If you want to be an effective entrepreneur, you should have at least 10 good friends who are already successful entrepreneurs. Few entrepreneurs succeed in isolation, because, business is a social game.
A “disregarded entity” is an important tax status for self-employed sole-proprietors. In a nutshell, it means you can form a LLC for your business, but…
If you’re setting up a business bank account or need a business license, there will probably be a space on the form for your EIN. Fortunately, it’s simple to apply for your own business tax ID number via the web.
Naming your business is an important branding exercise, but if you choose to name your business as anything other than your own personal name, then you’ll need to register it with the appropriate authorities.