Start Up Small Business Articles
We created these start up small business articles because it is essential for you to understand all the aspects that need to be looked into while you start a new business. This is critical in order to get the business up and running quickly and functioning smoothly thereafter.
You’ve got dreams in your eyes and a thousand things on your mind. Business planning, customer acquisition, financial projections. these are but a few of the issues that you’re grappling with. In the midst of all this, the last thing you need is to get bogged down by mindless paperwork and dull regulations. However, the truth is that inadequate attention to such issues have been many a small business’ undoing. You need to take care of all those mandatory requirements in order to turn that dream into reality.
The following start up small business guide will tell you about the procedural and statutory issues that you need to deal with.
Select a structure – You must evaluate the pros and cons of different types of start up business structures before deciding what’s best for you. Since you are planning to start up small business, the most likely choice is between a sole proprietorship and a partnership deal. While these are the easiest to get off the ground, there is a higher element of personal liability.
Incorporate your company – Your start up small business becomes an official entity through the process of incorporation. You may need to decide where you want to incorporate because different states have different laws that may be beneficial or unfavorable. Incidentally, Delaware, Nevada and Florida are three of the most popular states in the United States for their simple laws and low start up costs. These days, incorporation is a relatively simple process and can even be done online. Also, there are a number of specialists who can help you with this.
Open a bank account – Once the official entity is created, open a bank account exclusively for your business. This helps you to separate business and personal finances and facilitates the audit of business accounts.
Finalize accountant services – You will need to maintain detailed accounts throughout the course of your business. While a bookkeeper can help with routine accounting needs, it is advised to use the services of a qualified Certified Public Accountant (CPA) for financial advice and tax planning. Always ensure that you have a grip on the financial health of your business – a regular review of accounts statements is a sound practice. Software programs such as QuickBooks can help ease the process of maintaining accounts.
Get a legal and tax advisor – Business taxation laws are very complex. While starting a small business, you will need to understand the impact of various tax systems on your company. Hire a CPA to help you find the way through such laws. This is of utmost importance as you are obligated to fulfill tax responsibilities. In addition, you will certainly have some legal considerations like copyrights, contracts and agreements. While doing your small business start up, guide yourself through all legal matters with the help of a good legal firm.
Now that you’ve been through our basic start up Small Business Guide, feel free to explore each of the above points further through our other articles below:
Start Up Business Checklist – Have You Covered Everything?
Have too many things to deal with? Our start up small business checklist will help you cover everything.
Writing A Business Plan – The Smart Way!
Writing A Business Plan is hard work. These tricks will make it much easier.
Start Up Business Plan – Write It The Easy Way
Your Start Up Business Plan should be crisp, hard hitting and get you results. Read on to know how.
Start Up Mistakes – Tripping over the Obvious
Four out of five new businesses fail. These are the start up mistakes that many made. Don’t repeat them.
Start Up Consultant – Do You Actually Need One?
Using a start up consultant will cost money but may actually save your business costs in the long run. Read this article to decide if you need one.
Small Business Start Up Help – 10 Easy Steps
Small Business Start Up Help is something every entrepreneur needs. here are ten easy ways to get it.
Start Up Strategy:
Small Business Start Up Capital – How Much Do You Really Need?
Raising too much or too little small business start up capital could quickly cause you to fail. Make sure you know exactly how much you need before starting to raise some.
How To Start Business Operations – A Ten Point Checklist
As a budding entrepreneur you’d like to know How To Start Business operations. 10 simple points show you how!
Business Info Small Start Up Needs To Know
The Business Info Small Start Up needs to keep track of is quite extensive. Use this check list to make sure you’ve covered all bases.
Branding Your Business – Finding The Right Image
Branding Your Business is one of the most important ways to get and retain your customers when competitors can match your price and quality. Read the secrets of branding here.
Start Up Alternatives:
How to Buy a Business – Getting The Best Deal
Buying a business could be a good alternative to starting a new one. Read here how to get a good deal.
Inheriting a Business – Stepping into Dad’s Shoes?
Inheriting a business can put a great deal of pressure on a successor. Read this article to find out how to manage this effectively.
New Business Structures:
Legal Structures – Which one is right for your new business?
Choosing among the possible legal structures for your start up business is one of the most important decisions you will have to make. This article will help you decide.
The Right Form of Business – What Five Factors Should You Consider?
The ideal structure for your new business depends on these five factors. Read what they are here.
Sole Propietorship – A Story You Can Learn From
The story of a smart entrepreneur who successfully ran a sole propietorship. What did Sophie do that you can learn from?
Business Partnership – When to say ‘I Do’
A business partnership can fail for all the wrong reasons. Run through this check list to ensure yours does not.
Start Up Finance:
Business Start Up Grants – Free Money?
Getting Business Start Up Grants is not as easy as it seems. Read the secrets here to discover how you can get free money!
Business Loan Finance – Get Funded The Smart Way
Look at a business loan finance option to fund your business. It is cheaper than using a credit card if you do not need much money. This article tells you how to get a low cost loan easily.
Raising Venture Capital – How To Get Those Investors
Do you have ambitious business plans with little personal funds? You need to look at raising venture capital. Understand the tricks of getting those tough investors to fund you.
Private Equity Finance – Understand How These Investors Think
If you are looking for private equity finance for your business, it is important to understand what makes Private Equity firms tick. This will help you get the best deals easily. Read on here.
New Business Location:
Locating Your Business – Be Seen In The Right Places!
Locating your business could be one of the most important decisions you make especially if you are selling directly to consumers. This article will tell you about your options.
Store Location – Are You Setting Up Shop in The Right Place?
Learning how the top retailers analyse their new Store Location will give you ideas on where to place your shop.
New Business Ideas:
Best Start Up Small Business – Does It Exist?
What is the best start up small business you can have? Read the surprising answer here.
Event Planning Business – Eventual Success?
The Event Planning Business is high pressure and exciting. Read here to discover how to make it highly profitable as well.
Start A Computer Repair Business Successfully
Do You Want To Start A Computer Repair Business? Read these simple tips to ensure it grows successfully.