Small business consultants often have the same, unglamorous but practical, answer of "get your own finances in order." You can easily and affordably start your business by using our incorporation services. We can help you form your LLC, obtain your tax ID number (EIN) and designate a registered agent, but it is up to you to manage your finances. Your personal credit may matter if you are intending to apply for small business loans, business credit cards, commercial lease space, or investment funding.
In addition to forming a legal business entity, here are a few more actions to consider when starting a business:
Even if you are not required by your state to have an Operating Agreement, it is a good idea to have both an Operating Agreement and a Business Plan. While most businesses start with an idea. An idea cannot run your business. A well-thought-out Operating Agreement can help you prepare for difficult situations, and a solid Business Plan can help you outline the strategic vision for your company's growth and success.
An Executive Summary is often included in your Business Plan. It is your "elevator speech" or "pitch" that quickly and clearly describes your business. It should be well-thought-out and tested. And, like your Business Plan, you can change it when needed. Your entire team should fully understand what the Executive Summary is and they should be able to communicate it to others, such as potential investors or customers, easily.