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Starting a Business the Easy Way

To start a business, you have to plan and make key financial decisions and complete a series of legal activities. Here is how to start a business the easiest way to you plan, prepare and manage your business.

  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.
  2. Seek for Business Assistance and Effective Training. Take advantage of free training and counseling services, from preparing a business plan and securing financing, to expanding or relocating a business.
  3. Look for the Most Ideal Business Location. Get advice on how to select a customer-friendly location and comply with zoning laws.
  4. Capitalization. Find government backed loans, venture capital and research grants to help you get started.
  5. Know what Legal Structure your Business is in. Decide which form of ownership is best for you: sole proprietorship, partnership, Limited Liability Company (LLC), corporation, S corporation, nonprofit or cooperative.
  6. Register a “catchy” Business Name. Register your business name with your state government.
  7. Have a Tax Identification Number issued. Learn which tax identification number you’ll need to obtain from the IRS and your state revenue agency.
  8. Register for State and Local Taxes. Register with your state to obtain a tax identification number, workers’ compensation, unemployment and disability insurance.
  9. Secure Licenses and Permits. Get a list of federal, state and local licenses and permits required for your business.
  10. Consider and Learn More about Employer Responsibilities. Learn the legal steps you need to take to hire employees.

These are simple yet very powerful ways that you may follow in order to start a business the positive way. Key into this and know your business are growing and becoming more efficient.

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