Starting a Business

Not sure where to start? How about here?

It All Starts with a Great Idea!

You have a great idea, now you want to turn it into reality. Starting a business involves planning, making important financial decisions, and completing a series of legal activities.

Before you dive into the details, start by answering a few questions:

1. Have you conducted Market Research?

Market research can better tell you whether there is an opportunity to turn your idea into a successful business. It is a way to serrow in on the competitive advantage for your business. Learn More

2. Have you written a Business Plan?

A business plan is a roadmap for how to structure, run, and grow your new business. You will use it to convince people that investing in your company is a smart choice. Learn More

3. Have you secured Funding for your Business?

The business plan will help you figure out how much money you will need to start the business. If you do not have that amount on hand, you will need to either raise or borrow the capital. Learn More

4. Have you researched Locations for Your Business?

Whether you are setting up a brick-and-mortar business or launching an online store, the choices you make could affect your taxes, legal requirements, and revenue. Learn More

5. Have you considered Legal Structure Options?

The legal structure you choose for your business will impact your business registration requirements, how much you pay in taxes, and your personal liability. Learn More

6. Have you decided on a Name for Your Business?

Your business name reflects your brand and captures your spirit. You also want to make sure your business name is not already being used by someone else. Learn More

7. Have you Registered Your Business?

If your business name is different than your personal name, you will need to register with the federal government, and maybe your state government, too. Learn More

8. Have you gotten Federal and State Tax IDs?

An Employer Identification Number (EIN) is ike a social security number for your business. You will need it for important steps to start and grow your business, like opening a bank account and paying taxes. Learn More

9. Have you applied for Licenses and Permits if applicable?

Keep your business running smoothly by staying legally compliant. The licenses and permits you need for your business will vary by industry, state, location, and other factors. Learn More

10. Have you opened a Business Bank Account?

A business bank account will help you handle legal, tax, and day-to-day matters. With the right registrations and paperwork, setting one up can be easier than you think. Learn More