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About John A. Troland
Expertise
I am a professional accountant, small business consultant and business plan writer with 43 years experience ( I am also listed on allexperts website as a volunteer in the category of Writing Business Plans).I can answer questions on what needs to be done to start a small business; forms of legal organization;financing for the business; need for a business plan; questions related to the purchase of a business; risks and rewards of owning a small business; marketing and promotion questions and questions concerning bookkeeping, accounting and tax considerations when starting a small business

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numerous clients over 43 years in retail, wholesale, service and the
manufacturing sectors

 
   

You are here:  Experts > Business > Small Business: Canada > Starting a Small Business > I want to start my own small buisness

Starting a Small Business - I want to start my own small buisness


Expert: John A. Troland - 9/9/2009

Question
My name is Erik, I am starting a small business. The line of work is handy man repairs mainly (HVAC, small carpentry, ETC) I want to start soon. For the most part it would only be me doing the work for now( me my tools and a van.  I started a business plan involving advertising (yellow pages, fliers, website, ETC) however, the tricky part is what do I need to do to start this business. I have had several different answers. This is what I have so far.

1. Get a tax ID number from the IRS
2. Get a D.B.A. (Doing Business As) License
3. Register with the State of Il. ($500)
4. Get insurance (bonded and insured)
and thats it......

Does this all sound right, because a friend of mine that has his own business said the DBA and Tax ID is all I need , Others say I need to register with the state for now and thats it? ....

Thank you .....

Answer
Erik: Just to be absolutely sure I would strongly recommend that you contact your local SCORE/Service Corp of Retired Executives chapter at www.score.org or 800-634-0245.  They offer FREE one on one assistance, help and guidance in all areas you would need assistance in.

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