Starting your business takes some planning and depending on the type of business or service you will have, you will have to do some planning. This page will help you take the steps you need to get things moving.
Name Your Business
First, you want to get a business name for your business or service. If you are still unsure about your name, visit our “Business Ideas” page for some tips and ideas. When you have your name, then you want to make sure it is available on the internet. There will be some suggested websites to use, but can always use the site you want.
You can get help with Blue Host‘s building a website using Blue Host, a video that shows beginners how to build their business website.
Once you have searched and found a name, you can then purchase a domain name, this is your .com, net. etc., your business URL address.
Create My Logo
You will need a logo, this will identify you and your brand. There are a few ways to create your logo, you could do it yourself, or you could pay someone to do it for you. Below are some suggested websites that you can use.
Register Your Business
Not all businesses, need to be registered, check with your state. Choose what you will be Sole Proprietor, LLC, S-Corp, Or Inc. Registering your business not only create your presence in your and other states but also open up a whole world of new opportunities for your business. You can now get a business checking account and apply for funding and grants. Some of these services have a fee, that you can do yourself, but if you need some help, listed below are websites that can help.
Your Free Ultimate Guide How to Incorporate or Form an LLC
Once you have registered your business get an EIN
You need an EIN if you:
- Started a new business
- Hired or will hire employees, including household employees
- Opened a bank account that requires an EIN for banking purposes
- Changed the legal character or ownership of your organization (for example, you incorporate a sole proprietorship or form a partnership)
- Purchased a going business
- Created a trust
- Created a pension plan as a plan administrator
- Are you a foreign person and need an EIN to comply with IRS withholding regulations
- Are a withholding agent for taxes on non-wage income paid to an alien (such as an individual, a corporation, or a partnership)
- Are a state or local agency
- Are a federal government unit or agency
- Formed a corporation
- Formed a partnership
- Administer an estate formed as a result of a person’s death
- Represent an estate that operates a business after the owner’s death.
Market Research
Before you write your plan, do a market research analysis so you get an idea of your customer base.
Write Your Business Plan
You want to sit down and write out a plan for your business. This will be like an outline for you to go by to build your business. This is like a map you will be able to follow for a more successful business.
Open a Business Bank Account
Open a business checking account, this will help you keep track of money transactions and will help you when getting grants, loans are working capital for your business.
One of the main credit reporting agencies that provide credibility for businesses.
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