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Business Formation & Maintenance

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Presentation on theme: "Business Formation & Maintenance"— Presentation transcript:

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

2 29 Year History 9,289 Business Starts

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

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

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

6 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

7 Ongoing Maintenance Bookkeeping Minutes & records Taxes and/or Reports

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

9 Contacts 806-745-3973 Adrien Bennings, Ph.D. M.B.A.
PJ Pronger


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