Learn which tax identification number you’ll need to obtain from the IRS and your state revenue agency, such as Employer Identification Number (EIN). If your business is an LLC with no employees, you don’t need to apply for an EIN, but it may still be a good idea to separate your business from your personal Social Security number. Learn more about registering an EIN here.

Apply for Licenses, Permits, and Tax Exemption

Make a list of federal, state, and local licenses and permits required for your business. In addition to leases and permits for your farm site, your business may also require Hazard Analysis Critical Control Point (HACCP) certification, a shellfish shipper license, and other licenses and certifications.

Open a Business Bank Account

Keep business and personal bank accounts separate. You can open a business account as long as you have an EIN, or a Social Security number if you’re a sole proprietor. It may also be helpful to open a separate business credit card for all of your business expenses.