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Next is getting a tax ID for your business start-up, this is one of the most important part of the process. This tax-ID will help you in forming your business entity with the state secretary. You can then also use this ID to open savings as well as checking accounts in the bank.

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Your next goal should be creating a checking and savings account in the bank of your choice. The thing is that your business start-up will be receiving money once it starts operating, and this money will be in the form of paying bills. Therefore, you'll need a savings & checking account if you have to run your business with efficiency. As the banks are helpful towards new businesses these days, it'll be therefore easy for you to find a bank giving you a free savings & checking account to run your business start-up. You can look for the local banks in your state or locality. Besides, there are local credit unions, which are usually the better option for small businesses.
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