Search results
Results From The WOW.Com Content Network
As soon as you start accepting or spending money as your business, you should open a business bank account. Common business accounts include a checking account, savings account, credit card account, and a merchant services account.
Turn your business into a reality. Register, file, and start doing business. Pick your business location. Choose a business structure. Choose your business name. Register your business. Get federal and state tax ID numbers. Apply for licenses and permits. Open a business bank account.
Business activities regulated by a federal agency will need a federal license or permit. Check to see if any of your business activities are listed here. If they are, then check with the right federal agency to see how to apply.
Get business insurance. Business insurance protects you from the unexpected costs of running a business. Accidents, natural disasters, and lawsuits could run you out of business. Protect yourself with the right insurance.
Your business structure affects how much you pay in taxes, your ability to raise money, the paperwork you need to file, and your personal liability. You'll need to choose a business structure before you register your business with the state.
Get $500 to $5.5 million to fund your business. Loans guaranteed by SBA range from small to large and can be used for most business purposes, including long-term fixed assets and operating capital. Some loan programs set restrictions on how you can use the funds, so check with an SBA-approved lender when requesting a loan.
Your Employer Identification Number (EIN) is your federal tax ID. You need it to pay federal taxes, hire employees, open a bank account, and apply for business licenses and permits. It's free to apply for an EIN, and you should do it right after you register your business.
Establishing and managing business credit can help your company secure financing when you need it and with better terms. It can also help you negotiate supply agreements and protect against business identity theft.
Your location and business structure determine how you’ll need to register your business. Determine those factors first, and registration becomes very straightforward. For most small businesses, registering your business is as simple as registering your business name with state and local governments.
Access the MySBA Loan Portal for Small Business Administration lending services and manage your business profile.