Starting a business involves planning, making key financial decisions and completing a series of legal activities. These 10 easy steps –with links to resources–can help you plan, prepare and manage your business.
This is a good way to answer all the question you might have about starting a particular business. Check it often and update your mission, goals and strategies.
Take advantage of free training and counseling services, from preparing a business plan and securing financing, to expanding or relocating a business. Check sba.gov for resources.
Get advice on how to select a customer-friendly location and comply with zoning laws. Talk to realtors and other business owners in your community.
Find government backed loans, venture capital and research grants to help you get started. Google options and visit SCORE.org for help with getting a free mentor.
Decide which form of ownership is best for you: sole proprietorship, partnership, Limited Liability Company (LLC), corporation, S corporation, nonprofit or cooperative.
Register your business name with your state government. Call your country clerk’s office for information.
Learn which tax identification number you’ll need to obtain from the IRS and your state revenue agency.
Register with your state to obtain a tax identification number, workers’ compensation, unemployment and disability insurance.
Get a list of federal, state and local licenses and permits required for your business.
Learn the legal steps you need to take to hire employees.