Exploring the Possibilities of Starting, Buying or Expanding a Small Business? Discover what it takes by charting your course with… Small Business Basics.

Slides:

Advertisements

Similar presentations

Business Start-Up Fundamentals Entrepreneurial Workshop I Business Start-Up Fundamentals Entrepreneurial Workshop I.

Advertisements

Information for businesses from the Im Starting a Business – Who Should I Contact?

SEED Corporation Business Start-Up Fundamentals Entrepreneurial Workshop I.

 Primary objective is to support some issue or matter of private interest or public concern for noncommercial purposes  Arts, charities, education,

Marlan S. Bustos 26 April 2006 My Internship Experience July 5, 2005–September 29, 2005.

HOW TO START A SMALL BUSINESS IN CALIFORNIA LEGAL AND FINALCIAL ASPECTS.

B. OVERVIEW OF SMALL BUSINESS

Develop a Business Plan

10 Steps to Help Start Your Business American Association of Small Business Finance.

Entrepreneurship: Ideas in Action 5e © 2011 Cengage Learning. All rights reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible.

Department of Consumer & Regulatory Affairs LINDA K. ARGO, DIRECTOR October 13, 2010 G O V E R N M E N T O F T H E D I S T R I C T O F C O L U M B I A.

Fundamentals of Starting a Business. What we do … Building Better Businesses Consulting – No Charge Assistance available to startup & existing businessesAssistance.

Created by the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants CPA Mobilization Kit: Small.

Selecting a Structure for your Business Presented by (Name, CPA) Member, The Ohio Society of CPAs 8/10/

Exploring the Possibilities of Starting a Small Business? Discover what it takes by charting your course with… Small Business Basics Training.

Business Basics How to Start a Business Presented by the Central Ohio Minority Business Association & the Columbus Minority Business Assistance Center.

Chapter 6 Setting up the company. Objectives Best form of ownership Sole proprietorship and partnership Incorporating a business S corporation and limited.

Department of Consumer & Regulatory Affairs NICHOLAS A. MAJETT, DIRECTOR November 10, 2011 G O V E R N M E N T O F T H E D I S T R I C T O F C O L U M.

New Vendor Sales Tax Basics Diane M. Werner, C.P.M. Ohio Department of Taxation Akron Service Center.

BUSINESS PLANS MARKETING PLANS STRUCTURE. WHAT IS BUSINESS? Business is the process of taking materials, goods or services from a beginning point and.

SMALL BUSINESS RESOURCE GUIDE CHECKLIST FOR GOING INTO BUSINESS.

1. Operations Planning Creating & Running a Legitimate Business Finalizing the plan What is the Size & Scope of Your Business Entity (Forms of Business)

SCORE ® Counselors to America’s Small Business Service Corps of Retired Executives Create a Winning Business Plan Session 5 Supporting Documents Other.

Bergen.score.org Counselors to America’s Small Business S erving Northeast, New Jersey 0.

1 San Antonio SCORE Overview. 2 Successful and experienced executives acting as volunteers. Web site, score.org, provides useful information and resources.

How to Get Started in Business… GEAR UP DAY Presentation by the Small Business Development Center at Terra State Community College.

Sources of Assistance Available to Entrepreneurs (The logos used in this PowerPoint were copied directly from corporate websites. They have not been altered.

© Iowa SBDC Smart Start Are you ready to become a small business owner? Presented by Iowa Small Business Development Centers and the SBA.

My Own Business The Business Plan. The Plan A business plan is a written document that describes your business objectives and strategies, your financial.

SUCCESSFUL BUSINESS PLANNING FOR ENTREPRENEURS © South-Western Thomson Chapter 2Slide 1 CHAPTER 2 Plan the Small Business OBJECTIVES 2-1Explain the importance.

Business Plans Obj Purpose & Use Describes a new business Uses: –To obtain financing Lenders need to know what you plan to do & how you plan.

How to turn your hobby into a small business Hosted by: Brian Cook & The Office of Financial Advising.

Understanding Business and Personal Law Sole Proprietorship Section 27.1 Sole Proprietorship and Partnership A sole proprietorship is a form of business.

Chapter 3 Business Plan Miss Dinnella.

Restaurant David Safaa Razia Veronika Maria Legal Structure of a Business.

Licenses and Permits Needed to Open a business. Tax Registration  Employer Identification Number (EIN)  Employers with employees, business partnerships,

1.03 Identify sources of business start-up information.

B. OVERVIEW OF SMALL BUSINESS 3.00 Explain the legal environment of small business Describe sources of assistance available to entrepreneurs. (The.

Create Your Business Plan A SCORE Seminar Sponsored by Southwest Florida SCORE Chapter 219 In cooperation with Edison College Session 4.

1.03 Identify sources of business start-up information.

1 The First Step of Starting a Business 119 Technology Center, University Park, PA

Silicon Valley SCORE An Overview. Silicon Valley SCORE  Who are we ?  Where are we ?  What have we done ?  What can we do for you ?  What areas do.

1 FINC3131 Business Finance Chapter 1: Introduction & overview.

Develop a Business Plan

How to start a business?. At the beginning: What this is an enterprise? -is an organization involved in the trade of goods, services, or both to consumers.

Simplifying Business. The Commissioner of the Revenue’s Office The Commissioner of the Revenue is the chief tax assessor for the City of Charlottesville.

B. OVERVIEW OF SMALL BUSINESS 1.03 Acquire information to guide business decision-making 1.03 What is the value of obtaining business start-up information.

ACCOUNTING AND RECORDS MANAGEMENT 4101 Barbara Loop SE, Suite D, Rio Rancho (505) fax (505)

Ch. 4: Business Planning and Structure Present your business in the best possible light Put financial requirements and projections in writing Define your.

STARTUP LEGAL 101. THE 8 STEP START LEGAL CONSIDERATIONS WORKSHOP INCLUDES: Overview of how to start a company. Examples of legal documents/usage. Where.

Greenhouse Site Selection & Regulations Karen Hall Cornell Cooperative Extension Modified by Georgia Agricultural Education Curriculum Office July 2002.

Developing a Business Plan Why a Business Plan is Important What Goes into a Business Plan? How to Create an Effective Business Plan.

Objectives  Operational is central to the allocation of resources.  It uses inputs from the marketing plan to scale operations in order to deliver what.

A written document that describes all the steps necessary in opening and operating a successful business.

Business Start-Up Fundamentals Entrepreneurial Workshop I

B. OVERVIEW OF SMALL BUSINESS

Objective 4.04 Understand Marketplace Experience

Business Plans Obj

Understand Opportunity

B. OVERVIEW OF SMALL BUSINESS

Legal Information for Creative Professionals

How to Write a Business Plan and Start a Business in South Carolina

Small Business Administration

B. OVERVIEW OF SMALL BUSINESS

B. OVERVIEW OF SMALL BUSINESS

OVERVIEW OF SMALL BUSINESS

Government Agencies Important to Small Businesses

Exploring the Possibilities of Starting a Small Business?

Discover what it takes by charting your course with…

Small Business Basics Seminar

Presentation transcript:

Exploring the Possibilities of Starting, Buying or Expanding a Small Business? Discover what it takes by charting your course with… Small Business Basics Training

Small Business Development Guide Business Entities Ohio Secretary of State, Sole Proprietorship Partnership (General or Limited) Corporation (C-Corp or S-Corp) Limited Liability Company (Partnership) Non-Profit Organization Click on “Business Basics – Guide”

Small Business Development Guide Name Registration Ohio Secretary of State, “Doing business as a name other than your legal name, you must register it” Fictitious Name Registration Trade Name Registration Corporate Name Registration Click on “Business Basics – Guide”

Small Business Development Guide Licensing & Permits First Stop Business Connection Menu of Business Types – Checklist of Regulations & Requirements “Starting Your Business in Ohio” Publication Click on “Business Basics – Guide”

Small Business Development Guide Vendor’s License Ohio Department of Taxation, “If you need to charge sales tax, you need the appropriate vendor’s license or licenses” Ohio Business Gateway County Auditor’s Office Regular Vendor’s License Transient Vendor’s License Certificate of Exemption Click on “Business Basics – Guide”

Small Business Development Guide Tax Requirements Federal Taxes, Ohio Taxes, Local Taxes – city, township, county & school Click on “Business Basics – Guide”

Small Business Development Guide Employer Requirements Employer Identification Number (EIN), Immigration Law, New Hire Reporting, Wages and Hour, Unemployment, Worker’s Compensation, Employee Rights, Click on “Business Basics – Guide”

Small Business Development Guide Professional Advisors Accountant Attorney Insurance Agent Bankers/Lenders Financial Advisors Other Service Providers Mentors

Small Business Development Guide Sources of Assistance Ohio SBDC at Terra State, sinessDevelopment.html sinessDevelopment.html Small Business Development Centers of Ohio, Ohio Development Services Agency,

Small Business Development Guide Sources of Assistance Association of Small Business Development Centers, Small Business Administration, Service Corps of Retired Executives (SCORE) – Toledo, Local Chambers of Commerce Local Economic Development Organizations

Small Business Development Planning Business Plan Functions Acts as a Feasibility Study Tool for Obtaining Financing Serves as a Management Tool

Small Business Development Planning Business Plan Narrative Statement of Purpose Description of Business Marketing Plan Competition Location Organization Plan (Management and Personnel) Click on “Business Basics –Bus. Plan Narrative”

Small Business Development Planning Business Plan Financial Pro Forma Financial Requirements Amortization Schedule Pro Forma Income Statement Pro Forma Cash Flow Analysis Pro Forma Balance Sheet Industry Standard Income Data Click on “Business Basics – Bus. Plan Pro Forma”

Small Business Development Planning Small Business Funding Private Funding Public Funding Hybrid Funding

Confidential, In-Depth Business Plan Counseling Complete Research Complete Narrative Complete Financial Data Worksheet Complete Counseling Information Form Contact the SBDC for an Appointment SBDC Complete Business Plan Pro Forma Click on “Business Basics – Guide”, “Business Basics – Narrative”, “Business Basic – Worksheet”, “Business Basics – Counseling Information Form”, and “Business Basics – Pro Forma”

Small Business Development Planning Checklist – 1 st Things 1 st Register with the Ohio Secretary of State ( Obtain your EIN from IRS ( Open a bank account Contact the Ohio Department of Taxation ( Report hired employees ( newhire.com) newhire.com

Small Business Development Planning Check-list – 1 st Things 1 st Contact the Ohio Bureau of Workers’ Compensation ( Contact the Ohio Department of Job & Family Services ( Obtain the proper licenses and permits ( and

Small Business Development Center Presenter’s Contact Information Bill Auxter, Director Ohio SBDC at Terra State Community College 2830 Napoleon Road, Fremont, Ohio Building D, Suite D-201, Office C Direct Line: