1. Connecting Neighborhoods to the City’s Economic Growth Start-Up Business Session 3 – Business Start-up, Registration, Structural and Legal Considerations

2. Business Start Up Basics Naming your company Creating a legal entity Obtaining an EIN Opening a Bank Account Business Governance Insurance Industry Specific registration requirements

3. Naming Your Company Check for name availability https://www.corporations.state.pa.us/corp/soskb/csearc h.asp Does name communicate your brand? Is it confusing with other names? Is it available as trademark? US Patent and Trademark Office – USPTO http://www.uspto.gov/trademarks/index.jsp

4. Creating a Legal Entity

5. Business Formality Who Can Be a Shareholder? Income Allocation Pass-Through Losses Class of Stock Reinvesting Profits

6. EIN and Bank Account Obtaining an EIN http://www.irs.gov/Businesses/Small-Businesses-&-Self- Employed/Apply-for-an-Employer-Identification- Number-(EIN)-Online http://www.irs.gov/Businesses/Small-Businesses-&-Self- Employed/Apply-for-an-Employer-Identification- Number-(EIN)-Online Opening a Bank Account Corporate organization documents EIN $$

7. Business Governance LLC Operating Agreement Contracts Documenting activities Receipts and bookkeeping

8. Insurance General Liability Umbrella (personal) Errors and Omissions Directors and Officers Specialty coverage

9. Industry Specific registration requirements Permitting Licensing Federal vs State vs Local/County

10. Questions and Answers