Below are things that you may need to get your home based business started. If you get lost at any point please let me know. Please call the state first to see what is needed for you to get started. How to start a business and get capital and a line of credit Things you need to do to get approved for business capital or a line of credit for $50,000 up to $250,000. The United State does not have a limit on how many tax ID numbers you can get so you can get up to $250,000 per tax ID number. 1. Figure out if you are going to have a profit or a non-profit business. 2. Think of a name for your business. 3. Get your business name trademarked. Trademarks & ServiceMarksUnited States Patent &Trademark Office (USPTO)(800) 786-9199 uspto.gov 4. Apply for a Employer Identification Number (EIN) with the IRS. IRS irs.gov/Businesses/Small-Businesses-&-Self-Employed/Apply-for-an-Employer-Identification-Number-(EIN)-Online 5. Get you business name assumed with the county you live in. Wayne County Assumed Names co.wayne.mi.us/clerk/assumed_names.htm 6. See if a license or permit is needed to run your business. State License Search Corporation (888) 522-0103 michigan.org/medc/services/license 7. Turn your business into a corporation. Apply for a C Corporation or a LLC. This will separate your business from your personal. Licensing and Regulatory Affairs michigan.gov/lara/0,4601,7-154-35299_61343_35413---,00.html See if a license is needed for your business with this department. 8. Open up a corporate business bank account. You will need your assumed name and your employer tax ID number paperwork. 9. Get a building for your business. If you cannot afford a building the I suggest you to rent a virtual business address. (Note you cannot use a home address or a P.O. Box or your application will not get approved. Regus regus/zsys/ncms/en-us/landing/searchengine/default-virtualoffice-generic-bullet4.aspx?keyword=Business%20Addresses&keyword1=Business%20Addresses&location=&pivcode=Google%20SEM%20VO%20Virtual%20Office&se=Google&cm_mmc=SEM-_-VOUS-_-Google-_-NA&gclid=CPy4iYutsboCFYpDMgodnCsAHg United Virtural Office unitedvirtualoffice/ 10. Register your business for a domain name. You are going to need a business website and a business email address. You will not to be able to use an AOL, Yahoo, MSN, Gmail, and other email accounts. Register register/index.rcmx?ab=true Go Daddy godaddy/ Network Solutions https://networksolutions/index-v2.jsp 11. Get you business registered with 411 directory. (Note: Before you register your business name make sure that it is not already taken with the United States Patent and Trademark Office go to uspto.gov/ and click on Search Marks if you cant find it search for it in the search bar.) List Yourself vip1.411listyourself/ (free) Fast411 fast411 (free) YellowPages https://adsolutions.yp/listings/basic/ (free) Verizon Wireless 1-800 722-0577 (To add your number to a wireless dtrectory. There is a monthly fee. This is not needed but it can help with business sells.) 12. Apply for a DUNS number:D&B D-U-N-S fedgov.dnb/webform (Note: A DUNS number is needed to bid on government contracts and to apply for some grants.) 13. Establish credit for your business. Vendors Tradelines You need to add 5 vendors to your credit account. Vendors are stores and companies that gives you a line of credit with them so that you can buy things needed for your business. You have to make sure that this company reports to one of the four business credit reporting companies. I suggest you to use stores and companies that you already shop at so that it will help you to build your business credit. Make sure you pay back what you used before the payment is due. When you pay ahead of time it helps your business credit score to go up. Do this for about 6 to 8 months before you apply for the big banks. A list of a few vendors: Laughlin Associates ITC Web Services Market Click Internet Marketing Inter-Tech Communication Inc. Strategie Network Solutions Monopolize Your Marketplace Paramount Payment Systems Radio ShackQuill Office Supply StaplesUline SuppliesMajestic Advertising Halo Branded Solutions Home Depot Grainger Industrial Supply Labor Ready Sherwin Williams 14. Check your business credit with the top four credit reporting bureaus. Dun & Bradstreet Credibility Corp. D & B dnb/mktsem/free-credit-report.html?serv=SEMGGLDBI-Non%20Brand-Commercial%20Credit%20Reports-commercial%20credit%20report-21201877545-1&mm_campaign=537c6714003759afae64770931c0930a&keyword=commercial%20credit%20report&utm_source=Google&utm_medium=CPC&utm_campaign=Non%20Brand&gclid=CN_ngMHysroCFYhcMgodcWgAHwor dandb/ Experian sbcr.experian/?link=5558&offercode=SBCRGooglebusiness%20credit%20reports&WT.ti=business%20credit%20reports&WT.srch=1 Equifax equifax/small-business/home/en_sb Trans Union transunion/corporate/small-business/small-business.page 15. If your credit is in good standing apply for one or more of the big banks for a business loan. The top business corporate banks are: (Note when applying for a loan make sure you apply for a business corporate loan and use your business information and not your personal.) Chase https://chase/business-banking/missionmainstreet?jp_cmp=bb/NationalNonBrandMBM/sea/na/BusinessBanking&MSC=IQ61753797-VQ2-g-VQ15-1t2-VQ16-c Bank of America https://bankofamerica/ Citi Group citigroup/citi/ Wells Fargo https://wellsfargo/ Small Business Administration (SBA) Go here to search for grants, small business loans, and for other sorces of venture capital. sba.gov/category/navigation-structure/loans-grants Non Profit Register your business as a non profit). Non Profit Forms michigan.gov/documents/dleg/BCS_CD_269_281961_7.pdf Federal Taxes, Employer Identification Numbers (EIN), Tax Exempt Status – 501(c)(3) Internal Revenue Service (800) 829-1040 irs.gov License to Solicit Funds/Registration as Charitable Trust Michigan Attorney General,Charitable Trust Section(517) 373-1152 michigan.gov/ag/0,4534,7-164-17337_18095---,00.html Application: michigan.gov/documents/f007-mast_app_license_fund_rais_40902_7.pdf A Michigans site that helps businesses: Guide to Starting a Small Business Michigan EconomicDevelopment michiganadvantage.org/Start-a-Business/Default.aspxState Other department that you may need to use: State Taxes Michigan Department of Treasury (517) 373-3200 michigan.gov/treasury Unemployment Insurance Department of Energy, Labor & Economic Growth, Unemployment Insurance Agency (800) 638-3994 michigan.gov/uia Workers Compensation Department of Energy, Labor & Economic Growth, Workers’CompensationAgency (888) 396-5041 michigan.gov/wca Doing Business with the State of Michigan Michigan Department of Management and Budget (517) 373-6227 bid4michigan Trademarks & Service Marks Department of Licensingand Regulatory Affairs,Bureua of Commercial Svcs,Corporation Division(517) 241-6470 michigan.gov/corporationsFederal Freecycle freecycle.org Small Business Financing Programs that provide venture capital, loans or grants or other forms of financial support for individuals or groups who want to establish or expand the operation of a small business. UNITED STATES SMALL BUSINESS ADMINISTRATION - MICHIGAN DISTRICT OFFICE 477 Michigan Ave. Suite 515 Mcnamara Building Detroit, MI 48226 (313) 226-6075 Main (313) 226-4769 Fax more info: SMALL BUSINESS DEVELOPMENT WAYNE COUNTY ECONOMIC DEVELOPMENT GROWTH ENGINE 500 Griswold St. Floor 30 Detroit, MI 48226 (313) 224-0410 Main (313) 224-8458 Fax more info: BUSINESS LOANS Proposal/Grant Writing Services Programs that help nonprofit organizations and other groups develop proposals to obtain outside funding from foundations, corporations, government and other sources. Steps in the proposal development process include clearly defining the project, its goals, objectives and outcomes; identifying likely funding sources; contacting funders for proposal guidelines and submission deadlines; developing the proposal including a statement of need, a description of the method and process for accomplishing goals and objectives, the method of evaluation, project timelines, organizational and/or staff credentials, a project budget, supporting materials and authorized signatures; submitting the proposal; and following up with the funding source to determine the status, evaluation and outcome of the proposal. DETROIT CITY COUNCIL - CITY PLANNING COMMISSION 2 Woodward Ave. Suite 202 Coleman A Young Municipal CenterDetroit, MI 48226 (313) 224-6225 Main (313) 224-4336 Fax more info: PROPOSAL/GRANT WRITING SERVICESNEIGHBORHOOD OPPORTUNITY FUND (NOF) MICHIGAN NONPROFIT ASSOCIATION METRO DETROIT OFFICE 28 W Adams Suite 1500 Detroit, MI 48226 (313) 394-1980 Main more info: ASSISTANCE FOR NON-PROFIT AGENCIES YOUTH DEVELOPMENT COMMISSION 1274 Library St. Detroit, MI 48226 (313) 963-8916 Main (313) 963-8937 Fax more info: PROPOSAL/GRANT WRITING SERVICES Program Development Funds Foundations and other funding organizations that provide monetary support which recipient agencies may use to fund the establishment or expansion of specific projects or services. UNITED WAY OF WASHTENAW 2305 Platt Rd. Ann Arbor, MI 48104 (734) 971-8200 Main more info: PROGRAM DEVELOPMENT FUNDS JUNIOR LEAGUE OF BIRMINGHAM MICHIGAN 460 N Old Woodward Birmingham, MI 48009 (248) 203-9841 Main (248) 203-9847 Fax more info: PROGRAM DEVELOPMENT FUNDS BLACK UNITED FUND OF MICHIGAN 2187 W Grand Blvd. Detroit, MI 48208 (313) 894-2200 Main (313) 894-7562 Fax more info: FEDERATED GIVING PROGRAM HANNAN FOUNDATION (THE) 4750 Woodward Ave. Detroit, MI 48201 (313) 833-1300 Main (313) 833-1710 Fax more info: PRIVATE FOUNDATION UNITED WAY FOR SOUTHEASTERN MICHIGAN 660 Woodward Ave. Suite 300 First National Building Detroit, MI 48226 (313) 226-9361 Intake more info: GRANT FUNDING FOR ORGANIZATIONS2012 INVESTMENT PROCESS CORPORATION FOR NATIONAL AND COMMUNITY SERVICE LEARN AND SERVE AMERICA - MICHIGAN 608 W Allegan St. Michigan Department Of Education Lansing, MI 48933-1524 (517) 373-1376 Main (517) 335-4565 Fax (517) 335-4295 Alternate Michigan Community Service Commission more info: VOLUNTEER DEVELOPMENTLEARN AND SERVE AMERICA UNITED WAY OF MONROE 216 N Monroe St. Monroe, MI 48162 (734) 242-1331 Main more info: PROGRAM DEVELOPMENT FUNDS NORTH WOODWARD COMMUNITY FOUNDATION 1120 E Long Lake Suite 205 Troy, MI 48085 (248) 740-7600 Main more info: PROGRAM DEVELOPMENT FUNDS Microenterprise Financing Programs that provide venture capital, loans, grants or other forms of financial support for individuals who want to establish or expand the operation of very small businesses known as microenterprises or microbusinesses. A microenterprise is a business, which may be located in an urban, suburban or rural setting, with five or fewer employees and capital needs of less than $25,000. Many start as home or yard-based businesses, have part-time operations, and may be created by nontraditional entrepreneurs such as women, minorities, low-income individuals, and dislocated or underemployed workers. Most provide an opportunity for low-income households to become more self-sufficient. CENTER FOR EMPOWERMENT AND ECONOMIC DEVELOPMENT 2002 Hogback Rd. Suite 17-18 Ann Arbor, MI 48105 (734) 677-1400 Main (734) 677-1465 Fax more info: MICROENTERPRISE LOAN MICROLOANS Nonprofit Corporation Development Programs that provide technical assistance, start-up grants or other forms of management or financial support for individuals or groups who want to establish a nonprofit agency or expand the services of an agency that operates on a not-for-profit basis. Nonprofit organizations are entities that serve a sacramental function, provide services for the public benefit, provide advocacy services, operate primarily for the mutual benefit of their members or are private foundations whose primary function is to transfer funds to other nonprofit organizations. COMMUNITY LEGAL RESOURCES 615 Griswold Suite 1805 Detroit, MI 48226 (313) 962-3171 Main (313) 962-0797 Fax more info: LEGAL AID FOR COMMUNITY-BASED ORGANIZATIONS MICHIGAN NONPROFIT ASSOCIATION METRO DETROIT OFFICE 28 W Adams Suite 1500Detroit, MI 48226 (313) 394-1980 Main more info: ASSISTANCE FOR NON-PROFIT AGENCIES MICHIGAN NONPROFIT ASSOCIATION 330 Marshall Street Suite 200 Lansing, MI 48912 (517) 492-2400 Main more info: ASSISTANCE FOR NON-PROFIT AGENCIES Business Plan Development Programs that help nonprofit organizations, small businesses and other groups that are in the process of considering a new venture or restructuring current products and services develop a business plan which constitutes the combination of a marketing plan, a strategic plan, an operational/management plan and a financial plan. Business plans generally include an executive summary which states the purpose of the organization, its legal standing and the goals of the business plan; a description of the organization, its services, location, management structure, personnel, method of record keeping, insurance and security; an analysis of the market including an industry description and outlook, target market information, market test results, lead times, and an evaluation of the competition; financial documents including a summary of the organizations financial needs, a budget, a three-year projection, actual performance standards, balance sheet, income statement and financial history; and appendices for supporting documents, e.g., credit history (personal and business), resumes of key managers, letters of reference, contracts and other legal documents. CENTER FOR EMPOWERMENT AND ECONOMIC DEVELOPMENT 2002 Hogback Road Suite 17-18 Ann Arbor, MI 48105 (734) 677-1400 Main (734) 677-1465 Fax more info: BUSINESS PLAN DEVELOPMENT Local Business Licenses/Permits City or county offices that issue licenses, permits or other authorizations which enable businesses to operate legally within the local jurisdiction. Included are general business licenses which are required of all businesses within a particular city or county and licenses which allow specific types of regulated businesses to operate legally. CHESTERFIELD TOWNSHIP 47275 Sugarbush Road Chesterfield, MI 48047 (586) 949-0400 Main (586) 949-4108 Fax more info: BUSINESS LICENSES/PERMITS DEARBORN CITY 13615 Michigan Avenue Dearborn City Hall Dearborn, MI 48126 (313) 943-2010 Main more info: BUSINESS LICENSES/PERMITS BUILDINGS, SAFETY ENGINEERING AND ENVIRONMENTAL DEPARTMENT 2 Woodward Avenue Suite 401 Coleman A Young Municipal Center Detroit, MI 48202 (313) 224-2733 Main (313) 224-0374 Administrative( 313) 224-4996 Fax more info: BUSINESS LICENSES/PERMITS DETROIT POLICE DEPARTMENTCENTRAL DISTRICT 7310 Woodward Detroit, MI 48201 (313) 596-1954 Service/Intake City Clerk Business Licenses and Permits (313) 596-1300 Main more info: BUSINESS LICENSES/PERMITS EASTPOINTE CITY23200 Gratiot Avenue Eastpointe, MI 48021 (586) 445-5026 Main(586) 445-5026 ext. 2202 Service/Intake Licensing Questionsmore info: BUSINESS LICENSES/PERMITS FARMINGTON HILLS CITY 31555 West Eleven Mile Road Farmington Hills, MI 48336 (248) 871-2410 Main City Clerk more info: BUSINESS LICENSES/PERMITS FERNDALE CITY 300 East Nine Mile Road Ferndale, MI 48220 (248) 546-2384 Main City Clerk (248) 546-2369 Fax more info: BUSINESS LICENSES/PERMITS HAMTRAMCK CITY 3401 Evaline Street Hamtramck, MI 48212 (313) 870-0343 Main City Clerk more info: BUSINESS LICENSES/PERMITS HAZEL PARK CITY 111 East Nine Mile Road Hazel Park, MI 48030 (248) 546-4064 Main City Clerk more info: BUSINESS LICENSES/PERMITS HIGHLAND PARK CITY 12050 Woodward Avenue Robert Blackwell Municipal BuildingHighland Park, MI 48203 (313) 252-0050 ext. 222 Service/Intake City Clerk more info: BUSINESS LICENSES/PERMITS LINCOLN PARK CITY 1355 Southfield Road Lincoln Park, MI 48146 (313) 386-1800 ext. 247 Main City Clerk more info: BUSINESS LICENSES/PERMITS MADISON HEIGHTS CITY 300 West Thirteen Mile Road Madison Heights, MI 48071 (248) 583-0826 Main more info: BUSINESS LICENSES/PERMITS MONROE CITY 120 East First Street Monroe, MI 48161 (734) 384-9157 Main City Clerk (734) 243-8683 Fax more info: BUSINESS LICENSES/PERMITS MOUNT CLEMENS CITY One Crocker Boulevard Mount Clemens, MI 48043 (586) 469-6818 ext. 3 Main City Clerk (586) 469-7603 more info: BUSINESS LICENSES/PERMITS OAK PARK CITY 13600 Oak Park Boulevard Oak Park, MI 48237 (248) 691-7544 Service/Intake City Clerks Office (248) 691-7167 Fax more info: BUSINESS LICENSES/PERMITS PONTIAC CITY 47450 Woodward Avenue Pontiac, MI 48342 (248) 758-2800 Main Department of Community Development (248) 758-2827 Fax more info: BUSINESS LICENSES/PERMITS REDFORD TOWNSHIP 15145 Beech Daly Redford, MI 48239 (313) 387-2750 Service/Intake Township Clerk (313) 387-2707 Fax more info: BUSINESS LICENSES/PERMITS ROSEVILLE CITY 29777 Gratiot Roseville, MI 48066 (586) 445-5443 Main City Clerk more info: BUSINESS LICENSES/PERMITS ROYAL OAK CITY 211 South Williams Street Royal Oak, MI 48067 (248) 246-3050 Main City Clerk more info: BUSINESS LICENSES/PERMITS SAINT CLAIR SHORES CITY 27600 Jefferson Circle Drive Saint Clair Shores, MI 48081 (586) 477-3340 Main more info: BUSINESS LICENSES/PERMITS SOUTHFIELD CITY 26000 Evergreen Road Southfield, MI 48076 (248) 796-5150 Main City Clerk (248) 796-5155 Fax more info: BUSINESS LICENSES/PERMITS STERLING HEIGHTS CITY 40555 Utica Road Sterling Heights, MI 48313 (586) 446-2420 Main City Clerk more info: BUSINESS LICENSES/PERMITS TAYLOR CITY 23555 Goddard Road Taylor, MI 48180 (734) 287-6550 Main more info: BUSINESS LICENSES/PERMITS BEDFORD TOWNSHIP 8100 Jackman Road Temperance, MI 48182 (734) 847-6791 Main (734) 847-7809 Fax more info: BUSINESS LICENSES/PERMITS TROY CITY 500 West Big Beaver Road Troy, MI 48084 (248) 524-3317 Service/Intake City Clerks Office more info: BUSINESS LICENSES/PERMITS WARREN CITY 1 City Square Warren, MI 48093 (586) 574-4520 Main (586) 574-4556 Service/Intake City Clerks Office more info: BUSINESS LICENSES/PERMITS WATERFORD TOWNSHIP 5200 Civic Center Drive Waterford, MI 48329 (248) 674-6266 Main Township Clerk (248) 674-5466 Fax more info: BUSINESS LICENSES/PERMITS YPSILANTI TOWNSHIP 7200 South Huron River Drive Charter Township Of Ypsilanti Ypsilanti Township, MI 48197 (734) 485-3943 Main Community Standards Dept.(734) 484-5156 Fax more info: BUSINESS LICENSES/PERMITS
Posted on: Wed, 21 May 2014 00:54:57 +0000