MyCorporation Breaks Down How to Start a Business in 2013 in 6 Steps

CALABASAS, CA--(Marketwired - Jun 27, 2013) - Celebrating their 15^th year in the incorporation and LLC formation industry, MyCorporation.com has released an infographic on "Starting a Business in 2013," a step by step guide for entrepreneurs on how to successfully start a business in six steps.

Deborah Sweeney, CEO of MyCorporation, is excited about simplifying the process for new entrepreneurs and small business owners.

"The process of starting a new business can be confusing, but it can actually be broken down into six simple steps. Just choose your company name, make sure the name is protected, choose your state and owners and provide simple company data. Your business and your brand will be protected. It's simpler than many business owners think," said Sweeney.

The infographic starts off by going over "Small Business at a Glance," which covers the self employment rate in the United States and how many small businesses, medium-sized businesses, and large firms make up the U.S. From there it moves onto step one: choosing your company name and cementing your rights to the name by registering your domain and filing a trademark.

Step two covers selecting your state of incorporation. Most business owners choose to incorporate their business in the state they hold business in, but there are a few states with incorporation perks that small business owners should look into. Two of these states include Nevada, which requires no state or franchise taxes for corporations, and Delaware, with no personal income tax for non-residents.

Step three involves choosing your business's entity type with the two most common entity types, corporation and LLC, highlighted with tips to adhere to when making the big decision. Step four answers the questions of what a registered agent is, who can become one, and why a new business needs one. Step five instructs new business owners on the importance of obtaining an employer identification number (EIN), and step six wraps up with tips on filing Articles of Incorporation or Articles of Organization. The benefits of having formed a legal entity wrap up the infographic, some of which include personal asset protection, credibility, saving money on taxes, and protecting your business's name.

"MyCorporation.com makes it easy because we offer simple bundles that include everything you need to start a business with the click of a button. You'll find this one-stop-shop approach the most appealing when you are busy focusing on your business and growth," said Sweeney.

Have any questions about the step by step business filing process or need a company that provides all of the above services? Give MyCorporation a call at 1 (877) 692-6772 Monday through Friday at 7 AM - 5 PM PT or visit us at http://www.mycorporation.com.