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What are the legal requirements to start a small business?
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The legal requirements to start a small business vary greatly depending on the type of business, the state and local laws, and other factors. Generally, some of the legal requirements for starting a small business may include obtaining a business license, selecting a business structure (e.g., LLC, corporation, etc.), registering with the state, obtaining an Employer Identification Number (EIN), setting up a bank account, and — depending on the business — securing any necessary permits or certifications.