May 19, 2006, Newsletter Issue #16: Small Business Requirements

Tip of the Week

When you're ready to invest in a small business, you'll have a lot of choices to make. Many questions might pop up in your mind:

Do I want to start a small business from scratch by myself?
Do I want a partner?
Does a small business franchise sound like a less risky means of starting a small business?

You'll also need to investigate the requirements of your local town and state. You'll probably need a business license and (depending on the name of your business). You might even need to find a fictitious business name statement.

If you've never owned a business before, make sure you have some competent advisors (such as an attorney and an accountant) that you can utilize to help analyze any business in which you invest.

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