Starting a business involves making key financial decisions and completion of various legal activities. This following steps will provides information to help you plan, prepare, and manage your business.
1. Step 1: Research and Planning your business: Use these tools and resources to help you prepare your business plan and become a successful business owner.
Step 2: Assistance and Training:
Take advantage of free training and counseling services, from preparing a business plan to getting financing, and help expanding and relocating a business.
2. Step 3: Selection of business location:
Get advice about choosing a customer-friendly location and complying with zoning laws.
3. Step 4: Finance Your Business: Find government backed loans, venture capital and research grants to help you get started.
4. Step 5: Determine the Legal Structure of Your Business:
Decide whether you are going to form a sole proprietorship, partnership, LLC, corporation, non-profit or cooperative.
5. Step 6: Register a Business Name:
Register your business name with your state government.
6. Step 7: Get a Tax Identification Number:
Learn which tax identification number you'll need to obtain from the IRS and your state revenue agency.
7. Step 8: Register for State and Local Taxes:
Register with your state to obtain a tax identification number, workers' compensation, unemployment and disability insurance.
8. Step 9: Obtain Business Licenses and Permits:
Get a list of federal, state and local licenses and permits required for your business.
9. Step 10: Employer Responsibilities:
Learn the legal steps you need to take to hire employees.
