How to open business?

starting business involves planning, making key financial decisions , completing series of legal activities

step 1: writing business plan
written guide map out how start , run business successfully. go http://sba.gov/smallbusinessplanner/plan... , http://www.bplans.com/ or http://www.score.org/template_gallery.ht... instructions on how write business plan , sample business plans.

step 2: business assistance , training
take advantage of free training , counseling services, preparing business plan , securing financing, expanding or relocating business. go http://www.score.org/mentors , enter zip code. on next screen, information on nearest score chapter. call them , arrange free meeting volunteer score mentor. guide through process , can meet them many times need.

step 3: choose business location
advice commercial real estate agent , score mentor on how select customer-friendly location , comply zoning laws.

step 4: finance business
find government backed loans, venture capital , research grants started. bank require business plan shows can pay loan. should have credit score of @ least 700. have put 30% of funds no bank going assume of risk. if cannot loan, @ peer peer lending sites such http://www.kickstarter.com/ , http://www.prosper.com/

step 5: determine legal structure of business
decide form of ownership best you: sole proprietorship, partnership, limited liability company (llc), corporation, s corporation, nonprofit or cooperative. if decide become llc, can going state's website , secretary of state section. there find downloadable form. fill out , mail in, filing fee , in week, llc.

step 6: register business name ("doing business as")
register business name state government. go state's website , secretary of state section.

step 7: tax identification number
learn tax identification number you'll need obtain irs , state revenue agency. http://www.irs.gov/businesses/small/article/0,,id=98350,00.html

step 8: register state , local taxes
register state obtain tax identification number, workers' compensation, unemployment , disability insurance.

step 9: obtain business licenses , permits
list of federal, state , local licenses , permits required business. local chamber of commerce , score mentor can help.

step 10: understand employer responsibilities
learn legal steps need take hire employees. http://www.irs.gov/businesses/small/article/0,,id=172179,00.html

step 11: understand environmental, health , safety obligations.
ensure business meets ehs (environmental, health , safety) regulations.
http://www.osha.gov/dcsp/compliance_assistance/quickstarts/index.html

how go opening small business?

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