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ST. LOUIS
Small Business Checklist |
THE BASICS
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Create a business Plan
Writing a detailed business plan, or getting professional business advice from a trustworthy firm is essential for starting a successful business in St. Louis.
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Register your business name
Choosing a business name and branding is important early in the process to remain consistent throughout your marketing. Once you pick a business name you should register it with the city of St. Louis.
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FUNDING
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Explore funding options
In addition to your own personal investment, find government-backed loans, venture capital and research grants to help you get started. The St. Louis SBA is a great resource for funding.
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LEGALITIES
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Get an EIN
An Employer Identification Number (EIN) helps you separate yourself from your business. You’ll need it if you plan to incorporate your business in St. Louis or open a business bank account.
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Determine your legal structure
Decide which form of ownership is best for you: sole proprietorship, partnership, Limited Liability Company (LLC), corporation, S corporation, nonprofit or cooperative.
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BANKING
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Open a business bank account
Create a bank account and line of credit that is separate from your personal account for business expenses is a great idea. Banks like the St. Louis Commerce Bank have accounts designed just for that.
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ACCOUNTING & TAXES
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Set up an accounting system
Hire a local accountant or purchase accounting software to handle invoices, employee payments, and more.
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Register for state and local taxes
Obtain a tax identification number, worker's compensation, unemployment and disability insurance from Missouri state.
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LICENSE & INSURANCE
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Business License and Permits
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Small Business Insurance |
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Determining your business location, home-based vs. office or retail space, is an important step in figuring out what zoning, business license and permit laws you need to address in St. Louis.
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Keep your new business safe by signing up for small business insurance, both for your digital business and storefront. Companies like Hartford Financial Services can help.
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MARKETING
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Get out there with a great website
Your marketing begins with a website for your business. With Weebly, you can create a website on your own in just a few steps. Generate new business, build your brand and sell your products or services directly from your new site. Best of all, you can start it for free!
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