: If you need funding, look beyond traditional banks. Digital lending platforms are soaring in 2018, offering faster application and dispersal times for SME loans. 5. Build Your Digital Presence
: Register your business name and check for required permits. Even home-based businesses may need specific zoning clearances or licenses.
: Apply for a free Employer Identification Number (EIN) via the IRS. This is your "business social security number" required for opening bank accounts and hiring. Setting Up a Small Business in 2018
Setting up a business in 2018 requires balancing these new tax advantages with a commitment to digital-first operations. For further guidance on getting started, refer to the official SBA 10-step guide. 10 Steps to Start Your Business - SBA
The biggest story for 2018 startups is tax reform. Most small businesses in the U.S. operate as (like LLCs or Sole Proprietorships), where profits are taxed at the owner's individual rate. : If you need funding, look beyond traditional banks
Before you register, you need a roadmap that accounts for current market trends.
: Under Section 179 , the deduction limit for equipment like computers and office furniture has doubled from $500,000 to $1 million . Build Your Digital Presence : Register your business
Navigating the Entrepreneurial Wave: Setting Up Your Small Business in 2018