What are the filing requirements for a new business?
In the District of Columbia, forming a new business requires following some steps and meeting some filing requirements. The first step is to choose a business structure. Businesses can be formed as a corporation, a limited liability company (LLC), or as a partnership. Depending on the type of business, different documents are required to be filed with the relevant agencies. The second step is to select a business name. The name of the business must be unique, not indicative of a government agency, and not likely to be confused with other businesses. The selected name must also be approved by the agency in charge of business registration. The third step is to register the business with the DC Department of Consumer and Regulatory Affairs. This step requires a filing fee and the submission of a business registration form. Depending on the type of business, there may also be additional documents to submit. The fourth step is to obtain any applicable business licenses or permits. These licenses may be required in order to operate the new business in the District of Columbia, and they vary based on the type of business. The fifth step is to open a business bank account in the business’s name. A business bank account allows the company to deposit and withdraw funds. Depending on the bank, additional documentation may be required to open the account. Once all the filing requirements are met and the business is registered, the new business is ready to start operating in the District of Columbia.
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