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One of the first things you should do is get a EIN this is free at the IRS’s web site.
Then you need to set up your business what most people do is start off with a DBA. A better option would be to talk with a CPA the problem a CPA will give you advise to save you money on your taxes. The best choise is to talk with an attorney they will advise you how to save money on your taxes but also to give you the best protection.
According to
Rich Dad.com a bad corparation would be a sole propriter or a general partnership becuase your not protected at good business would be a C -corparation, S-corparation, LLC, or LP. To learn more I would highly suggest
Own Your Own Corparation.
Get a consultation with an attoroney at no extra charge
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