Starting Up a New Business?

June 11, 2019 by OSYB Staff

The decision has been made, business market research is completed, and you are ready to join the ranks of new business owners. Intuit QuickBooks shares next steps that you need to take to open your doors for business:

• Before you choose a business name, perform a corporate search with your Secretary of State office to ensure that your company name is available in your state. 
• Pick the business structure that best fits your business type.
• Register your business name to meet the legal requirements your business structure requires.
• Get your Employer Identification Number (EIN), if required by your business structure.
• Apply for all appropriate business licenses and permits.
• Develop a well-thought, detailed and organized business plan.
• Secure your business and personal finances to cover at least one year of operation.
• Create a website that best represents your business plan.
• Manage all your pre-marketing needs such as business cards, brochures, coupons and the appropriate social media profiles for your market segment.
• Hire the help if needed.
• Utilize the right accounting software that will energize your business and efficiently perform necessary routine tasks.
• Hire an attorney, of you have intellectual property to protect.
• Stay on top of all compliance requirements for as long as you are in business.

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For more details: How to start a business for new entrepreneurs

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