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also how do i start it ? legle stuff?
and what should be my main thing that i sell ?
also is it hard to start a companny?

2006-07-13 10:18:40 · 4 answers · asked by 123456 1 in Business & Finance Corporations

( few days after i posted question) thanks soo much guys for your good answers i dont know which one is the best now lol
anyways thanks

2006-07-14 10:23:40 · update #1

4 answers

Don't hire a lawyer and pay them thousands to file.

All you have to do besides the business outline the person entered above:
Go to your local state website and download:
Articles of Incorporation Application and Instructions.

This is less complicated then a job application. I have experienced $70 fees, but I don't know about your state.

Then, go to your local county tax collector with your proof of incorporation and DL and get a county tax certificate (or license). Post this and your articles in the wall of your office.

Then, call the IRS. Tell them you need an EIN (Employer Identification Number). They will give you one over the phone.

Then, consult a business attorney about any special laws or governing bodies in regards to your industry. You can usually get this in a free consultation where they try to talk you into spending 2k to file the articles of incorporation.

Register with any necessary state or federal regulatory commissions. For example, Doctors register with DEA and Department of Health. Political entities register with the state, etc.

2006-07-13 12:59:10 · answer #1 · answered by abehagenston 2 · 0 0

I disagree with the answer above - the first thing is business plan, business plan, business plan. Run, don't walk, to your nearest SBA (United States Small Business Administration) office for help in preparing one. You need to write down a well-thought out plan that includes, among other things:

1. A clear definition of your product or service. This should be carefully researched so that you know whether or not you have a market.

2. A marketing plan - in other words, who are you going to sell your product or service to, and how? How will your sales cycle work?

3. A financial plan - what budget do you need to get started, and where is the money going to come from?

4. A logistics/operations plan - What is your product or service delivery plan, what facilities will you need to carry out your deliveries, and and what suppliers, employees, contractors or other contacts will you need to complete the sales cycle on a timely basis?

It is very premature to address the "legal stuff" before you define exactly what the business is and figure out if you can run it profitably by writing your business plan. The SBA offers free classes to help you do this, and also has a lot of sample business plans and consultants and other resources for reference. So go do your homework first, and good luck!

p.s. - also disregard the abehagenston "legal" answer below. That approach will give you nothing but a defective sham corporation on paper that will collapse under a veil-piercing attack, so in short you would go to all that effort for a completely false sense of security. I agree that you don't need to pay thousands to a lawyer, but there is a lot more than that to forming a valid corporation that will actually hold up in court.

2006-07-13 17:34:57 · answer #2 · answered by Fogjazz49-Retired 6 · 0 0

You need to decide what it is that you are good at. If you do not love what you will be doing, it will be very hard to start a business. For more information, visit the Small Business Administration website:

http://www.sba.gov

There is a lot of information about how to start a business, legal stuff, etc.

Good Luck!

2006-07-13 17:35:48 · answer #3 · answered by ps2754 5 · 0 0

it is very hard! I looked into this a few years ago and I decided not to go ahead with it.Actually the huge thing is Location Location Location.

2006-07-13 17:22:55 · answer #4 · answered by lisa_loves_friends 2 · 0 0

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