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Share this: Share this post. Previous Post. Keeping accurate and detailed accounts also greatly simplifies your annual tax filing. Obtain necessary permits and licenses.
Failure to acquire necessary permits and licenses can result in hefty fines, or even cause your business to be shut down. Get business insurance.
Insurance is highly recommended for all business owners. If you hire employees, workers compensation insurance may be a legal requirement in your state.
Define your brand. Your brand is what your company stands for, as well as how your business is perceived by the public.
A strong brand will help your business stand out from competitors. Establish a web presence. A business website allows customers to learn more ohio speed shop your company and the products or services you offer.
You can also use social media to attract new clients or customers. Growing Your Business. Two of the simplest steps that will protect your business, and yourself, are to: This separates your personal assets from your company's assets, which ohio speed shop necessary for personal asset protection.
It also makes accounting and tax filing easier. Get a business credit card.
This helps you separate personal and ohio speed shop expenses by putting your business' expenses all in one place. It also builds your company's credit history, which can be useful to raise money and investment later on.
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