Presentation is loading. Please wait.

Presentation is loading. Please wait.

9 Easy Steps to Start Your Business Mr. Hayes. Getting Started This presentation will give you the necessary information in starting a real company. Of.

Similar presentations


Presentation on theme: "9 Easy Steps to Start Your Business Mr. Hayes. Getting Started This presentation will give you the necessary information in starting a real company. Of."— Presentation transcript:

1 9 Easy Steps to Start Your Business Mr. Hayes

2 Getting Started This presentation will give you the necessary information in starting a real company. Of course, this is a simplified journey, but one you really can do to legitimize your business idea. Even if you have no products or a business location, you can still do these steps and establish your business right away. For class, all steps are optional, but can be helpful in impressing the judges.

3 9 Easy Steps to Start Your Business Decide on a name and search for it on the county website Once found, do not register the FBN. Find the domain name through GoDaddy.com Go back to the county and register for the FBN Find a Newspaper and Publish the Name If needed, get a Sellers Permit from the State Obtain a business license from your city Get a EIN from the IRS. Open two business bank accounts

4 The County Website Go to your countys website to search for your name. For San Diego County try: diego.ca.us/arcc/services/fbn/search.aspxhttp://arcc.co.san- diego.ca.us/arcc/services/fbn/search.aspx Enter your future business name into the Business Name search field. A list of all names should come up. If you see it, you cannot use it. However, try to alter the name a little and you might be in luck.

5 9 Easy Steps to Start Your Business Search for your name on the county website Once found, do not register the FBN. Find the domain name through GoDaddy.com Go back to the county and register for the FBN Find a Newspaper and Publish the Name If needed, get a Sellers Permit from the State Obtain a business license from your city Get a EIN from the IRS. Open two business bank accounts

6 Do Not Register It! Once, you find a name that has not been taken, do not register it! – The reason: people are watching for any new fictitious business names... – They will register the domain name for cheap, and hold it for ransom. Now that they own the domain name they can sell it to you for an overinflated price, knowing that is the domain name you want. A domain name is the web address customers would type in to reach your website, such as,

7 9 Easy Steps to Start Your Business Search for your name on the county website Once found, do not register the FBN. Find the domain name through GoDaddy.com Go back to the county and register for the FBN Find a Newspaper and Publish the Name If needed, get a Sellers Permit from the State Obtain a business license from your city Get a EIN from the IRS. Open two business bank accounts

8 Get Your Domain Name Go to a site that offers domain names for sale. and are two popular ones. Register.com is more expensive, but easier to use. Godaddy.com is the cheapest, but can be complicated when trying to purchase it. View the PowerPoint Presentation: Tips on Naming Your Domain Name.

9 9 Easy Steps to Start Your Business Search for your name on the county website Once found, do not register the FBN. Find the domain name through GoDaddy.com Go back to the county and register for the FBN Find a Newspaper and Publish the Name If needed, get a Sellers Permit from the State Obtain a business license from your city Get a EIN from the IRS. Open two business bank accounts

10 Go Back to the County and Register Now, if you were really going to start your business you would go back to the county website and register your business name. Of course, for class you do not have to buy a domain name or register it.

11 9 Easy Steps to Start Your Business Search for your name on the county website Once found, do not register the FBN. Find the domain name through GoDaddy.com Go back to the county and register for the FBN Find a Newspaper and Publish the Name If needed, get a Sellers Permit from the State Obtain a business license from your city Get a EIN from the IRS. Open two business bank accounts

12 Find a Newspaper and Publish the Name Afterwards, you would have to make your business name public by publishing it in a newspaper. Hint: Choose the cheapest one. This is not a way to advertise your company, so you do not have to choose a newspaper with a large circulation.

13 9 Easy Steps to Start Your Business Search for your name on the county website Once found, do not register the FBN. Find the domain name through GoDaddy.com Go back to the county and register for the FBN Find a Newspaper and Publish the Name If needed, get a Sellers Permit from the State Obtain a business license from your city Get a EIN from the IRS. Open two business bank accounts

14 Sellers Permit A sellers permit allows you to sell items at the wholesale or retail level. You must have one if you are selling taxable products. It is free! Go to the following website to download the State of Californias Seller Permit. Hint: Print one out, fill it out and turn in with your business plan. Insert it into the Appendix.

15 9 Easy Steps to Start Your Business Search for your name on the county website Once found, do not register the FBN. Find the domain name through GoDaddy.com Go back to the county and register for the FBN Find a Newspaper and Publish the Name If needed, get a Sellers Permit from the State Obtain a business license from your city Get a EIN from the IRS. Open two business bank accounts

16 Business License Go to your Citys Clerk Office and get an application for a business license. Often you can download these from their website. Hint: Print one out, fill it out and turn in with your business plan. Insert it into the Appendix.

17 9 Easy Steps to Start Your Business Search for your name on the county website Once found, do not register the FBN. Find the domain name through GoDaddy.com Go back to the county and register for the FBN Find a Newspaper and Publish the Name If needed, get a Sellers Permit from the State Obtain a business license from your city Get a EIN from the IRS. Open two business bank accounts

18 Get an Employer ID Number Basically, businesses need an EIN if you have employees or are a corporation or a partnership. You can apply online at the IRS website: Type in keyword EIN in the search box.

19 9 Easy Steps to Start Your Business Search for your name on the county website Once found, do not register the FBN. Find the domain name through GoDaddy.com Go back to the county and register for the FBN Find a Newspaper and Publish the Name If needed, get a Sellers Permit from the State Obtain a business license from your city Get a EIN from the IRS. Open two business bank accounts

20 Opening a Bank Account Now, that your Fictitious Business Name (FBN) has been officially published and it now registered with the County, you can open a bank account under your business name. You choose the bank, they tell you the rest…

21 The End Congratulations!!! You have an official business. Now, lets finish up the business plan and start making money.


Download ppt "9 Easy Steps to Start Your Business Mr. Hayes. Getting Started This presentation will give you the necessary information in starting a real company. Of."

Similar presentations


Ads by Google