You registered your business! Congrats! You should pat yourself on the back for making your "side hustle" an official business.
...but now what?
There are other steps you need to take to create a business that will not only be profitable but protected. Here are the next 3 tasks to mark off your To Do List, now that you've registered your business.
1. Obtain an Operating Agreement
This document explains the operating rules of your business, such as, how members are selected, how profits are distributed, and spending limits. There are many free tools & templates available online to assist you with completing this task. Here are a few websites you can visit:
2. APPLY FOR AN EIN NUMBER
This number is the tax id number for your business. You will use this number to file your business return, open your business bank account, and other business identification purposes. You can apply for an EIN online HERE.
3. APPLY FOR A DUNS NUMBER
Leveraging business credit will make a difference in your journey of building a successful brand. In order to do that, you need to obtain a DUNS number. This number will allow you to build your business credit. You can apply for your DUNS number online HERE.
These are 3 important steps to get you going. However, to obtain the complete list of the next steps you should take after registering your business, CLICK HERE FOR INSTANT ACCESS