Starting a New Business

Starting a new business with Tick My Work can streamline the process and ensure that you're navigating all legal requirements effectively. Here's what it generally takes to start a new business legally with the assistance of a Tick My Work:

1. Initial Consultation:

• Meet with the consulting firm to discuss your business idea, goals, and needs.
• They will evaluate your concept and provide insights into the legal steps required.

2. Business Structure Recommendation:

• Based on your business goals and circumstances, the consulting firm will recommend the most suitable business structure (sole proprietorship, LLC, corporation, etc.).

3. Name Search and Registration:

• The consulting firm will help you choose a unique business name and perform a name search to ensure it's available.
• They will assist in registering your business name and obtaining a Doing Business As (DBA) certificate if necessary.

4. Entity Formation:

• The consulting firm will prepare and file the necessary documents to officially form your chosen business entity with the state.

5. Obtaining an EIN:

• The consulting firm will guide you through obtaining an Employer Identification Number (EIN) from the IRS. This is necessary for tax purposes and opening a business bank account.

6. Licenses and Permits:

• The consulting firm will research and compile a list of licenses and permits required for your industry and location.
• They will assist in applying for and obtaining these licenses and permits to ensure compliance.

7. Business Planning and Strategy:

• The consulting firm can help you create a comprehensive business plan that outlines your goals, target market, competitive analysis, and financial projections.

8. Legal Documentation:

• They will assist in drafting contracts, agreements, and legal documents such as partnership agreements, operating agreements (for LLCs), and more.

9. Intellectual Property Protection:

• If your business involves intellectual property (trademarks, copyrights, patents), the consulting firm can guide you through the registration process to protect your creations.

10. Tax Compliance:

• The consulting firm will advise you on your tax obligations and assist in setting up proper tax accounting systems.
• They can help you understand and fulfill your federal, state, and local tax requirements.

11. Insurance Guidance:

• The consulting firm can recommend appropriate business insurance coverage to protect your business and its assets.

12. Compliance with Regulations:

• The consulting firm will ensure that you're complying with industry-specific regulations and standards.

13. Ongoing Support:

• Beyond the initial setup, the consulting firm can provide ongoing support, answer questions, and help you address legal challenges as they arise.

14. Cost and Timeline Clarification:

• The consulting firm will provide an estimate of costs and timelines associated with each step to help you plan accordingly.

Here at Tick My Work, you'll have access to expertise and guidance that can help you navigate the complex legal landscape of starting a business. This collaboration can save you time, reduce stress, and increase the likelihood of launching your business successfully and legally compliant. Let’s Partner up and take your New business to next level onto an Auto Pilot mode.

Offered Service(Included)