Starting Your New Business

Key Steps To Starting Your New Business:

• Pick a corporation name. If you are purchasing a franchise, you will trade under the franchise name.
• Research the availability of the URL with a .com address. Purchase the website to initially launch your business.
• Get EIN # from IRS website https://www.irs.gov/businesses/small-businesses-self-employed/how-to-apply-for-an-ein
• Consider professional guidance from attorney and/accountant to register your corporate on your state’s SOS website
• Only list partners with good personal credit (700+ FICO score)
• Select a local credit union or community bank and open a business account with no minimum monthly fees and open business debit or credit card
• Separate business and personal expenses. Business expenses include cell phones, internet, vehicle, business related travel such as attending Franchise Expo South