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Business Tips Wednesday: Filling Out the Forms

2nd April 2008

Business Tips Wednesday: Filling Out the Forms

If you’ve ever tried to start a business, you probably know that there are a variety of forms that need to be completed to make your dream of owning a business a reality.  Some of the forms that need to be completed will vary by state or even by the city or county in which you live, and it isn’t possible to list all of those on this blog.  We can, however, cover some of the major forms you may have to complete and, since this is Business Tips Wednesday, we will.

Form Generator #1:  The IRS – Starting a new business means taxes, and there will certainly be forms that must be completed to make sure your taxes are assessed correctly and paid on time.  The IRS provides a website with forms and instructions for filing your papers and paying your taxes.  If you want to absolutely sure you’ve covered all your bases it is probably a good idea to retain a CPA who can go over your paperwork, bookkeeping and tax records at least once a year.

Form Generator #2:  Starting Your Small Business By the Book –  There are numerous books that claim to be able to walk you through the process of starting your small business, and also claim to contain all the forms you will need.   Books like Legal Forms for Starting and Running a Small Business can help you get started.   It is always best, however, to consult a lawyer in your state to be sure you are completing all the necessary forms.

Form Generator #3: Small Business Websites –  Entrepreneur.com  offers a wide variety of forms that may be of help.  The U.S. Small Business Administration is a government entity that also provides a website which offers primarily advice.  The SBA may be a good place to start if you are considering starting a business. 

While not necessarily a form generator, another place where you can get valuable advice and perhaps find someone who will mentor you as you take your first steps into the business world is SCORE.   This organization consists of both working and retired business owners who donate their time and knowledge to help the businesses of others grow.  SCORE has chapters in many cities and can be of great help when you are first starting your business.

Another option when seeking help with forms and with starting your business is your local Chamber of Commerce.  Part of the charter of most Chambers of Commerce is to help develop businesses within the local community.  Your Chamber of Commerce can also be a great source of referrals and a great way to meet other business people.  The U.S. Chamber of Commerce website offers a chamber directory which will allow you to find a Chamber of Commerce in your area.

Starting a small business can be very exciting, but it can also be stressful and confusing.  Taking advantage of some of the resources listed above can help you preserve your excitement and optimism and make starting your small business easier than you had thought it would be.

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