Start Your New Jersey Business for 300 Bucks!

Rod's intro: You start your business, non-profit, profit whatever, in the state in which you live. I live in Jersey and have started RR Energy & IT Consulting LLC in 2009 after retiring from a NJ State career, and dissolved it after spending a thou or three in 2013 at a cost of $100, online. Everything is done online, easy, no mess, just fill in the blanks and pay the $250 one time charge with a credit card. Then I began my writing business, ABLiA Media Co LLC for A Blessed life in America, the theme in all my memoiric writings. Online, simple. But first, pick a company name and get your Federal ID (FEIN) free from the IRS. You can do that online also, (and get a hardcopy from them when done, by fax). One other thing, also register your company name with the county clerk of the county the physical address of your company is, in my case, Mercer. Cost $50 OTC. And you're done - the easy part! Now comes the hard part - making a profit! Follow the steps below, and talk to your friends who have business or employment savvy. Oh, and have the savings to support yourself with few sales for the next 2-3 years. Good Luck!

"10 Steps to Starting a U.S. Business [in this case, New Jersey]

Starting a business involves planning, making key financial decisions and completing a series of legal activities. These 10 easy steps can help you plan, prepare and manage your business. 

Step 1: Write a Business Plan

Use these tools and resources to create a business plan. This written guide will help you map out how you will start and run your business successfully.

Step 2: Get Business Assistance and Training

Take advantage of free training and counseling services, from preparing a business plan and securing financing, to expanding or relocating a business.

Step 3: Choose a Business Location

Get advice on how to select a customer-friendly location and comply with zoning laws.

Step 4: Finance Your Business

Find government backed loans, venture capital and research grants to help you get started.

Step 5: Determine the Legal Structure of Your Business

Decide which form of ownership is best for you: sole proprietorship, partnership, Limited Liability Company (LLC), corporation, S corporation, nonprofit or cooperative.

Step 6: Register a Business Name ("Doing Business As")

Register your business name with your state government.

Step 7: Get a Tax Identification Number

Learn which tax identification number you'll need to obtain from the IRS and your state revenue agency.

Step 8: Register for State and Local Taxes

Register with your state to obtain a tax identification number, workers' compensation, unemployment and disability insurance.

Step 9: Obtain Business Licenses and Permits

Get a list of federal, state and local licenses and permits required for your business.

Step 10: Understand Employer Responsibilities

Learn the legal steps you need to take to hire employees.

Startup Resources

There are a number of available [federal, state and local] programs to assist startups, micro businesses, and underserved or disadvantaged groups. The following resources provide information to help specialized audiences start their own businesses.

 Environmentally-Friendly "Green" Business

 Home-Based Business

Online Business

Self Employment

 Minority Owned Business

 Veteran Owned Business

 Woman Owned Business

You can save money when starting or expanding your business by using government surplus. From commercial real estate and cars, to furniture, computers and office equipment, find what you need for your business in one place." Source: USA.gov Small Business Administration

More from Rod: In New Jersey:

Go to www.nj.gov or www.ny.gov etc for the state you live in. Click the top tab for "Business" and then click "Business Checklist" (re: NJ requirements), and your on to a good start!

Make sure you also then click "RFP Watch" and sign up to receive RFPs and bids for jobs that might relate to offering your services and products. I've dione this for years, and even tho I haven't submitted a bid yet, I've learned a hell of a lot just reading the requirements for what's needed to submit a state bid. Forewarned is forearmed I like to say.

The best business advice I can give you? "Be prepared" just like the Boy Scouts. Surprise and uncertainty will kill anything.

Best, Rod

Surviving Bipolar Disorder in the modern age . . . a journey of Hope for the afflicted.
My poetic memoir Episodes available at www.amazon.com/episodes-rodney-richards/dp/0615914705/   

 

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