Start Business in US (STEM OPT)

1. Legal Eligibility

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A student can only participate the STEM OPT twice

Must purpuse their practical training through a employer that is enreolled in E-verify

they may use a start-up business so long as all regulatory requirements are met

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May work for more than one employer, must be related to degree program and must be enrolled in E-verify

2. Steps froim SBA

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1. Conduct market research

2. check if it is profitable

3. Write business plan. Roadmap for how to structure, how to grow

4. Fund your busniess

5. Raise enough money

6. Pick a location

7. Choose structure

8. sole proprietorship

9. partnership

10. LLC (limited liablity company)

6. Choose name

7. Register, make it legal and protect the brand

8. Fedral, just simply filing to get a EIN

9. CA

10. Get EIN for federal and state tax

11. just like the SSN for business

12. Apply for licenses

13. vary by industry, state, locaiton and other factors

14. Open a business bank account