10 Steps to Starting a Business
Starting a business involves
planning, making key financial decisions and completing a series of
legal activities. These 10 easy steps can help you plan, prepare and
manage your business. Click on the links to learn more.
Step 1: Write a Business Plan
Use
these tools and resources to create a business plan. This written guide
will help you map out how you will start and run your business
successfully.
Step 2: Get Business Assistance and Training
Take
advantage of free training and counseling services, from preparing a
business plan and securing financing, to expanding or relocating a
business.
Step 3: Choose a Business Location
Get advice on how to select a customer-friendly location and comply with zoning laws.
Step 4: Finance Your Business
Find government backed loans, venture capital and research grants to help you get started.
Step 5: Determine the Legal Structure of Your Business
Decide
which form of ownership is best for you: sole proprietorship,
partnership, Limited Liability Company (LLC), corporation, S
corporation, nonprofit or cooperative.
Step 6: Register a Business Name ("Doing Business As")
Register your business name with your state government.
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.
Step 8: Register for State and Local Taxes
Register with your state to obtain a tax identification number, workers' compensation, unemployment and disability insurance.
Step 9: Obtain Business Licenses and Permits
Get a list of federal, state and local licenses and permits required for your business.
Step 10: Understand Employer Responsibilities
Learn the legal steps you need to take to hire employees.
Startup Resources
There
are a number of available programs to assist startups, micro
businesses, and underserved or disadvantaged groups. The following
resources provide information to help specialized audiences start their
own businesses.
Environmentally-Friendly "Green" Business
Home-Based Business
Online Business
Self Employment
Minority Owned Business
Veteran Owned Business
Woman Owned Business
You
can save money when starting or expanding your business by using
government surplus. From commercial real estate and cars, to furniture,
computers and office equipment, find what you need for your business in
one place.
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