Setting Up Your Business the Right Way
As you prepare to start or grow your bookkeeping, accounting, or tax business, one of your first steps is deciding how your business should be set up. This page introduces a resource you may want to review as you think through business formation, licensing, and basic compliance.
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Disclosure: Universal Accounting Center may receive compensation if you purchase LegalZoom services through our referral link. UAC is not a law firm and does not provide legal advice. LegalZoom is a separate company, and you are responsible for reviewing their services, pricing, terms, and options before making a purchase.
Why Business Formation Matters
Starting a business is more than choosing a name or opening a bank account. Your business setup can affect your taxes, liability, records, banking, contracts, and how clients view your company.
Some business owners start as sole proprietors. Others form an LLC or corporation. Some use a DBA when they want to operate under a business name that is different from their legal name. The right choice depends on your goals, your state, your services, and your personal situation.
Important reminder: UAC cannot choose the right legal structure for you. We encourage you to review your options and get professional guidance when needed.
Questions to Think About Before You Get Started
Before using any business formation service, take a few minutes to think through these questions. Your answers can help you make better decisions and avoid extra work later.
- What name do you want to use for your business?
- Is that name available in your state?
- Will you operate under your personal name, a business name, or a DBA?
- Will you work from home, lease office space, or operate virtually?
- What state or local business licenses may be required?
- Will you need an EIN from the IRS?
- Will you open a separate business bank account?
- Do you need an operating agreement or other organizing documents?
- Who will help you understand the legal and tax impact of your choice?
How LegalZoom May Help
LegalZoom offers online business formation services that may help you explore and complete certain setup steps. Depending on your needs, their services may include help with common startup tasks.
- Forming an LLC
- Forming a corporation
- Filing a DBA
- Starting a nonprofit
- Exploring business license needs
- Applying for an EIN
- Creating an operating agreement
- Setting up registered agent services
Not every service is right for every business. Review each option carefully so you understand what is included, what costs extra, and what ongoing responsibilities you may have after your business is formed.
A Reminder About Business Licenses
Forming an LLC or corporation is not always the same thing as getting a business license. In many areas, a business license is handled by your city, county, or state. You may need both a legal business entity and a local business license before you begin operating.
Because rules vary by location, always check the requirements where your business will be located. If you work from home or serve clients online, you may still have local rules to follow.
Get Professional Guidance When Needed
Choosing a business structure can affect legal liability, taxes, ownership, and compliance. If you are unsure which option is right for you, consider speaking with an attorney, CPA, Enrolled Agent, or another qualified professional.
UAC’s role is to help you build the skills and confidence to provide bookkeeping, accounting, and tax services. We can introduce helpful business resources, but we do not provide legal advice or choose your business structure for you.
Suggested Next Step
When you are ready, visit LegalZoom’s business formation page and review the available options. Use the information as a starting point to better understand what may be needed to set up your business properly.
Visit LegalZoom Business FormationTake your time with this step. A well-organized business setup can help you look more professional, stay compliant, and build a stronger foundation for serving clients.