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 Organizing Your Business Here are the types of business available in Minnesota. 2 - Register with the Minnesota Secretary of State Office Confirm your business name by reviewing Naming your business and How to check busness name availablity. Then follow these instructions for How To Register 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. Protecting Intellectual Property: patent, trademark, copyright and trade secret.
5 - Financing your business Business financing basi cs State financing programs to help your startup or small business Tax Credits
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