Question I am thinking to start a NY syle pizza place. How can I start?
Answer Dear Felipe:
The following are steps that you must take when starting new business:
1) Choose your Business Name
2) Create Business Plan
3) Choose Business Structure and register your company
The following table will help you to make a decision about business structure: http://www.blquest.biz/business_structure.htm
DBA is the cheapest one. But it is the worst way to save money. In taxes and liabilities you will pay more down the road. Partnership is another disastrous option. Chose between LLC or Corporation. For the physical store I will go with Corporation.
5) Establish your business:
•Obtain all necessary licenses
•Open physical location for your business. The best approach is to find a good commercial realtor. The realtor will help you negotiate the best lease possible. And can also suggest the best place to open the store.
•Order business phone lines, fax line, 800 numbers and other communication tools
•Order business website and e-mail
•Open business account with your bank. Try to have an average daily balance of at least $1,000
•Establish trade references. You can start with the business credit cards.
6) Apply for Identity Theft Protection with PPL. Having business without affordable legal assistance is an expansive option.
7) Enroll your business in Better Business Bureau after 6 months of existence.
