I an attempting to create an online Super Store that would utilize such
suppliers that are already established in the area of liquidating. I am not
very certain as to how to go about securing a building or warehouse, acquire
the proper resales papers, or to continue to develop the already created
website.

Nancy the best place to start is your current insurance agent. If they dont
do small busineses. Ask them for a referral to someone who does. They will be
more than happy to walk you thru the "what ifs". They will also get all the
necessary information and applictions completed. Good Luck!!!

It has been my experience to hire professionals to do these jobs. You should
hire 3 A's. Accountant, Attorney, and Financial Adviser. These guys will be
able to answer all of your questions correctly. I personally believe that a
business plan is more of a guideline than something you have to stick to. It
does help in giving and reminding you of your direction. But don't be afraid
to make one, you can always adjust things as you move along.

  This blog provides information on sole proprietorships. As Leo mentioned, you should speak to a professional in the insurance industry to address your insurance questions. It's a good idea to create a business plan to create a roadmap for business success. It's a  living document generally projects 3-5 years ahead and outlines the route a company intends to take to grow revenues. Our business plan tool provides you with a step-by-step guide to help you get started.

Re: insurance. The best advice you'll get here is from an insurance broker that specializes in business liability insurance. They only get paid when you sign up for a plan, so don't worry about the cost of using one. Just find one (possibly your local Chamber website or ask friends in business) and make sure you trust them. The policy will be largely based on your estimated revenue, so it shouldn't be unreasonably expensive. Re: business plan. Although you don't necessarily need to create a formal business plan, it is smart to go ahead and answer all the questions that a business plan would ask. For example, you need to know what your sunk, fixed, and variable costs are, so you can make sure the prices you set and the revenue you expect will be high enough to make the venture profitable before you run out of cash. You should also do some research on your competitors- pricing, value proposition, why you think your business is better. You also should evaluate the threat of another person or chain opening up in your area- how will you protect your customer base if this happens. If you don't do a formal business plan, I suggest at least putting together a business budget (we have a pretty simply how to on this with a template you can download), running a SWOT analysis and/or a Porter's 5 forces analysis. On a side note, if you think there is some liability risk here, you should probably consider creating an LLC (limited liability company) for your business. It will create a legal separation between your personal assets and your business assets, so if something happens with your business, you will have some additional protection against your personal assets being at risk. Also, since you would be a single member LLC, your tax filing would be the same as a sole proprietorship. Forming an LLC is pretty cheap (varies by state, but registration costs are not usually more than $200-$300 at most), and you can do it yourself or even use LegalZoom or RocketLawyer for some cheap support to make sure you do it correctly. Hope this helps.       This post was edited to remove a link. Please review our Community Best Practices for more information about how best to participate in our online discussions. Thank you.