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Thursday, October 16, 2008

About Entrepreneurs: Startup Paperwork Essentials

About.com    Entrepreneurs
In the Spotlight | More Topics |
  from Scott Allen
Wouldn't it be great if you could hang out your sign, go get clients, and just do your business? But the unfortunate reality is that there's more to starting your business than just starting your business. In most locales, there's some paperwork that needs to be taken care of. Even if you don't create a separate legal entity for your business, you still may need various licenses and permits. And don't forget insurance to protect your new business with the proper insurance.

 
In the Spotlight
The Paper Chase - Obtaining Business Licenses and Permits
You've made the decision to start your own business. But before you open your doors or make your first sale, you'll need to make sure everything's legal. This means obtaining the proper business licenses and permits. These vary by city, state and country, as well as according to the type of company you're operating.

 
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Business Insurance to Protect Your New Company
As you contemplate the prospect of your fledgling business taking off and becoming successful, keep in mind one of the downsides to operating a business: Risk. This is where insurance comes in. Similar to the way you protect your car and home with insurance, you also must protect your business's assets in the event of a natural disaster, legal liability or any other any other risk you can't afford to cover.

 
Doing Business As (DBA) a Fictitious Business Name
A fictitious business name, assumed name, or DBA (short for "doing business as"), gives entrepreneurs the ability to brand their businesses effectively with minimal cost. It allows sole proprietors to use a business name rather than their personal name. It also lets a single legal entity (corporation, LLC, etc.) operate multiple businesses without creating a new legal entity for each business. Learn the whys and hows of getting an assumed name.

 
 
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