OPERATIONAL ACTIONS TO START A SMALL BUSINESS
When starting a new business there are many important decisions to make. Here are some resources and steps to help you get started in Minnesota. 1 - Choose your business structure Organize your business Here are the types of business structures available in Minnesota. 2 - Register with the Minnesota Secretary of State Office Confirm your business name and follow these step-by-step instructions for registering your business. 3 - Obtain state and federal tax id numbers Obtain a state tax ID number from Minnesota Department of Revenue and federal tax ID number (EIN) from the IRS. 4 - Secure necessary business prerequisites Does your business require licenses and permits? Insurance should be secured to mitigate risks. Protect Your Intellectual Property: patent, trademark, copyright and trade secret. 5 - Financing your business Financing basics and state financing programs to help your startup or small business. Research Grants, Tax Credits, Loans
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