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How do I become an official small business owner?

I have a small store in Yahoo, but would like to become an official small business owner. This way, I can register to receive credit card payments online and have the company officially registered. For this, I need to have business owner information and a business social security number. I have no idea where to start all of this!

Also, which state should I try to register my business in since it is online?? Any advice?

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2 Responses to “How do I become an official small business owner?”

  1. piratedoll said :
    July 22nd, 2010 at 2:35 pm

    Register your store name as an assumed business name in the state/county of your residence. Then apply to the IRS for a federal tax ID number.

  2. Billl said :
    July 22nd, 2010 at 2:45 pm

    Check out http://www.jumpup.com for advice. Look under the Start a Business menu and try Business Name and Identity.




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