Collins-Admin Services

Starting a business is a liberating experience.  No longer do you have to answer to a boss because you are your own boss.  No longer do you have to punch a clock to make sure you get paid for the time you are there.  However, starting a business is also very tedious and can be very time consuming.  You need to get your ducks in a row before even opening your doors, so here are a few pointers to get you started:

• Research-you need to research all your local, state, and federal laws regarding business ownership as well as home based business.

• Taxes-You need to research the tax rules locally, state, and federal.

• Business name-think of a business name that you like, tells what you do, and is easy to remember.  Some areas have what they call fictitious name requirements.  Should you choose to use a fictitious name, you may be required to register your business name.

• Business plan-Once you have done your research, learned about tax issues and come up with a business name, next you need to work on a business plan. It doesn’t have to be anything fancy just putting all your ideas, goals, and thoughts down on paper.

You can find samples and information at the following websites:

www.sba.gov
www.score.org
www.irs.gov


Disclaimer: Collins-Admin Services and its employees are not lawyers nor accountants and we do not claim to be.  The advice that is given is to be used at your sole discretion and at your own risk and we are not liable for any information that is misused or misunderstood.