5 Things Not to Skip Starting a New Business
Your Business Startup Checklist
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Registering your business puts your information into the government system. This allows you to operate under a "fictitious name" (or business name). Register your business here in Arizona. This doesn't give you copyright and as you expand, you will eventually have to register the name in all 50 states and internationally.
1. Registering your business with the state.
2. Licenses
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Most businesses will only need an occupational license, but some require extra permits. In addition, you may need a liquor license, photography license, medical license. Make sure that whatever business you go into, your licenses are covered. If you don't have proper licenses, the government could fine you, shut you down, or worse.
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Where to apply for licenses?
3. Permits and Inspections
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Common permits and inspections you'll want to double check are occupancy permits, zoning permits, fire inspections, health inspections, etc. All are an essential part of protecting your business and your customers.
4. Keeping Records
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Lots of new businesses lack organization. Keeping track of expenses, paychecks, profits. Throwing every receipt into an envelope for tax season will potentially damage your business if you don't have a clear understanding of your numbers. Even if you handle it yourself, a solid business needs a solid bookkeeper.
5. Paying Taxes
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Lots of new businesses lack organization. Keeping track of expenses, paychecks, profits. Throwing every receipt into an envelope for tax season will potentially damage your business if you don't have a clear understanding of your numbers. Even if you handle it yourself, a solid business needs a solid bookkeeper.