9 Easy Steps to Start Your Business
Mr. Hayes
Getting Started
• This presentation will give you the necessary information in starting a real company.
• Of course, this is a simplified journey, but one you really can do to legitimize your business idea.
• Even if you have no products or a business location, you can still do these steps and “establish” your business right away.
• For class, all steps are optional, but canbe helpful in impressing the judges.
9 Easy Steps to Start Your Business
Decide on a name and search for it on the county website
Once found, do not register the FBN.
Find the domain name through GoDaddy.com
Go back to the county and register
for the FBN
Find a Newspaper and Publish the
Name
If needed, get a Seller’s Permit from
the State
Obtain a business license from your
city
Get a EIN from the IRS.
Open two business bank accounts
The County Website• Go to your county’s website to search for your
name.• For San Diego County try:
http://arcc.co.san-diego.ca.us/arcc/services/fbn/search.aspx
• Enter your future business’ name into the “Business Name” search field.
• A list of all names should come up.• If you see it, you cannot use it. However, try to
alter the name a little and you might be in luck.
9 Easy Steps to Start Your Business
Search for your name on the county
website
Once found, do not register the FBN.
Find the domain name through GoDaddy.com
Go back to the county and register
for the FBN
Find a Newspaper and Publish the
Name
If needed, get a Seller’s Permit from
the State
Obtain a business license from your
city
Get a EIN from the IRS.
Open two business bank accounts
Do Not Register It!• Once, you find a name that has not been
taken, do not register it!– The reason: people are watching for any new
fictitious business names...– They will register the domain name for cheap, and
hold it for ransom.• Now that they own the domain name they can sell it to
you for an overinflated price, knowing that is the domain name you want.• A domain name is the web address customers would
type in to reach your website, such as, www.mycompany.com.
9 Easy Steps to Start Your Business
Search for your name on the county
website
Once found, do not register the FBN.
Find the domain name through GoDaddy.com
Go back to the county and register
for the FBN
Find a Newspaper and Publish the
Name
If needed, get a Seller’s Permit from
the State
Obtain a business license from your
city
Get a EIN from the IRS.
Open two business bank accounts
Get Your Domain Name• Go to a site that offers domain names for
sale.• www.godaddy.com and
www.register.com are two popular ones.• Register.com is more expensive, but
easier to use. • Godaddy.com is the cheapest, but can be
complicated when trying to purchase it.• View the PowerPoint Presentation: Tips
on Naming Your Domain Name.
9 Easy Steps to Start Your Business
Search for your name on the county
website
Once found, do not register the FBN.
Find the domain name through GoDaddy.com
Go back to the county and register
for the FBN
Find a Newspaper and Publish the
Name
If needed, get a Seller’s Permit from
the State
Obtain a business license from your
city
Get a EIN from the IRS.
Open two business bank accounts
Go Back to the County and Register
• Now, if you were really going to start your business you would go back to the county website and register your business name.
• Of course, for class you do not have to buy a domain name or register it.
9 Easy Steps to Start Your Business
Search for your name on the county
website
Once found, do not register the FBN.
Find the domain name through GoDaddy.com
Go back to the county and register
for the FBN
Find a Newspaper and Publish the
Name
If needed, get a Seller’s Permit from
the State
Obtain a business license from your
city
Get a EIN from the IRS.
Open two business bank accounts
Find a Newspaper and Publish the Name
• Afterwards, you would have to make your business name public by publishing it in a newspaper.
• Hint: Choose the cheapest one. This is not a way to advertise your company, so you do not have to choose a newspaper with a large circulation.
9 Easy Steps to Start Your Business
Search for your name on the county
website
Once found, do not register the FBN.
Find the domain name through GoDaddy.com
Go back to the county and register
for the FBN
Find a Newspaper and Publish the
Name
If needed, get a Seller’s Permit from
the State
Obtain a business license from your
city
Get a EIN from the IRS.
Open two business bank accounts
Seller’s Permit
• A seller’s permit allows you to sell items at the wholesale or retail level.
• You must have one if you are selling taxable products.• It is free!• Go to the following website to download the State of
California’s Seller’ Permit.• http://www.boe.ca.gov/pdf/boe400spa.pdf• Hint: Print one out, fill it out and turn in with your
business plan. Insert it into the Appendix.
9 Easy Steps to Start Your Business
Search for your name on the county
website
Once found, do not register the FBN.
Find the domain name through GoDaddy.com
Go back to the county and register
for the FBN
Find a Newspaper and Publish the
Name
If needed, get a Seller’s Permit from
the State
Obtain a business license from your
city
Get a EIN from the IRS.
Open two business bank accounts
Business License
• Go to your City’s Clerk Office and get an application for a business license. Often you can download these from their website.
• Hint: Print one out, fill it out and turn in with your business plan. Insert it into the Appendix.
9 Easy Steps to Start Your Business
Search for your name on the county
website
Once found, do not register the FBN.
Find the domain name through GoDaddy.com
Go back to the county and register
for the FBN
Find a Newspaper and Publish the
Name
If needed, get a Seller’s Permit from
the State
Obtain a business license from your
city
Get a EIN from the IRS.
Open two business bank accounts
Get an Employer ID Number
• Basically, businesses need an EIN if you have employees or are a corporation or a partnership.
• You can apply online at the IRS website: www.irs.gov.
• Type in keyword EIN in the search box.
9 Easy Steps to Start Your Business
Search for your name on the county
website
Once found, do not register the FBN.
Find the domain name through GoDaddy.com
Go back to the county and register
for the FBN
Find a Newspaper and Publish the
Name
If needed, get a Seller’s Permit from
the State
Obtain a business license from your
city
Get a EIN from the IRS.
Open two business bank accounts
Opening a Bank Account
• Now, that your Fictitious Business Name (FBN) has been officially published and it now registered with the County, you can open a bank account under your business’ name.
• You choose the bank, they tell you the rest…
The End
• Congratulations!!!• You have an official business.• Now, let’s finish up the business plan and start
making money.