Business formation refers to the legal and administrative steps required to operate a business.
Sole Proprietorship
Limited Liability Company (LLC)
Corporation
Each structure has different implications. Many small businesses start simple.
While requirements vary, common steps include::
Choosing Business name
Registering with the State
Obtaining Required Licenses or Permits
Settign up Basic Recordkeeping
Opening a Business Bank Account
Laws and requirements vary
Professional Advice may be appropiate
Keep personal and Business finances separate
Maintain Basic records from day one
The City of Tamarac provides educational resources and examples of digital tools for informational purposes only. The City does not endorse specific products or services and does not provide legal, tax, or financial advice.