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Choose a business structure | U. S. Small Business Administration The business structure you choose influences everything from day-to-day operations, to taxes and how much of your personal assets are at risk You should choose a business structure that gives you the right balance of legal protections and benefits
Open a business bank account - Small Business Administration Benefits of business bank accounts As soon as you start accepting or spending money as your business, you should open a business bank account Common business accounts include a checking account, savings account, credit card account, and a merchant services account Merchant services accounts allow you to accept credit and debit card transactions from your customers
Business Guide | U. S. Small Business Administration Plan your business You've got a great idea Now, make a plan to turn it into a great business Market research and competitive analysis Write your business plan Calculate your startup costs Establish business credit Fund your business Buy an existing business or franchise
8 (a) Business Development program - Small Business Administration The 8 (a) certification qualifies your business as eligible to compete for the program’s sole-source and competitive set-aside contracts The government authorizes sole-source contracts to 8 (a) participants for up to $7 million for acquisitions assigned manufacturing North American Industry Classification System (NAICS) codes and $4 5
Pick your business location | U. S. Small Business Administration John and Kelly find out that the down payment and closing costs of the building add up to more than they budgeted for their business location But the state offers loans specifically for small businesses John and Kelly’s auto repair shop also qualifies for tax incentives because it’s located in an underutilized area