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What are the steps required to open a business in the state of California?
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1. Determine the type of business entity you want to create and register with the Secretary of State.
2. Obtain an Employer Identification Number from the Internal Revenue Service.
3. Secure the needed licenses and permits from the state and local governments.
4. Open a bank account for your business and obtain any needed financing.
5. Learn about and comply with applicable laws, such as tax laws, labor laws, and zoning requirements.
6. File Form 2553 to elect S corporation status, if applicable.
7. Consider whether you need to purchase business insurance.
8. Establish a technology infrastructure for your business.
9. Set up recordkeeping systems for tracking income and expenses.