10 Steps to Starting a Business and Savings and Investments INSTRUCTIONS: You were given a list: 10 STEPS TO OPEN A BUSINESS. 1. It’s a roadmap for how to structure, run, and grow your new business. 2. You want to make sure your business name isn’t already being used by someone else. 3. This 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. 4. It’s like a social security number for your business. You’ll use your employer identification number (EIN) for important steps to start and grow your business.
5. This is one of the most important decisions you’ll make. You want your customers to be able to not only find your business but feel safe. 6. This will tell you if there’s an opportunity to turn your idea into a successful business. 7. Choosing this for your business will impact your business registration requirements, how much you pay in taxes, and your personal liability. 8. Your business plan will help you figure out how much money you’ll need to start your business. If you don’t have that amount on hand, you’ll need to either raise or borrow the capital. Fortunately, there are more ways than ever to find the capital you need 9. To keep your business running smoothly by staying legally compliant, licenses and permits are needed for your business. This will vary by industry, state, location, and other factors. 10. Once you’ve picked the perfect business name, it’s time to make it legal and protect your brand. You will register with the federal government, and maybe your state government this also need to be label thru 1-10