HOW TO START A SMALL BUSINESS

HOW TO START A SMALL BUSINESS

Choose your business name
It’s not easy to pick the perfect name. You’ll want one that reflects your brand and captures your spirit. You’ll also want to make sure your business name isn’t already being used by someone else.

Learn more about choosing a business name
Register your business
Once you’ve picked the perfect business name, it’s time to make it legal and protect your brand. If you’re doing business under a name different than your own, you’ll need to register with the federal government, and maybe your state government, too.

Learn more about registering your business
Get federal and state tax IDs
You’ll use your employer identification number (EIN) for important steps to start and grow your business, like opening a bank account and paying taxes. It’s like a social security number for your business. Some — but not all — states require you to get a tax ID as well.

Learn more about getting tax IDs
Apply for licenses and permits
Keep your business running smoothly by staying legally compliant. The licenses and permits you need for your business will vary by industry, state, location, and other factors.

Learn more about licenses and permits
Open a business bank account
A small business checking account can help you handle legal, tax, and day-to-day issues. The good news is it’s easy to set one up if you have the right registrations and paperwork ready.

Learn more about opening a business bank account
Now: Open shop
Congratulations! It’s time to cut the big ribbon. Your business is officially open. Now, focus on managing and growing your business.

Michael Otieno

A writer based in KENYA Enjoy my contents

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