Tips To Set Up Shop!

Photo by Anna Tarazevich from Pexels

Are you excited and ready to open for business?? I hope so. Here is a short list of items that you want to make sure are in place before you put that sign on the door:

Create a business idea & test it out - This is to make sure that you have a business that will make money and not a hobby.

Create a business plan - This is to make sure you have a clear vision of where you would like to go with your business and to attract investers if needed.

Create a seed money fund - This is to make sure you don’t starve during those early days of running your business.

Create Your Business Name - Do you have a cool name in mind for your business or are you stumped? No worries. Check out Business Name Generator to help to get those creative juices flowing. Once you have your new business name double check to make sure it is not in use on Nolo.com.

Set up your legal entity - Are you going to operate as a soleproprietor, LLC, S-Corp, Corp or LLC taxed as an S-Corp? If you are not sure which one to choose then check out Nolo.com to do some research. They also have information about how to start a business in every state here. To get everything set up check out Legal Zoom for tools and resources.

Keep it Sunny!