ST. LOUIS
Small Business Checklist |
THE BASICS
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
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
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
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
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
Business License and Permits
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Small Business Insurance |
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
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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