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.
Milford Regional Chamber of Commerce, Inc.
© 2019 · All Rights Reserved
1201 Boston Post Road, Unit 1100
Milford CT, 06460
(203) 878-0681 · Fax: (203) 876-8517
Whether you are a business or family looking to vacation, re-locate, or shop, Milford offers unlimited opportunities of all types. So, come visit us and you will understand why we are known as “the small city with a big heart.”
