{"content":[{"text":"Checklist for","bbox":{"left":0.549467,"top":0.04531,"width":0.17629899999999998,"height":0.034716}},{"text":"LGH Consulting, Inc.","bbox":{"left":0.121028,"top":0.059958,"width":0.25793,"height":0.027817999999999996}},{"text":"Every year thousands of new businesses are started by optimistic individuals with \n the entrepreneurial spirit. If you’re planning to be among those starting a new \n business, take the steps that will increase your chances of being among those \n who succeed. Here’s a checklist to help you get off to a good start.","bbox":{"left":0.154412,"top":0.226647,"width":0.796801,"height":0.09062999999999999}},{"text":"■ Create a written business plan \n The process of writing the plan will be as useful \n as the finished plan itself. Write a description of \n your business operations that can be understood \n by those outside your industry, trade, or service \n specialty. It is very likely that a banker will need \n to know what your business is all about. Include \n an honest assessment of your market and compe- \n tition. Will you be selling by retail outlet, mail \n order, trade shows, online, etc.? Include biogra- \n phies on the business owners and key employees.","bbox":{"left":0.04085,"top":0.347722,"width":0.427993,"height":0.20045000000000002}},{"text":"■ Select a good location \n Location is a very important factor in a business’s \n success. Decide whether it’s best to rent or own \n your building, and then evaluate different sites.","bbox":{"left":0.531046,"top":0.348969,"width":0.42361799999999994,"height":0.08022400000000002}},{"text":"■ Choose your business form \n Choose the best form under which your business \n should operate – sole proprietor, partnership, \n regular corporation, S corporation, or limited \n liability company.","bbox":{"left":0.531046,"top":0.443236,"width":0.42450199999999993,"height":0.09726999999999991}},{"text":"■ Prepare projections \n Prepare projected sales and expense statements for \n the first year or two of business operations. When \n will cash be needed for various expenses and \n where will it come from? Plan your cash needs \n carefully and realistically, and provide a generous \n cushion for setbacks and unexpected expenses.","bbox":{"left":0.04085,"top":0.560398,"width":0.42581800000000003,"height":0.13136000000000003}},{"text":"■ Obtain your permits and licenses \n Obtain the necessary permits and licenses for \n your business. Review any regulations that may \n apply to your business.","bbox":{"left":0.531046,"top":0.554549,"width":0.416604,"height":0.08022499999999999}},{"text":"■ Get your numbers \n Apply for the necessary federal and state identifi- \n cation numbers, and get information about the \n taxes that will apply to you.","bbox":{"left":0.531046,"top":0.648186,"width":0.424505,"height":0.08022399999999996}},{"text":"■ Assess financing needs \n Most new businesses need capital. Decide \n whether the financing should come from lenders \n or additional owners of the business.","bbox":{"left":0.04085,"top":0.703984,"width":0.42511899999999997,"height":0.08022399999999996}},{"text":"■ Understand your tax responsibilities \n Your business will have new tax responsibilities \n such as: \n • payroll taxes for employees \n • worker’s compensation \n • unemployment insurance \n • sales taxes \n • property taxes \n • excise taxes \n • business income tax","bbox":{"left":0.531046,"top":0.742454,"width":0.41062699999999996,"height":0.18976800000000005}},{"text":"■ Use the right financing \n Don’t use short-term debt to finance long-term \n items. You would not buy a home on credit cards \n for obvious reasons. Likewise, you should not use \n short-term bank loans to finance your inventory, \n equipment, and other business expenses. It will \n be important to your banker that you recognize \n the need for the right financing before you are in \n a crisis situation.","bbox":{"left":0.04085,"top":0.796434,"width":0.427835,"height":0.16544999999999999}}],"images_bbox":[{"left":-0.009422,"top":0.113212,"width":0.170209,"height":0.051606},{"left":-0.009422,"top":0.112985,"width":0.170209,"height":0.000621},{"left":0.138716,"top":0.124424,"width":0.003923,"height":0.023879},{"left":0.143814,"top":0.125864,"width":0.01255,"height":0.023045},{"left":0.157931,"top":0.124424,"width":0.002355,"height":0.008652}],"images_bbox_not_text_overlap":[{"left":-0.009422,"top":0.113212,"width":0.170209,"height":0.051606},{"left":-0.009422,"top":0.112985,"width":0.170209,"height":0.000621},{"left":0.138716,"top":0.124424,"width":0.003923,"height":0.023879},{"left":0.143814,"top":0.125864,"width":0.01255,"height":0.023045},{"left":0.157931,"top":0.124424,"width":0.002355,"height":0.008652}]}