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| Checklist | Get an accounting and record-keeping system. Learn about the taxes your new company is responsible for paying.
The documents of the company are generally required to be kept for 3 years, including: a list of all owners and addresses, copies of all formation documents, financial statements, annual reports, amendments or changes to the company. The same rule is with all tax and corporate filings; they should be kept for at least 3 years.
Remember to get a business insurance. With many types of insurance for businesses they are usually packaged as “General Business Insurance” or a “Business Owner’s Policy”. Such policy can cover everything, even the company vehicles. An appropriate policy can run as little as $300/year and offers a great extra level of protection.
Try to make the operational aspect of the business as automated and efficient as possible so you can concentrate on growing your business.
Business cards, letterhead and promotional materials for your business will help to develop a business identity. A professional logo can make your business look established.
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