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How can I start my business in the US?

The Small Business Administration (SBA) created a 10-step checklist to start your business: 

  1. Conduct market research

    1. Find a competitive advantage, gather information on potential customers and businesses.  

  2. Write your business plan

    1. This is the foundation for how to run, grow, and structure your business. 

  3. Fund your business

    1. Decide to raise or borrow capital. 

  4. Pick your business location

    1. Whether it is an online market or a brick-and-mortar, this step is one of the most important ones as this choice could affect taxes, legal requirements, and revenue. 

  5. Choose a business structure

    1. This legal structure will impact your business’s registration requirements, personal liability, as well as the amount you pay in taxes. 

  6. Choose your business name

    1. Make sure your name is not in use already before signing your business up. 

  7. Register your business

    1. Make your business legal and protect your brand. If doing business with a name other than your own, register with federal and state government also. 

  8. Get federal and state tax IDs

    1. Use your EIN to pay taxes and open bank accounts. Check with the state you build your business to see if they require a tax ID 

  9. Apply for license and permits

    1. Stay legally compliant; licenses and permits vary depending on your industry, state, location, among other considerable factors. 

  10. Open a business bank account

    1. Some say this is the hardest step as most of the time you have to physically go to the bank to do it. That is why it is important to make sure you have all your documents beforehand and ready to go.

More information can be found here: https://www.sba.gov/business-guide/10-steps-start-your-business/


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