10 Steps to Starting a Business
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.
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.
Learn which tax identification number you'll need to obtain
from the IRS and your state revenue agency.
Step 7: Register for State and Local Taxes
Register with your state to obtain a tax identification
number, workers' compensation, unemployment and disability insurance.
Step 8: Obtain Business Licenses and Permits
Get a list of federal, state and local licenses and permits
required for your business.
Step 9: Understand Employer Responsibilities
Learn the legal steps you need to take to hire employees.
Step 10: Find Local Assistance
Contact your local SBA office to learn more about how SBA
can help.
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.