Business Registration Services
Visit a branch today to walk through the steps of registering your business with a BayFed team member. We can help you incorporate your business, set up your DBA, register an EIN, and more.
Incorporate as an LLC or Corporation
![Incorporate as an LLC or Corporation](https://www.bayfed.com:443/getmedia/685487dd-549f-4565-bccd-350acff57470/business-3.jpg)
If you’re a business owner, separating your business assets and personal assets can often be advantageous.
By forming a Limited Liability Company (LLC) or corporation, you can protect your legal and financial interests.
Benefits:
- Safeguard personal assets
- Pay less in taxes
- Gain credibility for your business
Get Your Doing Business Name (DBA)
![Get Your Doing Business Name (DBA)](https://www.bayfed.com:443/getmedia/3a9f0d87-c759-4011-b272-698837b16b72/business-1.jpg)
A DBA name is an official business name.
For instance, if Jane Smith wanted to start "Jane's Tax Services," she would need to file for a DBA. She could then operate under the business name instead of her own name, establishing a level of separation.
Filing a DBA also means a bank account can be created under the business name (requirements vary).
Benefits:
- Added professionalism and legitimacy
- Ability to open business accounts
- Accept payments as your business
- Separates ventures
Obtain an EIN Tax ID
![Obtain an EIN Tax ID](https://www.bayfed.com:443/getmedia/28613a8e-ec3e-4ac5-a41a-9589eaf9d309/business-2.jpg)
An Employer Identification Number (EIN), or Federal Tax ID, is a unique number used to identify a business entity. The Internal Revenue Service assigns the number, allowing you to file business income tax returns.
Benefits:
- Needed to open a business account
- Allows your business to hire employees
- Helps build a business’s credit profile
Operating Agreement
![Operating Agreement](https://www.bayfed.com:443/getmedia/dcf8b53a-e374-47d6-bb7f-988480e0dcc5/business-4.jpg)
An Operating Agreement lays the foundation of any LLC by establishing the rights and duties of an LLC’s members. No matter how you configure your business, it’s a valuable undertaking.
Benefits:
- Clearly defines your business
- Outlines roles and responsibilities
- Helps protect your personal assets