Different Industries to Start Your Business In [+Business Guides]
Starting a business demands that you decide on a business name, idea, and niche industry. And your choices will impact the licensing requirements, tax obligations, paperwork, and suggested insurances for your business.
To make things easier for you, we’ve created in-depth business startup guides for the common industry types.
Learn about the things you need and the step-by-step process you should follow to start your business in the popular industries below.
Regardless of the industry you pick to start a business in, you need to choose an entity type and register it with the state and federal governments.
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Popular Entity Types for Your New Business
Another important business formation decision is to select the right legal structure. You should consider your ownership, management, taxation, and industry needs to select an entity type that offers the best of everything you need.
While LLCs are the most preferred entity type for businesses across industries and sizes, you can pick one from the popular structures listed below.
Select an Entity Type
Get started with our fast Tax ID/EIN application process. Select an entity and fill out the required fields
Why Choose GovDocFiling to Start Your New Business?
We know exactly what you need to start a small business in different industries and what you do not need (no unnecessary upselling expenses).
We also know which mistakes to avoid to save your time, money, and resources.
Let our experts help you start your business in your desired industry today.
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Our Business Startup Packages Across Industries
GovDocFiling offers the most cost-effective business startup packages that include everything you need as a startup or small business owner.
From state filings to EIN registration and six important legal document templates, we’ve got all your business formation needs covered.
Frequently Asked Questions
What is an example of a tax ID number?
A federal Tax ID Number is an identification number used by the Internal Revenue Service (IRS) to administer tax laws. This number is issued either by the IRS or Social Security Administration (SSA). A business Tax ID number is required on tax return forms.
Learn MoreHow do I get an EIN application?
An Employer Identification Number is a nine-digit number that identifies your business. It works much the same way your social security number does. If your company has employees, is a corporation or partnership, has a Keogh Plan or fits one of several other situations, it must have its own EIN.
Learn MoreHow many EIN numbers can I have?
As a business owner, you probably know your company needs an EIN (or Tax ID Number) issued by the IRS for tax purposes. But what if you own multiple businesses or operate different divisions of the same entity?
Learn MoreWhat is the purpose of a tax ID number?
Your business is going to need to file income taxes. The Internal Revenue Service uses Tax Identification Numbers to distinguish between individuals, business, and nonprofit organizations, but business tax ID numbers should be distinct from your personal federal tax ID number.
Learn MoreWhat does it mean to have a tax ID number?
For the IRS to conduct its business, it must have an easy way to identify each individual and business. To do this, they require each individual and business to have a tax ID number.
Learn MoreHow does an SSN differ from a tax ID?
A social security number (SSN) is a tax code used by an individual, while a tax ID is a nine-digit tax code for a business entity. For a business entity, a tax ID is usually called an EIN.
Learn MoreWhat is a DBA?
If you’ve ever considered working for yourself, or starting your own business, you may have wondered: what is a DBA? Is a fictitious business name the same as a DBA? What are the benefits of a DBA to my business and myself?
Learn MoreCan a DBA be filed for all business types?
Each type of business entity has clear advantages and disadvantages. Can a DBA be filed for all business types? In most cases, yes; but understanding what a DBA is and what it’s limitations are will help you decide if it’s worth
Learn MoreHow many DBA names can I register?
DBA application filing is a process overseen by state DBA laws and local government, protecting the public from nefarious business owners. DBA is an abbreviation for “doing business as,” and is also referred to as a fictitious name or trade name.
Learn MoreDo I need a DBA?
If you’ve ever considered freelancing, or starting your own business, you should take a few moments to answer this very important question: Do I need a DBA? Not every small business owner needs to pursue DBA application filing, but
Learn MoreAre any words prohibited in a DBA name?
DBA is an acronym that stands for “doing business as.” You may be wondering “do I need a DBA?” If you intend to do business using a name other than your legal business name, you need a DBA. DBAs are common for sole proprietors or partnerships that do not want to use the owners’ legal names to do business.
Learn MoreDBA vs. EIN
If you’re starting a business, there are more then a few abbreviations you’ll need to remember. Filing a DBA application, or applying for an EIN, are two common steps for new business owners. However, they are not the same thing, and as a business owner you should know the difference.
Learn MoreWhat is an LLC?
A limited liability company, commonly referred to as an LLC, combines the taxation benefits of a partnership with the limited liability of a corporation. Instead of partners, LLC business owners are called members, and there can be several, or a single member.
Learn MoreWhat are the benefits to filing for an EIN as an LLC?
A limited liability corporation is one in which the members aren’t personally responsible for any company liabilities or debt. Limited liabilities have the protections of a corporation but the flexibility of a partnership. If your business is listed as a limited liability corporation, you can benefit further by applying for an Employer Identification Number.
Learn MoreWhat’s the difference between an LLC and a corporation?
The fine print that separates a limited liability company (LLC) from a corporation can be overwhelming for new business owners or entrepreneurs. While the minutia of these details might be best suited for a legal advisor or accountant, the broad differences are fairly easy to understand, and they might be enough to help you make a judgment
Learn MoreWhat happens if I apply for the wrong LLC?
Limited Liability Companies (LLC) are popular business structures because they offer personal liability protection for members and don’t have all the formalities that corporations do. LLCs also enjoy pass-through taxation, which means the company doesn’t pay federal income taxes; instead,
Learn MoreWhat legal documents do I need to start an LLC?
For entrepreneurs thinking about starting their own business, forming an LLC is an ideal option, as such an entity provides the owners protection from lawsuits, business debts and other business indiscretions. However, in order to obtain that protection, there are a number of documents that the business owner or owners must file with the state government prior to conducting business.
Learn MoreWhat are the differences between a partnership and a Limited Liability Company?
A Limited Liability Company is a legal entity all its own, while a partnership is owned by two or more people who share legal responsibility of the business entity. In a partnership, the business does not possess a legal identity outside of the business owners. A Limited Liability Company offers more flexibility in terms of operations and personal asset protection.
Learn MoreWhat is a C-Corporation?
A C-Corporation is just anther way of saying corporation. It means the same thing. Corporations are incorporated business entities that file Articles of Incorporation with the Secretary of State or a similar government agency.
Learn MoreCan a C-Corp have multiple owners?
There are certain C-Corp requirements to meet whether you want to start a corporation with one shareholder or dozens. It is certainly possible to apply for a C-Corporation EIN with multiple owners, and when forming a C-Corp in this manner, there are a few points to keep in mind.
Learn MoreWhy is a C-Corp taxed differently than an LLC or S-Corp?
Unlike other business structures, C-Corp taxation is significant in that corporations are taxable entities. Corporations are taxed like an individual and contribute according to corporate income, and then again on shareholder tax returns. This is commonly called ‘double taxation’.
Learn MoreWhat is an S-Corp?
S-Corporations, sometimes called S-Corps, can be useful ways for business owners to avoid what’s called “double taxation”, while also protecting shareholder assets from personal liability. It’s a mix of advantages drawn from other types of business entities; and it isn’t nearly as complicated or time consuming as you might think to establish.
Learn MoreHow do I file to become an S-Corporation?
Before we dive into how to file to become an S-corporation, let’s take a look at what an S-corporation is, exactly, and why you may want to establish this type of business entity for your company. S-corporations are similar to partnerships, or sole proprietorships, at least in terms of how the company will affect you financially.
Learn MoreWhat is a disqualified S-Corporation?
There’s No Such Thing as a Disqualified S Corporation. Luckily, S corporation disqualification is more of an urban legend than fact. In 2010, Congress attempted to pass a measure that would have disqualified some S corporations, primarily small businesses, from using S corp tax structures when filing.
Learn MoreLooking for Business Guides by Industry? We’ve Got You Covered
Our specifically-curated business guides by industry provide information about the market size, demands, expected costs, and licensing requirements across popular industries.
While you plan for other aspects of your business, let us help you with what we are good at – registering your business legally.
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