Business Formation & Maintenance

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Presentation transcript:

Business Formation & Maintenance PJ Pronger Texas Tech University Northwest Texas SBDC

29 Year History 9,289 Business Starts

The Business Side Developing your business is as essential as developing your technology.

The Processes Legal Formation SBIR/STTR Specific Steps Ongoing Maintenance Bookkeeping Taxes & Reports Legal Requirements

Legal Formation Choose legal form File with proper authority Obtain EIN** Create internal docs Bylaws or Company Agreement Open a Bank Account**

SBIR/STTR Specific DUNS number*** SAM Registration x 2 NIH NSF DUNS number*** SAM Registration x 2 SBA Registration Grants.gov eRA Commons FastLane x 2

Ongoing Maintenance Bookkeeping Minutes & records Taxes and/or Reports

Recommendations Use a consistent email address Keep accurate financial records Allocate resources for maintenance Use an attorney

Contacts 806-745-3973 Adrien Bennings, Ph.D. M.B.A. adrien.bennings@ttu.edu PJ Pronger pj@nwtsbdc.org

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