The U.S. Small Business Administration (SBA) offers 10 steps to starting a business.
- Write a Business Plan
See the Introduction tab for information and resources on writing a business plan.
- Get Business Assistance & Training
Take advantage of free counseling and education services. Check with local SCORE chapters, public libraries and chambers of commerce for learning opportunities.
- Choose a Business Location
Market and industry analysis and zoning requirements are just 2 things to consider when choosing a business location.
- Finance Your Business
Loans, venture capital and other funding sources should be considered.
- Determine the Legal Structure for Your Business
Sole proprietorship, partnership, Limited Liability Company (LLC), corporation, S corporation, nonprofit or cooperative: which is the best for your business.
- Register the Business Name - "Doing Business As (DBA)"
Register the business name with state government agencies.
Obtain a tax identification number from the IRS.
- Register for State and Local Taxes
Register with your state to obtain a tax identification number, workers' compensation, unemployment and disability insurance.
- Obtain Business Licenses and Permits
Determine from your local and state government whice licenses and permits are needed to run the business.
- Understand Legal Requirements
Determine legal steps and requirements in hiring employees.
- Find Local Assistance
Talk to the local SBA office about other resources or information needed for your business.