Starting a business involves planning, making key financial decisions and completing a series of legal activities. Your business will need an employer identification number (EIN); the IRS can help you with that. Start ups for dump trucks, over the road trucks, limousines, restaurants and similiar industries would be considered a high risk for the banks and properly rejected either way.
Most direct selling companies have low start up capital compared to a traditional brick and mortar business. A Corporation or LLC is the ultimate business entity to form for personal and business asset protection. Next, I’ll give you recommendations for the governance of your family business, including business controls and decision-making, working with shareholders, and establishing and managing the pay you provide to your family and friends.
If you are going to have a brick-and-mortar presence, research possible locations for your business. You’re also probably very friendly with some of …