Generally, if you're in a trade or business and receive more than $10,000 in cash in a single transaction or in related transactions, you must file Form 8300.| www.irs.gov
Open a business account when you're ready to start accepting or spending money as your business. A business bank account helps you stay legally compliant and protected. It also provides benefits to your customers and employees.| www.sba.gov
You might prefer a traditional business plan format if you’re very detail-oriented, want a comprehensive plan, or plan to request financing from traditional sources.| www.sba.gov
Keep your business compliant with state and federal business laws. Your legal responsibilities will depend on your business and location.| www.sba.gov