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How Long Will It Take to Form My Company?

How Long Does It Take to Start a Business? 1 Countdown to Business Ownership The time it takes to start a business varies depending on the business structure you choose, your industry and the services or products you intend to sell. Here's a probable timeline: Start 6 Months to Launch You've got a great business idea. Now what? New Name Name Your Business Business names should: Be unique from any other business in your state Be simple and easy to remember Not be too long or difficult to pronounce Not be offensive or confusing Pro-Tip: Incfile's Business Name Generator can help! Create a Business Plan Business plans should include: Your mission statement - your business's purpose for existing Your business model - how you plan to make money Your target market - who your customers are Your business details - marketing, finances, operations and goals for growth Choose a Business Structure and File Your Paperwork It can take a couple weeks to receive confirmation of legal formation, depending on your state. It's best to file formation paperwork now, because you'll need it to move onto the next steps like financing. Pro-Tip: Incfile can file your paperwork in less than a day, and our $O LLC + state fee is a great choice for most businesses. 3 Months to Launch Decide on a Location If you're operating out of your home, check into zoning issues and business licenses. If you need a brick-and-mortar location, start scouting real estate now. Securing a lease can take significant time. EIN 32-212 Apply for an EIN An Employer Identification Number is needed to open a business bank account, pay employees and file taxes. You can apply for an EIN and get your number in just one day. Secure Financing Open a business bank account. You'll need your EIN and formation paperwork to do this. Research business credit cards and find one that meets the needs of your business. Look into funding options like investors, crowdfunding and business loans to get the capital you need to begin. Pro-Tip: Always remember to separate your business and personal finances, to keep your assets protected. 1 Month to Launch ... Build a Business Website Secure a domain name that is easy for customers to remember and navigate to. Use a free web design platform like Wix to get a professional look. Secure Business Insurance Make sure you have the right liability coverage to protect your business. Plan an annual review with your provider in case you need to make updates to your coverage. Finalize Details Protect your business name by registering a trademark. Secure any necessary business licenses. Plan how you'll manage accounting and bookkeeping. Notify your accountant (or find a good one) so they can help you prepare for taxes. 2 Weeks to Launch Prepare your space, whether it's at home, a retail location or an office. Share your launch plans on social media, and have friends and family spread the word. Plan a digital or in-person launch party or grand opening to celebrate your achievement. 1 Week to Launch Take a breath. You've done the prep work, so you're ready for this. Congratulations You're a Business Owner! Incfile is your partner through every stage of countdown to business ownership. Let us help you your file paperwork, spark some great ideas and get you started on the path to successful entrepreneurship.

How Long Will It Take to Form My Company?

shared by kevin39 on Aug 24
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The amount of time it takes to launch a business varies, depending on the type of business you choose, the industry, state requirements and much more. Generally speaking, it takes around two weeks to ...

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