What steps should I thieve to start my own company ? I want to start an IT related company and I would like
Answers:
Registering a company is not difficult at all. First check beside your state requirements, which is primarily name registration. There are lots of companies that provide these services for you -www.mycorporation.com, but they usually charge a premium. As an IT company, produce sure you get your domain mark secured, again, lots of companies out there to assist -www.godaddy.com, is my favorite.
Taxes are base on your corporate structure, and vary greatly. Make sure you turn to www.irs.gov to research the differences, you can set yourself up as a C-corp (company pays its own taxes) S-Corp (shareholders pay their portion of taxes), LLC (Limited Liability) or Partnership, or you can stay simple by man a sole propreitor. What all this determines is whether you will be file an 1120 corporate tax return on March 15, or if adjectives your taxes go on your personal import tax return. Now if you have personnel, payroll taxes will have to be considered. But this comes next.
Running a business to start is not complicated, but make sure you enjoy invested in a flawless accounting product. For brevity, Quickbooks is a pretty good bookkeeping tool, the training tutorial is pretty effortless and the interface is user friendly. Trademarking and patenting can be done but don't need to be done first.
Most importantly, devise a strong business plan. Although this help investors, it helps you, the owner more. It places adjectives your thoughts down into concrete black and white. It brings out your strengths and weakness, and determines if immediately is the right time to jump within. Palo Alto has moral software to assist with this.
You may also want to collect with a local SCORE representative to pick their brain.
Good luck
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