what do i do when starting,my own business,do i get lic.from the state i'm in. insurance.etc give some advice,

Question

iwant tostart myown buisness,helpme get strated ,insurance,licensed in the state ,everything i need to get going,i'm scared this is my frist i don't want to fail!

Answer 1

The best routes to take are to research the process of starting a business as well as the industry you're interested in.

I recommend checking out the SBA, Entrepreneur, The Start Up Journal & Nolo. All 4 are great informational resources for the new/small business owner. I posted links for you in the source box.

Research, research, research – this cannot be stressed enough. Read as much as you can. Here are some book titles that are relevant:

* How to Really Start Your Own Business, Fourth Edition by David E. Gumpert
* How to Really Create a Successful Business Plan: Step-by-Step Guide by David E. Gumpert
* What No One Ever Tells You about Starting Your Own Business: Real-Life Start-Up Advice from 101 Successful Entrepreneurs (What No One Ever Tells You About Starting Your Own Business) by Jan Norman
* Business Start-Up Kit by Steven D. Strauss
* Start Your Own Business (Entrepreneur Magazine's Start Up) by Rieva Lesonsky

There are plenty of free informational resources out there. Check the source box for links to articles.

Hope that helps! I wish you much success & happiness in all your ventures!

Answer 2

First, look up business license for the city/state in which you live. It is typically in the city center. You will go there and fill out an application, and pay a small fee. Then you will need to advertise in some local paper that you are now doing business as.... whatever the name is. The folks at the business license place will give you a list.

Depending on what type of business you are going into you will need a seller's permit, or resale license.

As far as insurance is concerned, you will need some type of insurance if your business is located outside of your home, and if you have employees. There are all sorts of tax rules with employees.

If you are the only employee, keep good records of what you buy and sell because if you sell a product you will need to pay sales and use taxes each year.

Good luck. There should be a SBA (small business association) in your area. They are a wealth of good information.