Formalizing your business means taking time to complete the legal, regulatory, and structural steps required to start a business.
Decide the Legal Structure
Decide which form of ownership is best for you: sole proprietorship, partnership, Limited Liability Company (LLC), corporation, S corporation, nonprofit or cooperative. Financial, tax and legal obligations are impacted by the legal structure of the business entity. Speak with your legal advisor to determine the best structure for your business.
If you choose partnership, Limited Liability Company (LLC), corporation, S corporation, nonprofit or cooperative - you will need to apply for a Federal Employer Identification Number (FEIN) obtained through the U.S Internal Revenue Service (IRS).
If you choose sole proprietorship - you will need to use your Tax Identification Number (this will be your Social Security Number or ITIN)
Register Your Business Name
Registering your business name is important to the branding of your business in the City of Montgomery. When doing business in any name other than your personal name, it is important to register your “Doing Business As” (DBA) name with the appropriate authorities.
Formalize Your Business Quick Links
SBA's: "Choose Your Business Structure"
Entrepreneur Magazine: "Choose Your Business Structure"
Apply for a Federal Employer Identification Number (FEIN) Online
Everify Your Business Online
Alabama Office of the Secretary of State, Name Reservation Online Portal