How to Start a Small Business

By Bryce Besherse

Whether you want to be your own boss, you have a million dollar business idea, you want to turn your side hustle into legally protected income, or you want to escape the corporate zoo and mundane 9-5 living, it all starts in one place - forming your own business. In today's age, everyone wants to own their own business and have financial freedom but many people don't know where to start. In this ebook you'll find a concise step-by-step explanation on the formula needed to independently start your own business from square one. Here you'll learn the basics on how to form a Sole Proprietorship, a General Partnership, an LLC, and a Corporation at the local, state, and federal level. You don't need any expensive consultations or a business guru to guide you to the gold, you have the power in your own hands. What are you waiting for?

• Language: English
• Publisher: Bryce Besherse
• Release date: Jan 1, 2022
• ISBN: 9780463916131

Book preview

Preface

When I started my first business, I had no prior training, collegiate education, or formal experience to rely on in the business field. Nothing I had learned in school had actually prepared me to start my own business. After months of collecting my ideas, putting together a business plan, and organizing my funds, I was completely stuck when it came time to form my business entity. I had never learned any of the steps necessary to operate and maintain a business legally, and after facing this realization, I quickly became stressed.

I was clueless on what steps to take, or in what order to take them. The business forming procedure was not linear by any means, even after I had learned the ropes. I realized that without the counsel of family or friends who had previously started businesses of their own, I would have to hire a business professional for a consultation, and probably pay outrageous fees with the funds that were supposed to be going into my own business investments.

I was intimidated, but I toughed it out and sacrificed my free time to learn the steps necessary to get my small business off the ground. After all was said and done, wiping the sweat from my brow, I made a resolution to organize a simple, step-by-step guide that anyone could follow to effectively and independently start their Sole Proprietorship, LLC, or other small business entity.

My goal is that this book will provide you with the assistance that I was desperately searching for on my journey. After all, your free time should be spent implementing your success, not scrolling through internet forums trying to connect dots. You don’t need expensive business advice, or anyone to form your entity for you. I have tread the path before you, and now I’m here to show you the way. Let’s dive in!

1. Plan For Success



Line

So, you’ve purchased this book because you’ve got a business idea, and you’re prepared to do what it takes to turn that dream into a reality. It could be that you’re ready to leave your job, become financially independent, and follow your dream. Maybe your side hustle has expanded more than you had anticipated, or maybe you’ve discovered a new talent you posses, and you’re ready to harness that talent to generate wealth for years to come. Whatever your situation may be, you’ll need to form a legal business entity to expand your wealth, and legally protect yourself, your assets, and others, from anything that could happen. I am here to guide you along that very path to starting your own small business.

When I first got out of school and I prepared to turn my experience and knowledge into financial income, I was hit