Plan for Your Business Success
Anyone can start a new business, but incorporating a business is a process. Not everyone starts their business the right way.
If you’re wondering how to start a new business, you’re in the right place. To start a successful business, you need to start with a plan. Our expert team will help you write a comprehensive business plan that takes all aspects of your business into consideration by helping you answer important questions. Your ability to answer these questions with confidence will set you up for long-term success, especially if you’re planning to seek investment.
There are many questions to address, but key points include the following:
- What is the problem you want to solve?
- Who are you going to solve that problem for?
- How are you going to solve that problem?
- What products or services will you sell as your solution?
- Why is your solution different or better than what your competitors offer?
- How much will it cost to start this business and how will you pay for it?
- How will you grow your business?
The first step for incorporating a business, which is a business plan, will give you a clear idea of how to proceed and what goals to set for yourself. It’s important to spend the right amount of time on this plan. Do not move forward until it’s complete. Click below to get started.
Structure Your Business
There are several ways you can structure your business, but they all provide a different level of legal protection and other benefits. The way you operate the business, the extent to which your personal assets are at risk, and tax implications all vary between these entity types, and the way you structure your business depends on factors such as how many employees you may have and whether or not you plan to seek investment.
Options you can choose from include:
- Sole Proprietorship
- DBA (Doing Business As)
- LLP (Limited Liability Partnership)
- LLC (Limited Liability Company)
- Corporation (C Corp, S Corp, B Corp, Close Corp)
- Nonprofit Corporation
If you’re incorporating a business for the very first time, these options may seem overwhelming and confusing – but just like your business plan, the way you structure your business will depend on your answers to certain questions. Our team of consultants will ask the right questions to ensure you’re incorporating your business by choosing the right entity type. Click below to get started.
Name & Register Your Business
The perfect business name is one people will remember. A great name will not only leave a lasting impression on customers, but will forever be associated with the products and services you offer. A name can be literal and descriptive – like Starbucks Coffee – or abstract like Google. If you’re stuck, let our creative consultants help you choose a business name that’s unforgettable.
Once we choose a name, we’ll guide you through a smooth registration process. Each state has different requirements for registering a business, so it’s important to follow the protocol in your state to avoid any delays or issues. We’ll get your business up and running quickly.
Open Your Corporate Accounts
Once you register your business, it’s time to obtain a federal Employer Identification Number (EIN) from the IRS. You’ll need this number to open corporate bank accounts and credit cards.
For tax purposes, it’s important to keep business and personal expenses separate.
Apply for Your License & Permit
Depending on the type of company you want to start, incorporating a business may require a specific license or permit to comply with local or industry regulations. If you’re not sure where to start, our knowledgeable team can help make sure you submit the right documents to the right place.