Deciding to start a business can be an exciting but overwhelming journey which involves planning and making key financial and personal decisions. Here are areas to cover going forward with a business.
A Timeline for Opening a Business The amount of time it takes to open a business depends on the nature of your business idea. Assuming you are starting from scratch and you want your business to be as comprehensive as possible, you should begin planning your business at least 12 months from your anticipated start date. This will allow ample time to research your business idea, obtain permits and licenses and organize the legal structure of your business.
Speak to an accountant. Decide whether you are going to hire an accountant, bookkeeper or do yourself.
Choose your Business name
Register with the Wisconsin Department of Revenue for state tax and/or sales tax filings. This is a one-stop shop for other State registration, including WDFI.
Contact the municipality of your business in regards to laws, regulations, and permits pertaining to your business.
Choose your location and equipment for your business. LOCATION, LOCATION, LOCATION……
How will you finance this business? What are your Start-up Expenses*?
Get business and liability insurance.
For a more in depth look at starting a business on start-up decisions and choices, this may be of help. Start Right-Think Ahead
*Templates courtesy of SCORE.org