Updated: Jan 3
Small Business Starter Guide: Everything You Need to Know About Forming A
Sole Proprietorship, LLC, General Partnership, or Corporation.
"To start a successful business you must start small and dream big." - Aliko Dangote
The decision to switch my lifestyle and become a business owner rather than an employee changed my life forever. I no longer felt dread waking up going to work everyday, going to dead end jobs, working in fields that didn't interest me, and even worse, working for incompetent people making way more money than me!
When I was in my early 20's I knew I had to formulate a plan to escape the humdrum 9-5 lifestyle that laid ahead of me. I had dead-end job after dead-end job and worked for many companies that either didn't respect me, didn't pay me adequately, or I simply just wasn't happy there. I've worked a few dream jobs over the years and even on the best days I still found myself seeking more freedom and more income.
It wasn't long before I turned some of my hobbies into side hustles and eventually became trained and educated in my dream profession, which really switched my mentality and kick-started my new lifestyle; becoming a business owner with multiple streams of income and financial freedom. I'm now working in the career of my dreams, I get off days whenever I want, and I don't have to answer to anyone but myself!
"Whether you think you can, or you think you can't - you're right." - Henry Ford
Unfortunately it was a very bumpy road to get to where I am today. I've dealt with a lot of shady people and had failed ventures over the years, but often times our failures are our greatest teachers, so I've never let it stop me. However, one situation which taught me more than anything about myself and the way I move was the process of actually starting my own business. I never went to business school and I had no one to rely on when starting my first business that I could call on or ask for help.
Fortunately though, I never gave up. I stuck it out and figured out everything I needed to accomplish to build a thriving business. I never want anyone to have to work as hard as I did, so I decided to come up with an easily accessible way for anyone to start their own business without having to hire some expensive consultant or business guru. After all, your money should be invested in your business!
Let's learn how you can start your own business, escape the matrix, and live the life you truly desire.
"A big business starts small." -Richard Branson
I Have Big Dreams, Why Would I Start A Small Business?
Did you know that a Corporation is still considered a small business? Right, I had no idea either when I first started this journey. Over 99% of the businesses in America are considered a small business with more than 88% of those having fewer than 20 employees. These are truly astonishing numbers.
Small businesses are the lifeline of the United States. The majority of the population all try to support small business when we have the option because we know we would want others to do the same for us. On top of that we're social creatures, we crave social interaction and a connection to our communities. Small businesses owners are people just like you and I and their businesses often represent that, and so we feel deeper, more loving connections here than with a company like McDonald's or Walmart which have the tendency to invoke thoughts of chaos and almost lack a human quality.
"You don't need to have a hundred-person company to develop that idea." - Larry Page
This brings us to you, the beautiful dreamer. Full of wisdom and drive - ready to change the world, achieve financial freedom, or just make some extra cash with your growing side hustle. If you're reading this article you're more than likely at the stage where you're ready to take action. The business atmosphere is daunting when you first venture out, especially if it's your first business. The thought of waiting in line and filling out forms is a drag and all of the logistics that come along with owning your own company can have your mind spinning. Thankfully, if you're trying to start a business in the U.S., I've tread the path before you and I'm here to simplify things and show you the way.
Don't Hire Someone To Start Your Business For You
You may have booked a consultation with some respected business professional or paid for business classes and been shocked by the prices - I know I sure have. The bad news is more than likely, at the end of the day, you still have to go out and do all the work yourself without any direction on where to start or the steps to follow.
Some companies will charge you an expensive fee to form your LLC or Corporation for you but I've even seen this go wrong. A friend of mine chose this service with a very well respected company (I won't name names) and they registered her business using her home address! You might not understand how bad this is at first so let me explain. When you start your company and file your original business filing, all of the information you put down is public record. Meaning if for instance a stalker wanted to know where you lived and you filed your business using your home address because you work from home, this person could just google your public business filing and I'm sure you can imagine how poorly this situation could play out.
Luckily for my friend, this was fixable and she had no such situation to worry about. Unluckily she paid for a service she could've done herself, and when it was done incorrectly, she had to pick up the pieces and correct the issues and she didn't even get her money back.
*Please note - if you've made a similar mistake when forming your business and you'd like to learn how you can correct it, continue reading.
This is just one of many examples of reasons why I decided to invest my time to assemble a way people can streamline their business forming process so they can spend their time doing what they love, working their magic and making their legally protected income.
Empower Yourself - Learn How To Start Your Business With My New E-book
“Some people dream of success, while other people get up every morning and make it happen.” - Wayne Huizenga
My new ebook How To Start A Small Business is the compilation of my work. In this book, I lay out a simple and concise formula that you can follow in order to start your own business, no matter what state you live in. This is the pattern that I have followed when starting all of my businesses and the best part is, I'll show you how to do everything entirely on your own!
Here I'll teach you topics like
How to form a Sole Proprietorship, General Partnership, LLC, Corporation
How to get a Trademark, Patent, or Copyright for your content
Proper Business Tax Filings and Mindset
Forming a Brick + Mortar Storefront
Annual Business Filing Practices
Tips, Tricks, Hacks, and Things to look out for in the Business World
and so much more!
Download my book now and gain the knowledge you need to start your own business today, all on your own. Your strength, determination, and intuition got you this far right?
It's a myth that you need to go to business school or hire someone to start your business for you. With my new book, you don't have to hire anyone, and at the end of the day, you can feel better having the information and the confidence gained from learning how to do it yourself. If I can build my own business from the ground up - anyone can.
Click the link below to download my new e-book and start your independent journey toward financial success. Available on Amazon Kindle, Apple Books, Kobo, & Smashwords. Your new life is waiting!