SOME STEPS TO STARTING A NEW BUSINESS

1. Perform market research;

2. Build a business plan;

3. Find funding;
   There are many sources of funding for new businesses.
   Some business financing options include…

   1. Short-Term Goals 

   2. SBS Loans

   3. Crowdfunding 

   4. Angel Investments 

   5. Venture Capital 

   6. Working Capital Loans 

4. Decide on a business structure;

5. Get the right licenses and permits;

6. Open a business bank account;

7. Organize your accounting;

8. File a copyright or patent;

9. Negotiate a lease;

10. Get the right insurance policies;
    Here are a few policies you might need…

    1. Workers' Compensation

    2. Professional Liability Insurance

    3. Product Liability Insurance

    4. Business Vehicle Insurance

    5. Small Business Health Insurance

    6. General Liability Insurance

    7. Property Insurance 

11. Set up a website;

12. Hire employees;

This document is designed for general information only. The information presented in this document should not be construed to be formal legal or tax advice nor the formation of a lawyer/client relationship. 

For more information on this and other topics, please contact Kevin via any of the channels listed below:

📧 kevin@kmckernan.com  | 📞 718-317-5007