STEPS IN STARTING 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. you can have more than one plan then you weight for the good plan and implement.

Step 2: Get Business Assistance and Training

Or meet people who have succeeded in kind of business you want to start, remember some does not like you to success so be carefully when your listening from them.

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.determine to which place shall your commodity or service needed? example. establishing stationary near the municipal office/ school etc.

Step 4: Finance Your Business

Find government backed loans, venture capital and research grants to help you get started. you can even sell your personal capital like suboofer/radio/television and even piece of land.

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 to avoid conflicts with the 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. avoid hiring friends with no professions perhaps you can not take step in growth of ur business

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Hope you can start your business now
thanks for reading (remember to like my page)
nxt time i will explain on YouTube
(source: SBA.GOV USA Official blog)