Skip to main content

Follow my simple steps of starting a good business

Starting a business involves planning, making key financial decisions and completing a series of legal activities. These 10 easy steps can help you plan, prepare and manage your business. Click on the links to learn more.

Step 1: Write a Business Plan
Use these tools and resources to create a business plan. This written guide will help you map out how you will start and run your business successfully.

Step 2: Get Business Assistance and Training
Take advantage of free training and counseling services, from preparing a business plan and securing financing, to expanding or relocating a business.

Step 3: Choose a Business Location
Get advice on how to select a customer-friendly location and comply with zoning laws.

Step 4: Finance Your Business
Find government backed loans, venture capital and research grants to help you get started.

Step 5: Determine the Legal Structure of Your Business
Decide which form of ownership is best for you: sole proprietorship, partnership, Limited Liability Company (LLC), corporation, S corporation, nonprofit or cooperative.

Step 6: Register a Business Name ("Doing Business As")
Register your business name with your state government.

Learn which tax identification number you'll need to obtain from the IRS and your state revenue agency.

Step 7: Register for State and Local Taxes
Register with your state to obtain a tax identification number, workers' compensation, unemployment and disability insurance.

Step 8: Obtain Business Licenses and Permits
Get a list of federal, state and local licenses and permits required for your business.

Step 9: Understand Employer Responsibilities
Learn the legal steps you need to take to hire employees.

Step 10: Find Local Assistance
Contact your local SBA office to learn more about how SBA can help.

Startup Resources
There are a number of available programs to assist startups, micro businesses, and underserved or disadvantaged groups. The following resources provide information to help specialized audiences start their own businesses.

Comments

Popular posts from this blog

The origin Of Agbor

Agbor is one of the oldest vibrant towns in Nigeria, but may have been disadvantaged and eclipsed over the years by the world famous city of Benin, which is only 40 miles away and Asaba, two major towns in between which it is located, as they served as terminuses for east-bound ferry travellers. So much was not recorded about Agbor. The History of Agbor Kingdom like those of other African ancient kingdoms, empires and peoples, is based largely on oral tradition. Various oral accounts on the origin of Agbor and Ika people exist but the most credible being that “Ogunagbon” and his followers, who founded Agbor, came from Benin and first settled in “Ominije”, presently located in today’s Agbor-Nta. Following what can best be described as personal crisis between two princes in Benin and subsequent settlement of this dispute as agreed to by the chiefs and elders of Benin determined by casting of lot, led to one of the princes settling in what became known as ...

BENIN CUSTOMARY LAW OF SUCCESSION 

Written by Efe Sophia Osamuede (Mrs)      A BRIEF HISTORY OF THE ADVENT OF IGIOGBE SUCCESSION The Binis, an ethnic tribe in Nigeria are a people with uniquely rich culture and traditional heritage they occupy the south Midwestern part of the country, now known as Edo state. They were nicked- name “Ubini” by the Yorubas who played a domineering role in the kingdom during their crisis period which occurred after the exit of the Ogiso’s dynasty; especially as it relates to Eweka I, the first Oba of Benin kingdom. “ubin” was later corrupted to Bini, by which the people are still called today . Otherwise, the people recognize themselves as the Edo People. The Bini’s were renamed Edo people from the time of Oba Ewuare the Great. History has it that, the people and their language was re- named Edo as a result of a boy called Edo who was killed in the process of sparing prince Ogun’s life in his struggle of taking his rightful po...

Talking Musical Instruments Of Edo Culture

Talking Musical Instruments lie in the tonal quality of most languages, in the fact that the instrument reproduces the tones, stresses and numbers of syllables in the various utterances. Talking instruments do not use a kind of morse system and the talk has often attracted the attention of visitors and observers. Edo talking musical instruments give performers and listeners the opportunity to express and experience a variety of emotions. Some of which are hostility, excitement, psychological relief and to increase dramatic tension at points of climax, but their blasts also express the excitement of the adversaries and hostility. It was said that the functions of music concern the reasons for its employment and particularly the broader purpose which it serves and among the several functions are those of emotional expression, entertainment, communication, symbolic representation, enforcing conformity to social norms, validation of social institution and religious rites. The general p...