Setting Up Your Business — Raising Readers Nashville

Setting Up Your Business

For new child care centers, setting up your business will add several steps to this process that were not the focus of this document, but were discussed by some Directors. These early steps include choosing a tax status as a nonprofit or for profit organization, filing for a business license, and obtaining a Federal EIN Tax Identification Number.

SECTION EIGHT

Decide on a business name.

Obtain a Federal EIN Tax Identification Number.

File for a business license.

Set up your tax status: nonprofit or for profit organization.

Research and business tools: payroll program, tuition payment program, and communication tools.

Purchase url and secure any other online name-related assets (social media handles, etc.).

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