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This is brought to you by Lodge & Co. – a business and tax advisory service for small business and start-ups. Visit our web site at www.lodge-co.com and learn more about us and what we can do for you.
Over the next few days you and I are going to talk about starting a business. What is the processes we need to go through and questions we need to ask, and the planning that needs to be done. We will go through the step by step process.
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. 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. Find a local accountant that can help you with many of these issues in the 10 steps. An accountant that has a strong background in business advisory services and business taxation. It is better to hire a professional upfront to do all the work for you and let you focus on developing your business. If you need help call our office at: 877.778.1770 and go onto our website at: www.lodge-co.com