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hey guys Matt here welcome into the business startup section of entrepreneurship basically what we're going to be doing in this video is showing you a step-by-step process of how you can get your business going basically for free without having to go spend 500 or 750 dollars with a company like Legal Zoom or any of those other business startup companies where they will go out and do the service for you and then you still have to pay the fees obviously with your state but this can save you a lot of money and if you're on a very tight budget like I was when I started my business I did not want to spend $500 on starting up the business when that money was much better put towards advertising so in this video basically just going to be showing you how you can do all this refer you with the exception of how much you need to pay your state in order to register business getting the federal employer identification number is free getting the state tax ID is free you just need to fill out the paperwork in this video I'm basically going to be showing you how to do it online so it saves you a lot of time you don't have to mail anything to go drive anywhere and it's a lot quicker and simpler also this is the information that you will need in order to get a business banking account as well and depending on what state you're in you may need to have these certain forms fill up before being able to go get a bank account so let's just get right into it we're going to basically be pretending to be starting a business in Minnesota just go to Google type in starting a business in Minnesota you can see lots of ads for LegalZoom and other companies like that they are fine and dandy they've helped over a million businesses get started and they can be great however on a tight budget this is the process you need to take it may take a little bit longer than just going to the website paying and then telling them a little bit of information that they would need to know and then boom it comes back a couple days later however with this then you'll have a better understanding of the whole startup process so you're gonna go to Minnesota Secretary of State that's where this from Minnesota if you're in a different state or even different country might be a different Department of government it could be a Department of Commerce Department of Treasury there are tons of different ways and varieties but chances are it's gonna be something related to that so you're gonna go to their website you're gonna go to business filings online down here we got file in your business or nonprofits with all the different theme outs for different types of companies so basically...

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