://herdlawoffice.com/ 

2. Register Your Business Name

Choose a distinctive name for your business. If it's different from your own name, you'll need to register it as a DBA (Doing Business As) with the County Clerk Office.

3. Get an Employer Identification Number (EIN)

Most businesses in Rochester, NY, will require an EIN from the IRS for tax filings. This is like your business's Social Security number: https://www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-number-ein-online 

4. Open a Business Bank Account

Maintain a clear distinction between personal and business finances by opening a separate business bank account. This makes tax preparation easier and can also safeguard your personal assets.

5. Register with State and Local Agencies

Registration requirements vary depending on your business type and location. You might need to register with the New York Department of State, New York Department of Taxation and Finance, and Monroe County's Clerk Office.

6. Obtain Necessary Permits and Licenses

Each industry and location has different licensing requirements. For instance, you might need a general business license or specific occupational licenses. In Rochester, check with the City's Department of Neighborhood and Business Development to determine the necessary permits and licenses.

7. Register for State and Local Taxes

In Rochester, businesses may have to pay state and local taxes. Register with the New York Department of Taxation and Finance for your state tax obligations and the City of Rochester for local tax obligations.

8. Get Business Insurance

Types of insurance could include general liability, professional liability, and workers' compensation. Consult with a local insurance agent in Rochester to help determine what's best for your business.

State Farm® Insurance Agent

Sean Davern

https://www.seanyouragent.com/

Legalizing your business is a necessary process for growth. Each step takes you closer to a solid foundation while minimizing potential legal issues. Always remember to seek advice from legal and tax professionals to ensure everything is done correctly.