SMBs

4 Steps To Starting A Business

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Executive Summary

This paper explains 4 Steps to Starting a Business that every small business operator should follow: Business structure and name; Business tax responsibilities; Business licenses and permits by business type; Business employer requirements. There are three basic legal forms of structures for small businesses. The most common form is the sole proprietorship. In this form the owner is responsible for the business, and any debt it incurs. It is very important to maintain proper tax records from the start of any small business. This not only helps show if the business is growing and profitable, but helps avoid penalties and fines from the government.

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