What steps do I need to take to start my own company?

You can own your own business. I can show you how I make more in 1 month than most make in 1 year. See my real story at http://www.WealthCreatorsUnlimited.com Also visit www.sba.gov for licenses etc.

You will need to file for an S-Corp, LLC, C-Corp or Ficticous Name (if you are going to run a sole proprietorship). To determine which one you want you will need to look at the tax ramifications and the liability of each. The type of business will also matter. You will need a tax id from IRS.gov also known as a Federal Employer Identification Number or FEIN. You really need to determine how you want your corporate structured first. I would suggest looking for a local "registered agent" or CPA. They don't charge very much and will help you set up correctly. Otherwise just call the department of business in your state and they should be able to help. They probably have FAQs on their website.

Hire a business law attorney to take care of it for you. Yes, it is very simple. In the process, you can start building your business bible: your ideas, your likes, your dislikes, your plans, your research, your business plan, your mission statement, possible suppliers, possible clients, etc. This will be invaluable when you finally decide what direction you want to go. Once your attorney has filed the necessary paperwork, research which licenses you may need, and scope out a very good accountant. Although you may not be doing business, depending on how you form your company you will still be required to file state and federal paperwork, unemployment payments, social security taxes, possibly franchise taxes, etc. Sounds intimidating, but a good accountant can take care of the hard part for you. Once the initial paperwork is filed, you will receive your EIN and your attorney will prepare your company book. When you receive that, then you will know you are in business -- and now it is time to get serious. Next step is to scope out a good insurance company that can provide liability for your company, possibly group health plans for yourself and any employees you plan to hire. Then, it is all up to you. My advice to you is to research every possible step you will need to take, follow through, don't deviate and hire the best people to make your plans become a reality. Best wishes with your endeavor. P.S.: Even if you file for a fictitious company, you still have to prepare quarterly reports and file your taxes, even with no income. And if your reports and return are blank, plan on being audited. Edit: after reading your additional information, you most definitely need to hire a very good business law attorney and a top notch accountant because if your are taking care of overseas accounts as a contractor for someone else, you absolutely need to make sure you have prepared properly. Best wishes.

You will need to file for an S-Corp, LLC, C-Corp or Ficticous Name (if you are going to run a sole proprietorship). To determine which one you want you will need to look at the tax ramifications and the liability of each. The type of business will also matter. You will need a tax id from IRS.gov also known as a Federal Employer Identification Number or FEIN. You really need to determine how you want your corporate structured first. I would suggest looking for a local "registered agent" or CPA. They don't charge very much and will help you set up correctly. Otherwise just call the department of business in your state and they should be able to help. They probably have FAQs on their website.

You can own your own business. I can show you how I make more in 1 month than most make in 1 year. See my real story at http://www.WealthCreatorsUnlimited.com Also visit www.sba.gov for licenses etc.