Small Business Reading Room

Thursday, May 28, 2009

Starting a Business? 10 Steps to help you plan

So you have an idea for a great business, now what?

Starting a business involves making key financial decisions and completing a series of legal activities. The below guidelines, courtesy of, provides information to help you plan, prepare, and manage your business.

Step 1:
Research and Plan Your Business
Use these tools and resources to help you prepare your business plan and become a successful business owner.

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

Step 3:
Choose a Business Location
Get advice about choosing a customer-friendly location and complying 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 whether you are going to form a sole proprietorship, partnership, LLC, corporation, non-profit or cooperative.

Step 6:
Register Your Business (Incorporate, Organize, or obtain a DBA "Doing Business As")
Register your business name with your state government.

Step 7:
Get a Tax Identification Number
Learn which tax identification number you'll need to obtain from the IRS and your state revenue agency.

Step 8:
Register for State and Local Taxes
Register with your state to obtain a tax identification number, workers' compensation, unemployment and disability insurance.

Step 9:
Obtain Business Licenses and Permits
Get a list of federal, state and local licenses and permits required for your business.

Step 10:
Employer Responsibilities
Learn the legal steps you need to take to hire employees.

As if that isn't helpful enough:

Startup Resources
These guides provide startup information relevant to specific types of business owners.

Environmentally-Friendly "Green" Business
Home-Based Business
Self Employment
Minority Owned Business
Veteran Owned Business
Woman Owned Business

Save money by furnishing your business with government surplus.



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Delaware Intercorp, Inc.
113 Barksdale Professional center
Newark, DE 19711-3258

"For all the best reasons to incorporate,the best place
is Delaware and the best incorporator is
Delaware Intercorp!"

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