It includes business information like the company name, address, member names, and the registered agent. LLC: LLC operating agreement: An operating agreement describes the structure of your company's financial and functional decisions. It defines how key business decisions are made, as well as each member’s duties, powers, and responsibilities., Choose a business structure; Choose your business name; Register your business; Get federal and state tax ID numbers; Apply for licenses and permits; Open a business bank account; Get business insurance; Manage your business. Manage your finances; Hire and manage employees; Pay taxes; Stay legally compliant; Buy assets and equipment; Marketing , Open a small business bank account – To keep personal funds and business funds completely separate you must have two different bank accounts. On personal checking account and the other a small business checking account. This sets you up for clean and accurate bookkeeping so when tax time rolls around it will make it easy for your accountant., Use online bill pay through your personal banking account: Add U.S. Small Business Administration as a payee on your personal online banking account. Enter your 10-digit loan number as the “Account Number.” Note: your loan number is not the same as your application number. Loan numbers are listed on your account statements., Register a New Account. Register Certification Benefits. All federal government purchases between $10,000 and $250,000 are automatically set aside for small businesses, as long as there are at least two companies that can provide the product or service at a fair and reasonable price. Access to SBA tools to prepare for federal procurement , Your business structure affects how much you pay in taxes, your ability to raise money, the paperwork you need to file, and your personal liability.. You'll need to choose a business structure before you register your business with the state. Most businesses will also need to get a tax ID number and file for the appropriate licenses and permits.. Choose carefully..