Business Creation Celebration - With First Federal Lakewood

Love your passion? Start your business! Join fellow entrepreneurs for networking, indulge in complimentary refreshments, and foster the growth of your business! At this event, aspiring business owners can take advantage of the opportunity to learn about business banking products, officially register their businesses as an LLC and open a business bank account, courtesy of First Federal Lakewood. (Business Bank Accounts awarded to FIRST to the first 20 registrants). Objective: Our goal is to equip participants with the fundamental knowledge needed to initiate a compliant business in Ohio, laying the groundwork for quick responsiveness to funding needs, tax compliance, risk mitigation, and increased chances of success. Overview: - Best Practices for Start-Up Businesses: - Identifying a Solid Business Concept - Choosing Between For-Profit and Non-Profit Structures - Understanding Business Entity Types (Sole Proprietor, LLC, C-Corp) - EIN Registration - FinCEN Beneficial Ownership Registration - Vendor License Types - Zoning and Permitting - Local Partnerships - CDC, Department of Economic Development - Insurance (Liability and Workers Compensation) - Importance of a Business Bank Account • Walk Through Completing LLC Registration Application • Walk Through Completing EIN Application • Application Process for Business Bank Account What to bring: Business Name State ID or Driver’s License Business Address (no P.O. Box)

Speaker(s): SBDC Director and Staff Chalana Williams, First Federal Lakewood First Federal Lakewood, Business Bankers

Co-Sponsor(s):

What to bring: Business Name State ID or Driver’s License Business Address (no P.O. Box)

Fee: No Cost