HOW TO START 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. A 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.

Step 7: Get a Tax Identification Number
Learn which tax identification number you'll need to obtain from the IRS and your state revenue agency.

Step 8: Register for State and Local Taxes
Register with your state to obtain a tax identification number, workers' compensation, unemployment and disability insurance.

Step 9: Obtain Business Licenses and Permits
Get a list of federal, state and local licenses and permits required for your business.

Step 10: Understand Employer Responsibilities
Learn the legal steps you need to take to hire employees.

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.

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