29 Sep Review the first three sections of the following video: Legal
Review the first three sections of the following video: Legal Requirements Video (SBA/21:00).
https://learn.sba.gov/learning-center-plan/learning-center-how-to-write-a-business-plan/business-plan-blueprint
The sections include: Legal Requirements Overview, Determining Your Requirements, and Registering and Licensing.
Assignment Details
After reviewing the Legal Requirements video, download the Legal Start-Up Checklist (DOCX)
Download Legal Start-Up Checklist (DOCX) and respond to the twelve (12) legal questions, using the SBA information and other research. Responses must be clear and contain fully descriptive sentences that incorporate the question into the response. Responses can contain quotes. Include supporting citations (including page and source identification) for all sources.
The IRS requires you to obtain an IRS identification number similar to a Social Security number individuals use to file taxes. Locate the EIN Form S-44 at this site: Employer Identification Numbers (Internal Revenue Service).https://www.irs.gov/businesses/small-businesses-self-employed/online-ein-frequently-asked-questions
Download the document, complete it, and submit the form to your instructor. Note: part of this assignment is finding the download. Any direct information not available can be completed using fictitious information consistent with the case study.
Submission Instructions
Upload the following documents:
- Start-up Legal Checklist
- A copy of the completed IRS EIN form 44-S
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Requirements For Starting a New Business
Background Work
Legal Requirements
1. Do we need a business name (DBA) and a company name? Explain.
A fictitious name (also known as a “doing business as” or “dba”) is:
· Different from your personal name, if doing business as a sole proprietor.
· Different from your entity’s legal name, if you have incorporated or otherwise formed a separate legal business entity.
2. Do we need to researched Federal, State, and Local business naming laws and requirements?
3. Do we need to researched Federal, State, and Local Labor Laws?
4. Do we need to research our need for and how to obtain an EIN?
5. Do we need to research Federal, State, and Local tax requirements?
6. Do we need to determine Income tax Estimated tax Self-employment tax Employment tax Excise tax Sales tax?
7. Do we need to research zoning ordinances?
8. Do we need to research securities registrations requirements?
9. Do we need to research Permits & Occupational/Professional licenses?
10. Do we need to research necessary OSHA requirements?
11. Do we need to research Federal, State, and Local environmental regulations?
12. Do we need to research the necessary components to conduct risk management for Restaurants services/products? Explain.
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