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NARRATOR: The Company Corporation presents 10 steps to starting a business. Ready? Let's begin.

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Number one, write a business plan. Form goals and objectives for your new company. Start with a detailed outline of what you plan to accomplish.

Number two, set up a legal business structure. Setting your company up as a corporation or LLC are popular entity structures for many small businesses. This protects owners' personal assets from business debts and liabilities.

Number three, obtain startup capital. Whether you use your own savings or obtain loans, starting a business requires money. And the process can take months to complete, so start early.

Number four, obtain a Federal Employer Identification Number, otherwise known as an EIN. Incorporated businesses that hire employees must have one of these. They are issued by the IRS.

Number five, satisfy business licensing requirements. Most state, county, and local governments require businesses to obtain licensing before they begin to operate.

Number six, establish a web presence. Having a website is essential in today's business world of internet searches and social media. Register a URL that is memorable and relevant to your company and/or industry.

Number seven, develop business collateral. Businesses use customized letterhead, cards, and forms with their company name, logo, and website to establish credibility.

Number eight, open a bank account and merchant account. To protect their corporate or LLC veil, businesses must maintain separate business and personal accounts and records.

Number nine, identify where to get help. Know where and when to seek advice from other sources, such as attorneys and accountants, to assist you with specific questions about your business. Establish a board of advisors or mentors to help you along the way.

Number 10, follow government rules. Operating a business means satisfying ongoing government and legal requirements to maintain the company's good standing. Stay aware of the steps needed to maintain your company status.

Join the over half a million small business owners that have turned to Company Corporation to help them get started. Read more tips at www.incorporate.com/tasks.

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