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Key Economic Indicators 
Item  Rate 
CPI: 0.1% (Jul 2017) 
GDP Growth:   3% (2ndQTR 2017)
Bank Prime Interest Rate:   4.25%
Consumer Confidence:  122.9% (Aug 2017) 
Small Biz Confidence:  105.2% (Jul 2017) 
Avg Gas Price:  $2.66 












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Key Steps To Forming The Business

The following sequence of steps is a good way to go about forming the business:


  1. Pick A Business Name:  The name you chose for the business should give an indication as to the nature of the business.  It should be unique and easy to remember.  Check with the State in which you intend to register the name to verify that it is not already taken.  You should also do a search on the web.

  2. Get The Domain Name Registered:  Research the name on the Internet and ensure that it is not already taken.  If it is not taken, register the Domain Name.  Your website name and the email account information you put on your business card should reflect your business name. That is why it is important to register your business name as your Domain Name.

  3. Obtain A Professional License or Permit If Required:  Some businesses require a "Professional License" or "Permit" in order to operate legally.  This differs from state to state.  Click on the link to find out more.

  4. Find A Location For The Business:  Once you start registering your business with the States they will ask for the business address.  You want to have this ready.

  5. Determine The Type Of Organization: Determine how the business will be organized, i.e., Sole Proprietorship, Partnership, Corporation, etc.

  6. Determine Where You Want To Register The Busienss:  Chose between a State Corporation, Delaware Corporation or a Nevada Corporation.

  7. Register The Business:  If you decided on a State entity, then register the business with the respective State.  If you decided to go with a Delaware or Nevada Corporation.  Register with those respective entities.  However, if you register as a Delaware or Nevada corporation and you will be selling products or have an presence (office) in other States, you must also register with those states as a "Foreign Corporation".  This applies also if you register your business in one state and will sell products  or maintain a presence (office) in other states.  Registering the business with the respective State makes it legal for you to operate as a business entity that state.

  8. Obtain A FEIN (Federal Employer Identification Number) From The IRS:  This is the tax ID that identifies you as a business entity with the Federal Government for the purpose of paying taxes.

  9. Register The Business With The County:  You have to file a copy of your Incorporation papers with the respective County in which the business is located.

  10. Obtain A Sales Tax ID From The State:  If you are selling goods you have to obtain a Sales Tax ID form the State which establishes an account for the business to pay Sales Taxes.

  11. Obtain A Business LIcense Ffrom The Local Municipality:  You have to obtain a Business License from the City or township in which the business is located.  A business license makes it legal for your business to operate in the respective City or township.  Go to the City Hall of the city or township you will will be located in to register.








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