Before You Begin. When starting a new business, there are many important decisions to make and many rules and procedures that must be addressed. While there is no single source for all filing requirements, the following steps have been developed to assist you in starting your business. Here are a few tips on on how to start new business:

1. Preparation. Starting a successful business requires a great deal of preparation.

2. Planning. It helps to begin with a plan. A business plan is a blueprint of every aspect of your business. Sales, marketing, advertising, promotion and location are just some of the aspects of creating a plan.

3. Select Your Business Name. Choose a business name. A sole proprietor may conduct business under their own name. When you are ready to select a business name or assumed business name for your business, check for name availability.

4. Choose a business structure. Select a business entity type from the following list for a brief overview of the principal types of legal business structures. A legal representative and accountant should be consulted before making a determination as to the type of business entity to form.

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