The type of business entity you choose for your Pennsylvania small business will impact your business in a positive or negative way so you must choose the right fit based on your business needs.
Your business entity will also determine how much state and federal taxes you’ll pay, the type of paperwork that you need to comply and the opportunities for future business growth that will come your way.
If you’re not sure which business structure to choose, you can read our walkthrough guide to learn about the advantages and disadvantages of every entity. Otherwise you can check out our side-by-side entity comparison chart.
Once you’ve chosen the right business entity, you can proceed with the registration which should be done before the Pennsylvania Secretary of State.
The process of incorporating your business can be quite daunting so if you want to save yourself from the hassle, you can use the services of online incorporation providers like IncFile (for $49) and LegalZoom (for $149). They are two of the best industry!
On the otherhand, if you’re confident that you can do the process on your own, you can get started and read the following guides below.
Your Pennsylvania small business is now officially incorporate! But you can’t celebrate just yet, because there are 5 additional requirements that you need to fulfill first before you can fully operate your business. Complete them now and start operating your business!
While writing a business plan is not required when starting a business in Pennsylvania, it will make a huge difference if you have one. If you want to succeed, you must build your Pennsylvania small business with the strongest and most stable foundation and the only way you can do that is if you write a game plan.
To start writing your business plan now, you can use these simple resources to assist you in the process.
It is vital to separate your personal and business finances because this enables healthy financial management. The only way you can effectively separate your business finances is to open a business bank account in a trusted bank. By doing so, you will be able to manage and track your expenses better.
Recommended Resource: Read this roundup for the type of business bank account that suits the type of business you’re building.
Pennsylvania taxes and finances should be maintained to avoid future problems and issues with the Internal Revenue Service and even the state government.
You must fulfill your business obligations to ensure continued operations in the state of Pennsylvania. You can register at the Pennsylvania Department of Revenue to comply with tax obligations.
Recommended Resource: If you’re looking for an expert in accounting and bookkeeping to assist you, there’s no other software to use but Xero. It’s one of the most well-established in the industry. Try Xero free for 30 days now!
Business licenses and permits are mandatory requirements when starting any kind of business in any state. There are certain standards that you need to meet inorder to legally conduct business in the state of Pennsylvania so you to comply with them.
By obtaining and renewing your licenses and permits, you adhere to the standards and policies set by the Pennsylvania government.
Recommended Resource: Business licenses are not the same for all businesses so you need to know what kind of licenses are applicable to the kind of startup you’re operating. If you need professional assistance in compiling, you can use this business research license package. Otherwise you can look into the SBA’s roundup resources.
Not a single business today exists without having a website. It is a must to have one because it enables you to reach a geographically dispersed market. Apart from that, a business website gives you the opportunity to deliver your business message and branding better.
Building a business website is so much easier because there are many tools that you can use. WordPress is an example of this tool; it’s a free platform that allows you to build and format a website in just minutes. Bluehost is another excellent tool that has a one-click WordPress installation and 24/7 customer support feature.
Please note that this article is meant for informational/instructional purposes only. It is not a legal document nor a replacement of legal advice. If you need specific answers regarding the legalities of incorporating your Pennsylvania small business, you can consult your attorney for professional legal advice.