Congratulations on starting your business; we know it has taken a lot of work and dedication to get to this point but are you ready to open your doors? Attorney Daniel D. Diaz, P.A., has 10 vital steps to cross off your checklist when forming your business. Our Miami business lawyer can help with many of these processes.
- Market research: gathering information about customers and businesses in your industry to develop a competitive advantage.
- Business plan: the roadmap for your structure and growth to convince investors to work with you.
- Funding: business plans lead to funding to start your business. You can raise or borrow the capital.
- Business location: find the best location for your business, whether it is a brick-and-mortar location or an online store.
- Business structure: the legal structure such as LLC, Sole proprietorship, or corporation
- Business name: choose a name and verify it is not in use already.
- Register your business: register your business with state and federal governments.
- Federal and state tax IDs: a social security number for your business that allows you to operate, open accounts, and pay taxes.
- Licenses and permits: vary by state, industry, location, and more.
- Open a business bank account: using your tax ID open a business account for all business expenses.
Other steps include hiring employees and setting up a record-keeping and accounting system. These systems will vary by business, as will hiring employees. You also have to get the word out by developing a marketing strategy.
Speak to a Miami Business Attorney Today
Miami is bustling with new businesses, and you must set yourself up for success. Before you open your doors, check all of these items off your list and speak to Miami business attorney Daniel D. Diaz, P.A., to review your business needs. Remember there are some industry-specific regulations and other items you must add to your checklist. Contact the office today for more information.
