Starting and Running a Business

Starting a business in the U.S. requires navigating federal, state, and local regulations on taxation, employment, licensing, and more.

Understanding Business Regulations

Federal rules apply uniformly nationwide, covering taxation, employment laws like the Fair Labor Standards Act (FLSA) and OSHA, import-export policies, and environmental standards. State and local laws add layers, including zoning, building codes, sales tax permits, and professional licenses for fields like construction or retail. Businesses must obtain an EIN from the IRS, register appropriately, and renew licenses periodically.

Compliance and Licensing

Secure federal licenses for industries like aviation (FAA) or alcohol (TTB). State licenses track taxes and protect consumers, varying by location. Local licenses ensure public safety and fair competition. With employees, comply with payroll taxes for Social Security, Medicare, and unemployment, plus equal opportunity rules from the EEOC.

Taxes and Record-Keeping

Business structure dictates tax filing: C corps pay corporate rates; pass-through entities like LLCs report on personal returns. Collect and remit sales tax in most states. Maintain accurate records to avoid penalties.

Stay compliant via SBA resources and state agencies for ongoing requirements.