All entities engaged in a trade or business (sole proprietorships, partnerships and corporations)Landlords engaging in the business of renting propertyNonprofit organizations, federal, state or local governmental agenciesTrusts of qualified pension or profit-sharing plans
Once you set up a company, open a bank and prepare your business with the following steps. 1. Business License 2. Credit Card Setup 3. Rent Contract 4. Payroll Tax Report 5. Sales Tax Reporting 6. Personal Property Tax