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When starting your business, you probably aren’t thinking about the administrative tasks that need to get done. But I assure you, taking care of those tasks in the beginning stages of launching a business will save you a TON of time and money.
In this video, I share 7 TASKS that you really shouldn’t put off if you own, or want to start a US-based small business like mine.
First of all, if you own a business, you’ll want it to be legally registered as such. I recommend going with an “LLC” registration. I’ve had experience registering using a different business structure, and have had some difficult time with it. So let me save you some of that trouble when starting your business.
Another one of the most indispensable administrative tasks you need in launching a business is getting a business tax ID. This is essentially a social security number for your business, and you need it for tax purposes.
You’ll also want to set up a business bank account separate from your personal funds. You probably have BIG DREAMS and see your business growing in the future. Setting up a business bank account now helps prepare you for that. When the time comes that your business is booming, eyes are on you, and the IRS wants to confirm your finances, you’ll be good to go.
Watch until the end of this video to know more about these 3 administrative tasks that’ll help you in starting your business, PLUS the 4 others which you definitely won’t want to miss.
I also share below the links you’ll need to help prepare you in launching a business, as you follow the 7 necessary tasks I discuss in this video:
Instructions for registering your business:
sba.gov/business-guide/launch-your-business/register-your-business
Instructions for getting your employer identification number:
sba.gov/business-guide/launch-your-business/get-federal-state-tax-id-numbers
Legal templates by my lawyer*
Website Disclaimer template: https://lisa-fraley.simplero.com/products/46188-DIY-Website-Disclaimer?ref=19366-luisazhou
Website Terms template:
https://lisa-fraley.simplero.com/products/46585-DIY-Website-Terms-Conditions?ref=19366-luisazhou
Website Privacy Policy template:
https://lisa-fraley.simplero.com/products/74670-DIY-Privacy-Policy-GDPR-friendly?ref=19366-luisazhou
*Zhou Ventures, Inc. is a proud affiliate of these legal templates as they’re from the same lawyer we use for our own legal terms and contracts. If you use these links, we may earn a small commission (at no additional cost to you).
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