So, you’ve decided to go out on your own and start a business. You’re not alone—according to the Small Business Administration, small businesses make up 99.7 percent of all companies in the United States. Before you begin pursuing your passion, here are the first three steps you should take.
When it comes to insurance for a retail business, there are several coverages—like liability and property coverage— that immediately come to mind. For a retailer, these coverages make sense, but once you look deeper, there are other risks that retailers face and additional coverages that should be considered.
How to structure your company is one of the first decisions you need to make when starting a business. Although some business owners operate as a sole proprietorship or partnership, many want the added personal liability protection afforded by creating a corporation or limited liability company (LLC).
It’s well known that having a website for your small business is a must. When consumers are looking for information about a business and can’t find their website, they’ll quickly move on to the next business. An ineffective website isn’t much better than not having a website.