If you are like most small business owners, you have small business questions. Small business questions about taxes, laws, trademarks, contracts, operations…the list goes on. Luckily there are various resources available to small business owners that could help answer at least some of your questions.
How do I write a business plan?
A business plan is one of the first steps most entrepreneurs must take before starting their business. The plan should detail the product and company, have a market analysis, a marketing and sales strategy, financial projects, and even a request for funding. Luckily there are many resources available to help entrepreneurs write business plans, as well as answer these important small business questions. The Small Business Association has great articles for each part of the plan. SCORE has numerous templates and even mentoring services.
Can I use that name for my small business?
Naming a small business is more complicated than simply coming up with a name. First, it is important that the name will instantly allow potential customers to know what the business is all about. Next, it is essential to verify if the name is not already in use by another business. KnowEm is a great resource to instantly check if your chosen name is already registered on hundreds of social media website. If you plan on registering the business in New York you can verify if the name is already registered by someone else here. Finally, a search of registered trademarks with the USPTO will reveal any name conflicts. This basic search is a good start, however, a more comprehensive search may be necessary. A trademark can also be a good way to protect your name.
Do I need a license to operate my business?
The New York License Center has a business wizard that will help small business owners determine which licenses and permits are necessary to get the business up and running.
What taxes does my small business need to file?
The type of taxes, and the frequency with which you must pay them, depends on the type of entity and the specific business. Generally, corporate income tax, or informational returns, are due once a year. Sales taxes are due quarterly. The IRS maintains a schedule, so does New York Department of Taxation and Finance. If you must collect sales tax, you must register as a vendor at least 20 days before starting sales.
What insurance does my small business need?
How do I start?
Contact me today to discuss your small business questions and anything else that you might need to start or run your business.
This post is for informational purposes only. It is not intended to be, nor should it be construed as, legal advice. Always consult an attorney, licensed in your state, before taking legal action.