Read part 1 here.
Today the process for starting a new business should include planning, making key financial decisions and completing the necessary series of legal activities. To assist new investors, operators and entrepreneurs, the U.S. Small Business Administration (SBA) put together a online list of 10 steps to plan, prepare and manage a new business.
The SBA’s next five steps to starting a business — including links to specific online resources for each step — are:
This step lets a new owner know how to register a business name with his or her state government.
Step 7: Get a tax identification number
Don’t forget the taxes. Here, learn which tax identification number your car care business will need to obtain from the IRS and a state revenue agency.
New business owners must register with the state to obtain a tax identification number as well as workers’ compensation, unemployment and disability insurance.
Listed here are federal, state and local licenses and permits required for a startup business.
Follow the legal steps an operator needs to take to begin hiring wash employees.