How to Set up a Sole Proprietorship in Virginia
Determine if you want a trade name.. Choose a memorable trade name.. Check that your trade name is available.
Steps
1
Determine if you want a trade name.
Determine if you want a trade name.
2
Choose a memorable trade name.
Choose a memorable trade name.
3
Check that your trade name is available.
Check that your trade name is available.
4
Register your trade name.
Register your trade name.
5
Check if you need licenses or permits.
Check if you need licenses or permits.
6
Get an Employer Identification Number (EIN).
Get an Employer Identification Number (EIN).
7
Register to pay state taxes.
Register to pay state taxes.
8
Hire employees legally.
Hire employees legally.
9
Open a business bank account.
Open a business bank account.
10
Obtain business insurance.
Obtain business insurance.
11
Create a business plan.
Create a business plan.
12
Find business space.
Find business space.
13
Find new business resources.
Find new business resources.
14
Hire professional help, if necessary.
Hire professional help, if necessary.
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