Before you start your business

Before you start your own business, there are a few things to consider. Make sure you understand the personal responsibilities and challenges ahead of you.

Make sure you’re ready

Is the timing right for you to start your business? Use the Readiness Assessment Guide from the U.S. Small Business Administration (SBA) to find out if you’re on the right track.

Write a business plan

Every great business begins with a plan. And while that plan will evolve over time, this initial document will serve as your guide over the next 3-5 years.

Use the SBA’s guide for writing a business plan to get started. You can request assistance from the Massachusetts Small Business Development Center to refine your plan.

Choose a business structure

Each business structure has specific legal and tax requirements that you should consider. Use the information from the SBA to research business structures before you decide.

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