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… Write your business plan Your business plan is the foundation of your business. Learn how to write a business plan quickly and efficiently with a … of how you'll use your funds. Specify if you need funds to buy equipment or materials, pay salaries, or cover specific …

… Register your business Register your business to make it a distinct legal entity. How and where you need to … work in the state Some states allow you to register online, and some states make you file paper documents in … Register your business to make it a distinct legal entity. How and …

… Fund your business It costs money to start a business. Funding your business is one of the … secure another 10 percent by starting a crowdfunding page online. Many residents are eager to have an auto repair shop … It costs money to start a business. Funding your business is one of the first — and most important — …

… Calculate your startup costs How much money will it take to start your small business? Calculate the startup costs for … into one of three categories: brick-and-mortar businesses, online businesses, and service providers. You’ll face … How much money will it take to start your small business? Calculate the startup costs for your …

… Buy assets and equipment Your business will need special assets and equipment to succeed. Figure out which assets you need, how to pay for … are sold "as is" by auction or negotiated sale either online, in-person, or both. State governments tend to have a …

… Choose your business name You can find the right business name with … the right agencies. Content Register your business name to protect it You’ll want to choose a business name that … could register the domain name techbuddyspringfield.com. You’ll register your domain name through a registrar …

… Buy an existing business or franchise Starting a business … existing business is the level of control you’ll have over your business. Franchising gives you more guidance but less … one business owner (the “franchisor”) sells the rights to their business logo, name, and model to an independent …

… Pick your business location Your business location determines the … zoning laws, and regulations your business will be subject to. You'll need to make a strategic decision about which … licenses and fees. Local zoning ordinances If you buy, rent, build, or plan to work out of a physical property …

… Get federal and state tax ID numbers Your state tax ID and federal tax ID numbers — also known as … is your business’s federal tax ID number. You need it to pay federal taxes, hire employees,  open a bank account, … a Social Security number. John and Kelly apply for an EIN online via the IRS EIN Assistant, free of charge. They …

… Pay taxes Your business will need to meet its federal, state, and local tax obligations to stay in good legal standing. Your business structure and location will influence which … Your business will need to meet its federal, state, and local tax obligations to stay …

… analysis Market research helps you find customers for your business. Competitive analysis helps you make your business unique. Combine them to find a competitive advantage for your small business. … trends, demographics, and household incomes. Check online or start with our  list of market research resources . …

… Develop your export plan It may be easier than you think to expand your market. Even small businesses can reap the … market data and export resources.  Additionally, SBA’s online learning platform includes a “Growing Globally” … It may be easier than you think to expand your market. Even small businesses can reap the advantages of …

… Close or sell your business Create a thorough plan to transfer ownership, sell, or close your business. Get … and taxes. Reference the  IRS Bankruptcy Tax Guide  online for information on debt cancellation, tax procedures, … a thorough plan to transfer ownership, sell, or close your business. Get qualified advice and know what to do to …

… Strengthen your cybersecurity Cyberattacks are a concern for small … banks or card processors to ensure you are using the most trusted tools and anti-fraud services. You may also have … sources. If something seems suspicious from a known source, don’t click on it - ask the source directly if it's …

… Manage your EIDL Learn how to monitor the status of your COVID-19 EIDL, make payments, and request servicing … Learn how to monitor the status of your COVID-19 EIDL, make payments, … Manage your EIDL …

… Expand to new locations Once you’re ready to expand, update the marketing plan and confirm that your business is financially prepared. Then, make sure to … expand your business with franchising. The first way is to buy an existing business or franchise . This option tends to …

… Get more funding If your business is up and running but needs more capital, you … requires slightly different preparation. Content Prepare to request more funding Anyone who gives you funds wants to … your business to get more funding. Choose your funding source Get loans, credit, or crowdfunding Additional funding …

… Stay legally compliant Keep your business compliant with state and federal business laws. … your business and location. Content Internal requirements To stay legally compliant, you’ll need to meet external and … important decisions with your business. Comply before they buy John and Kelly learned about laws and regulations their …