this is your first time doing it right....if so, go into it the right way... see, thats why u say talk to someone thats going to tell u abou the whole over all thing, not give u a paragraph on here and knowing its alot more too it.... u also gotta get ya Tax ID # from the state capital and etc....
when u dealing wit ya money, u wanna know exactly, what its doing, and where its going, not just running here in there doing stuff... as a business owner, there are a lot of other benefits involved... with you being a first time business owner, take ya time out, and go learn from someone who is going to sit down and explain stuff, now just give ya a quick internet lesson... im not trying to dog what the previous peeps have said, but thats just my opinion if u are serious about investing and learning the business side of what you are trying to get into... this aint just going to buy and MPC, and then learning it, this is money, and that once you start including the Government in, they wanna know whats going on, and also what money is being made and are they getting theirs, also u get tax write offs and all that other stuff, see, this is deep, go talk to someone, u cant learn this stuff just from this forum, u gotta research if u wanna do it online, and look at accredited sites.... goodluck