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3 Things You Need to Start a Business
By Rai Ahmed-Green
November 11, 2018 12:52pm
Everyone has a business idea just waiting to become a reality. When it’s time for you to make that move into entrepreneurship, FEC has some pointers to help you get going in the right direction.
1
Business Entity Type
Chose the right structure to get the most out of your business. Selecting the right entity type for your business helps maximize your chances of financial success. For more information you can check out our Business Entity Comparison table and schedule a one on one consultation with one of our small business coaches to make sure you chose what's best for your business.
2
Business Tax ID
A business tax ID, also referred to as an Employer Identification Number (EIN) is a nine-digit number used to identify the tax account of a business entity. An EIN works much like a Social Security number and is offered through the Internal Revenue Service at no cost.
3
Brand
Your brand is the personality of your business. It can consist of a logo, colors, type face, and marketing content. Be sure to create a mission statement and a vision statement that speaks to the goals of your business and then create a brand that further articulates those goals.
If you need help with the ins and outs of starting a business schedule a free consultation with one of our small business coaches and get help every step of the way.