article thumbnail

13 Critical Small Business Legal Requirements to Start a Business

Up and Running

Not only do these requirements ensure that businesses operate within the law but it also protects small business owners and their consumers. . Let’s take that innovative new business idea and walk through all the requirements you need to consider to successfully start a business that’s legally recognized.

article thumbnail

How To Start Your Own Small Business In 7 Easy Steps

YoungUpstarts

It has become a very popular employment move in the last few years, and now there are currently 28 million small businesses in the US today. However, there are many different steps and considerations you must follow when starting your own small business if you want yours to be successful. Make a Business Plan.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Separate Your Small Business and Personal Finances

Up and Running

Numerous challenges come with starting a new business. One way to keep things clean and simple from the start is to separate your business finances and personal finances early on. . Over time, this can be detrimental, not only for your business, but your personal life as well.

Finance 103
article thumbnail

Vlad Rigenco’s Tips for Launching a Successful Startup

The Startup Magazine

Vlad Rigenco offers 9 important tips on beginning a startup company and names some of the pitfalls that can happen along the way. Startup companies need to be based around an innovative idea. You may have an excellent idea for a new mobile app or for a company that provides technical services to others. A Great Idea.

article thumbnail

Financial Knowledge Can Lead To Small Business Success

YoungUpstarts

Starting a small business often means taking a lot of risks, especially financially. Economic success is never guaranteed, but when you’re equipped with a strong understanding of finances, there is a better chance for your business to succeed. It is common for most small businesses to experience a cash flow problem.

article thumbnail

8 Steps to Starting Your Own Business

Up and Running

Depending upon the business, there may be city, county, or state regulations as well. Types of business formations include: Sole proprietorship. Limited Liability Company (LLC). Spend some time getting to know the pros and cons of each business formation. Small Business Administration (SBA) Loans.

article thumbnail

Tips On Starting A Business Without Sabotaging Your Personal Finances

YoungUpstarts

Among a growing number of Millennials, there is a real desire to become an entrepreneur, and a belief that starting a business can be a way to attain both independence and wealth. Yet too many people put their personal finances at risk to launch a business, but I believe it can be done without sabotaging your financial future.

Finance 100