Consult your tax professional for tax advice since this is solely a high-level general overview of tax considerations for US businesses. Each business structure can have different tax implications, filing requirements, and benefits. Confirm with your tax and legal professional on the best form for your business and end goals. An Employer Identification Number (“EIN”) can be obtained from the IRS and is usually needed for a number of business purposes. Register your business with all applicable taxing authorities. Examples of taxes include federal taxes, state taxes, sales taxes, payroll-related taxes, industry-related taxes or levies, etc. A key to this is having a timely and accurate accounting and payroll system.