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Guide to Starting and Operating - Michigan

TABLE OF CONTENTS Introduction 1 Personal Assessment 2 Steps to Starting a Small business 3 business Plan Outline 14 Ways to Legally Structure a business and Registering a business Name 21 Licenses, Permits and Other Regulations 26 business Taxes 29 Being Self-Employed 32 Hiring Employees 34 Financing a business 40 Managing a business 43 Insurance 46 Selling to Government 48 Procurement Technical Assistance Centers (PTAC s) 49 Now What?

business; different forms of business organization; key elements of a business plan; complying with federal, state and local tax obligations; basics related to management, hiring, marketing, and more. Though this guide is not a substitute for legal or financial counsel, it is an information resource and quick

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