2024 is YOUR Year!
Starting a new small business is much easier than you think! Follow the 3 easy steps below to get up and running.
Who Are We?
Our goal is to provide free guidance and resources to help you start your new business today.
The fear of opening one’s own business is multifaceted, with several factors contributing to apprehension. Firstly, the financial risk is a significant concern, as entrepreneurs often invest their savings and face uncertainty about returns. Fear of failure is pervasive, heightened by the social stigma attached to business setbacks. Additionally, the complexities of navigating legal requirements, market competition, and the overall business landscape can be overwhelming. Despite these fears, the rewards for those who overcome these challenges are often immense. Entrepreneurship provides a platform for personal and professional growth, allowing individuals to hone various skills, from decision-making to problem-solving. The satisfaction of building something from the ground up, the autonomy to shape one’s destiny, and the potential for financial success are powerful motivators that make the journey rewarding for those who embark on the entrepreneurial path. Ultimately, the sense of accomplishment and fulfillment derived from owning and running a successful business can outweigh the initial fears and uncertainties
Start Your New Business in 3 Easy Steps
Create Your Business Entity
After deciding on your business idea, do research to determine the most appropriate business structure and then register your entity with your respective Secretary of State Office. Initial registrations vary, but typically range between $50 and $200. See our Business Entity section above for more details on the characteristics of each entity type.
Get a Federal EIN
A Federal Employer Identification Number (EIN) is a unique nine-digit identifier assigned by the Internal Revenue Service (IRS) to businesses operating in the United States. Think of it as a social security number for your business. This numerical code is used to identify and track a business entity’s tax obligations, allowing the IRS to differentiate between various businesses for tax purposes.
Every business, regardless of size or structure, needs an EIN for items such as tax reporting, opening a bank account and applying for business credit. Click here to visit the official irs.gov website.
Open a Bank Account
Once your entity has been created and is established, it is then time to open a bank account to receive revenue and pay expenses. Choosing the right business checking account is a crucial decision for any business, as it directly impacts day-to-day financial operations. Click here to see some popular options.