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Experts say some good first steps in starting a business are researching competitors, assessing the legal aspects of your industry, considering your personal and business finances, getting realistic about the risk involved, understanding timing, and hiring help.
Business Startup ChecklistSelect a Name and Legal Structure.Write a Business Plan.Obtain your Federal Employer Identification Number (FEIN)Open the Company Bank Account.Lease Office, Warehouse or Retail Space (if not home-based)Obtain Licenses and Permits.Hire Employees (if applicable)More items...
The South Carolina articles of incorporation cost $135 with the South Carolina Secretary of State. This include the fee to file your initial report with the state. We custom draft your South Carolina articles of incorporation when you hire Northwest to start your South Carolina business.
The South Carolina articles of incorporation cost $135 with the South Carolina Secretary of State. This include the fee to file your initial report with the state. We custom draft your South Carolina articles of incorporation when you hire Northwest to start your South Carolina business.
3 Things You Must Do Before Starting a New BusinessTake a business or entrepreneur training class. Take a business class or workshop before you start a business.Create a business plan. Yes, you really do need a business plan.Conduct real research.Let's review:Take the next step.
Business Plan. Almost every business needs a little funding to get started.Partnership Agreement.LLC Operating Agreement.Buy/Sell Agreement.Employment Agreement.Employee Handbook.Non-Disclosure Agreement.Non-Compete Agreement.More items...
How to Start a Business in South CarolinaChoose a Business Idea. Take some time to explore and research ideas for your business.Decide on a Legal Structure.Choose a Name.Create Your Business Entity.Apply for Licenses and Permits.Pick a Business Location and Check Zoning.Report and File Taxes.Obtain Insurance.More items...
Annual Report for South Carolina LLCsThe fee is $25 (made payable to the Secretary of State) and Form CL-1 must be filed within 60 days of your LLC being formed.
5 Things You Should Have Before Starting a BusinessA realistic personal budget. Article continues after video.Money in the bank. Make sure you can survive on this reduced budget for at least six months, if not longer.A marketing plan.A sales strategy.Stamina.