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Starting your own business is an exciting and fruitful experience for many entrepreneurs. Yet many people hold the misconception that setting up a company is a complicated, drawn-out process. As a result, they don't follow their dreams.
Some cities and states offer online applications, which makes the process fairly effortless. Expect to pay a fee and to apply for both state and federal business licenses. Be prepared with a few backup names for your business in case the name you want already is taken.