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Small business success plays a vital role in this country’s mythology. While there are indeed factors that make it a good time to be an entrepreneur in America, there are also factors that make it a challenging time to be running your own business. You as a small business owner will need to:



      Survive early pitfalls
 

     • Deal with taxes, insurance and finding money
 

     • Learn what federal regulations apply to you
 

      Know what your state requires



As reliable partner BATS can help:


     
• Prepare an initial business plan to clarify your marketing, management, and financial plans.

 

      Determine your start-up capital needs.
 

     • Identify sources of start-up capital and backup sources if needed.
 

     • Evaluate and quantify your borrowing power so you know how much money you can get your hands on if needed.
 

     • Select a business structure that best fits your needs by evaluating tax advantages, legal exposure, ease of operation and

        portability should you need to relocate.
   

     • Select the right accounting software by evaluating your budget, needs and hardware.
   

     • Prepare a Cash Flow Budget so you know exactly how much money you need to keep the business alive each month for the first

        few years.
   

     • Establish billing and collection procedures to maximize your cash flow.
   

     • Establish procedures to monitor and control costs.
   

      Setup a home office so you can maximize your tax deductions.


      Prepare and file all required state and local licenses and permits.


     • Prepare and file your application for your Federal Employer Identification Number.


     • Provide payroll and payroll tax filing when you bring on your first employee.


      Comply with employment laws so you don't get hit with fines and unhappy employees.


     • Identify your business insurance needs.


     • Develop a solid Partnership Agreement. This is an extremely important document for all new partnerships and will help prevent a 

        tremendous amount of financial and emotional problems down the road.