Pocket Guide to Starting a Small Business: The simple guide to turing your vision into a reality by Lydia High

Author:Lydia High [High, Lydia]
Language: eng
Format: epub
Published: 2020-09-13T00:00:00+00:00

Make it Official

“The way to get started is to quit talking and begin doing.”

Walt Disney

Get all of the legal aspects out of the way early. That way, you don't have to worry about someone taking your big idea, screwing you over in a partnership or suing you for something you never saw coming. Mayo Angelou said and I quote “Do the best you can until you know better. Then when you know better, do better.” A quick checklist of things to take care first include:

Business structure (LLC, Corporation or a Partnership, Non Profit.)

Business name

Register your business

Federal tax ID

State tax ID

Permits (Examples include the sale or manufacture of alcohol or firearms, commercial fishing and wildlife-related activities.)

License

Necessary bank account

Trademarks, copyrights or patents

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