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Subject:
young man trying to start a business who knows nothing....
Category: Business and Money > Small Businesses Asked by: matthew2-ga List Price: $20.00 |
Posted:
25 Feb 2003 07:10 PST
Expires: 27 Mar 2003 07:10 PST Question ID: 166863 |
how do you start a company in florida? Corp. Inc. How do you open a small business step by step? How old do you have to be for a large loan greater than 25 thousand dollars? What is the best way to obtain the loan? What is the best way to write a simple business plan? |
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Subject:
Re: young man trying to start a business who knows nothing....
Answered By: leader-ga on 25 Feb 2003 11:12 PST |
Hello: Welcome to the daring community of the entrepreneurs. I know that the questions you seek might seem tantalizing. But believe me once you have the basic idea, you will love to work on your business plans. As the field of starting a new business is very vast and it has thousands of resources, I have tried my best to provide you with a list of the best resources available to you on the internet. They will answer your questions in a plain easy English. Q1. ANSWER It is not difficult to form a corporation these days. It may only take you five minutes and the best thing is that you can do it online without leaving the comfort of your home. First, I am not sure about your company size. If you want to incorporate your business or start cooperation, you will have to have shareholders. BUT IT SEEMS that you are planning to open a small business. If you have a small company than the best way is to form a LLC (limited Liability Corporation) as it does not demand any shareholders and you enjoy the same tax benefits as sole proprietorship or a Partnership (no double taxation). Let me make easy. There are four types of companies. (1. Sole proprietorship --- you are the sole owner, 2. Partnership --- you and you partner/s own the company , 3. LLC 4. General Corporation. The best websites that will tell you of the types of corporations and how you can form one are: Florida State Department http://www.dos.state.fl.us/startbus/ Business Advisor by SBA http://www.business.gov/busadv/maincat.cfm?catid=18 Q2: To open a small business step by step please go to the following page for easy to understand steps: (Although the above links will help too) Small Business Administration http://www.sba.gov/starting/ Q3: There is no legal age of getting loans in the State of Florida. The amount of loan depends upon your credit history, loan amount and business type etc. Q4: The best way to obtain a loan is Small Business Administration itself. Please go to http://www.sba.gov/financing/ OR contact a Small Business Development Center near you http://www.sba.gov/sbdc/ Another source is the Federal Government http://www.smallbusinesscenter.com/ Another Source http://www.thefloridasearch.com/loans.html Other sources include national and regional banks. Q5: The following websites will help you write a simple business plan. Business Plan http://www.sba.gov/starting/indexbusplans.html http://www.businessplans.org/ http://www.soyouwanna.com/site/syws/bizplan/bizplan.html Review http://www.vfinance.com/home.asp?bps=1&ToolPage=bps_main.asp Many Websites to help you with business plans. http://web.mit.edu/entforum/www/Business_Plans/bplans.html Software to help you http://www.bplans.com/ Business Plan Archives http://www.businessplanarchive.org/ Other Useful Websites: What you will need? https://www.corporate.com/inc1.cfm Limited Liability corp. http://www.corporate.com/corp_type.cfm#llc Florida Small Business http://www.floridasmallbusiness.com/adverts.asp Please note that the following terms are very useful and you can get a lot of information by typing them in Google Search Bar. Search Strategy: Starting a small business Small business loans Types of corporation Sample business plans Business plans Simple business plans Hope the answer will help you. If you get confused, just let me know and I will answer your questions as I have myself worked for the small business development centers. Ask me until you are satisfied. Thanks Sincerely, Leader-ga |
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Subject:
Re: young man trying to start a business who knows nothing....
From: ericynot-ga on 25 Feb 2003 07:23 PST |
I'm glad to see you are interested in becoming an entrpreneur. You've asked some good questions, but they cannot be adequately answered without knowing a great deal about your situation - what kind of business? Are you buying an existing company or starting from scratch? where are you located? what experience and education do you have? What financial resources do you have? What are your goals? Who do you have access to who might mentor you? And many, many other questions. My recommendation would be to begin by going to the library or bookstore and getting some good books with lots and lots of business startup ideas and information. Here's one you might start with: http://www.amazon.com/exec/obidos/ASIN/1891984217/qid=1046186261/sr=2-1/ref=sr_2_1/104-1868850-8905531 Best of luck, ericynot-ga Google Researcher and longtime entreprenuer |
Subject:
Re: young man trying to start a business who knows nothing....
From: highroute-ga on 25 Feb 2003 09:08 PST |
For information on how to form a Florida corporation, explore the State of Florida's Web site. Generally, it is the office of the Secretary of State in a given state that handles incorporations, but states do differ. I also suggest exploring the Web site of Nolo Press, at http://www.nolo.com/ Nolo offers books to guide people who aren't lawyers in doing things (like forming a corporation) that they may not ALWAYS need a lawyer to do. You may, for example, find that it would make more sense in your specific case to operate as a sole proprietorship or as a partnership rather than as a corporation. I also suggest an often-recommended book, _Small Time Operator_, by Bernard B. Kamoroff, CPA. Its ISBN is 0-917510-15-1. It covers much of what is needed to form and operate a small business. |
Subject:
Re: young man trying to start a business who knows nothing....
From: ericynot-ga on 28 Feb 2003 07:33 PST |
Here's another web-based company that does incorporations that appears to be a little cheaper than the one leader-ga mentioned: https://www.inc-it-now.com I have been told by a person who used their services that they did a good job. ericynot-ga |
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