10 steps to starting a business

Write a business plan

• write down the goals and objectives for your new company started with a detailed outline of what you plan to accomplish

Obtain startup capital

• Whether you use your own savings or obtain loans starting a business requires money and the process can take months to complete, so start early

Set up a legal business structure

• setting your company as a corporation or LLC are popular legal structures for many businesses This protects owners' personal assets from business debts and liabilities

Obtain a federal employer identification number

• Incorporated businesses that hire employees must have one of these. They are issued by the IRS.

Get your business license

• Most state, county and local governments require businesses to obtain licenses before they begin to operate

Establish a web presence

• having a website is essential in today's business world of Internet searches and social media
• register a URL that is memorable and relevant to your company and your industry

Develop business collateral

• businesses use customize letterheads, cards and forms with their company name, logo and website to establish credibility

Open a bank account and merchant account

• to protect their corporate work or LLC veil , businesses must maintain separate business and personal accounts and records

Identify where to get help

• know where and when to seek advice from other sources, such as attorneys and account to assist you with specific questions about your business,
• establish a board of advisers or mentors to help you along the way

Follow government rules

• operating a business means satisfying ongoing government and legal requirements to maintain the company's good standing
• stay aware of the steps needed to maintain your company's status