If you're considering going into business for yourself, there are a number of questions and issues to carefully weigh:
Additionally, you're probably wondering how much it will cost you to get started. Check out Start-up Activities and Costs to develop an initial budget for getting started. Your next activity will be developing a business plan. This plan will help you develop a strategy for a successful launch as well as help you define your market, potential customers and longer-term financing needs.
Throughout this site, we have listed resources for a representative sampling of states: California, Illinois and Massachusetts. Most other states maintain their own web sites outlining appropriate information for starting a business in that state. Please refer to the web sites of those states for further information specific to that state.
Some of your other start-up activities include having to decide on a legal form of ownership for your company and select and register a business name. Depending on the legal form you choose, you may also need to register your company with the state. There are also a number of local, state, and federal business requirements you will need to meet.
If you will employ people, you will need to complete some federal employment filing requirements with the IRS and your state. You will also have to pay payroll taxes to your state. Further, you may need to apply for a Business License with local city office.
Also included on this site is information on protecting your company's assets by obtaining and registering trademarks and service marks.
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