Are you considering going into business? Do you want to increase your chances of success? Then here are ten tips to help you do just that:
1. Write a business plan.
2. Register a Fictitious Name for the business if you are not using your own.
3. Get a Business License.
4. Get a retail Sales Tax Number from you State Board of Equalization
5. Get State and IRS Tax ID Numbers unless you will be a sole proprietor.
6. Get the forms to file and pay quarterly taxes on time.
7. Open a business bank account.
8. Get the right insurance coverage for your business.
9. Have an attorney draw up the appropriate company organization paperwork.
10. From the beginning learn to keep the proper accounting records.