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Apply for MWBE Certification

February 27, 2020 6:46 pm Published by If you meet the criteria, you may find it worthwhile to obtain certification as a minority-owned, woman-owned, veteran-owned, or disabled-veteran-owned business. Certain government contracts require that a set percentage of the work be subcontracted to a firm with one of these certifications.

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Publish That You Are in Business

February 27, 2020 6:45 pm Published by Some states in the U.S. (including New York) require you to publish a notice in the newspaper once you’ve set up your entity.

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Using Contract Templates

February 27, 2020 6:44 pm Published by Contract templates save you time. Once created, have your attorney view the terms of your contract to ensure it holds up in all states where you do business.

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Obtain Employer Identification Number (EIN)

February 27, 2020 6:42 pm Published by An Employer Identification Number (EIN) is a federal tax identification number for your business entity. You’ll need this EIN for many transactions such as setting up a business checking account, obtaining insurance, and registering as a vendor with clients. You can request a free EIN directly from IRS.gov.

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Register Your LLC

February 27, 2020 6:11 pm Published by While it is legal in the U.S. to work as an independent consultant without a business entity, we strongly encourage setting up a legal structure. For roughly 80% of consultants in the U.S., the right structure is a simple LLC. You should, however, consult with your attorney and tax accountant to confirm the right entity

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The Umbrex Guide to Setting Up Your Own
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