Business & Contracts: Documents & Advice – Rocket Lawyer

Small business consultants often have the same, unglamorous but practical, answer of “get your own finances in order.” You can easily and affordably start your business by using our incorporation services. We can help you form your LLC, obtain your tax ID number (EIN) and designate a registered agent, but it is up to you to manage your finances. Your personal credit may matter if you are intending to apply for small business loans, business credit cards, commercial lease space, or investment funding.

In addition to forming a legal business entity, here are a few more actions to consider when starting a business:

• Separate your personal and business checking and savings accounts
• Improve your personal credit score
• Settle issues you may have with the IRS or state tax agency
• Avoid additional debt, if possible
• Separate your personal and business properties
• Consult with an accountant about how best to prepare for filing business taxes