Starting and Running a Business
Despite being an intimidating prospect for most people, there are millions of entrepreneurs in the US. Some of them turn out to be very successful, others, not so much. There are many steps to starting and running a business, but many of them can be easily accomplished simply by filling out some forms, and several small fees.
Businesses have been around since the beginning of bartering, an apple for some wheat, a horse for a wife, a daughter for a house. (In no way reflecting what I would trade) The startups of businesses across time have never come easy, from cost, to hassle, to threat of beheading; there have always been obstacles in starting a business.
One of the hardest parts of being an entrepreneur is starting up. This includes getting funding, filing for all necessary permits, and finding a building to host the business. Many business owners rent or lease, but some choose to actually buy a location.
The permits needed to start a business vary from state to state, city to city, and year to year. The type of business also affects what permits you need. For example, to start an online business, you would not have to get a building, and also file for fewer permits than a restaurant would have to. Restaurants have to get all the permits any other business does, and they have to get permits from the health department and be inspected regularly.
Sometimes the cost of startup is too great for some entrepreneurs and the business goes bankrupt. This is one reason you should file for a complete business license. If you aren’t properly licensed as a company, if you go bankrupt the banks can come after you and what you own. If you are approved as a LLC (Limited Liability Company) or LLP (Limited Liability Partnership), if you go bankrupt, the banks can only go after the company’s assets, not personal items. This is ideal for most people who want to start a business and keep their home if something goes wrong.
The largest area a permit is good for is one county. If one wishes to operate outside the county the license was issued in, they would have to get a license from that specific county.
The most important thing is starting a business is having a business plan. This is the only way any bank will approve you for a business loan.  Without this business plan, the bank has no way to analyze the business’s performance thus far. The SBA offers a template for how to lay out a business plan. The following is how a good business template should be formatted (from SBA.gov).
Writing the Plan
What goes in a business plan? The body can be divided into four distinct sections:
1) Description of the business
Agenda should include an executive summary, supporting documents, and financial projections. Although there is no single formula for developing a business plan, some elements are common to all business plans. They are summarized in the following outline: