Starting a Business in Milford

Starting A Business

Starting a business should be an exciting time, not a difficult one. From registering with the State to hiring qualified employees, our Starting a Business checklist will help you walk you through the most common steps.

THE BASICS

Register With the State
Register your company with the State as a sole proprietor, LLC, S-Corp or C-Corp. Not sure which is best? Find a local attorney to help you through the process.

EMPLOYER ID NUMBER

Apply for an Employer Identification Number (EIN). It’s free and easy to do yourself; or have an attorney help!

TAX ID NUMBER

A sales tax number is required but that doesn’t mean it has to be difficult. Have an accountant help you register to ensure all steps are covered.

BANK ACCOUNT
All that money needs to go somewhere! Open a business bank account to keep your earnings safe and secure.

ACCOUNTING

Setting up a strong accounting system is a crucial step in a business’ money management. Find the right accountant for your business.

INSURANCE
Keep your business secure by setting up an insured coverage plan for your business.

ADDITIONAL RESOURCES
Not sure where to go from here? Find guidance, business plans and cashflow advice to keep your business on the upward trajectory. 

NEXT STEPS

Learn how to navigate the maze of business licensing requirements, including:

 Prepare your business for the hiring and firing process before bringing on employees.

LAUNCH YOUR BUSINESS
Congratulations, you did it! To get the word out, celebrate your opening with a well-publicized Milford Regional Chamber Ribbon Cutting & Grand Opening celebration. Next, make connections through the Chamber's networking opportunities and utilize the Milford Regional Chamber's many powerful and cost effective ways to market your new business. Give your new business a strong beginning and a lifetime of support--Join the Milford Regional Chamber!

 

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