Follow these exact steps and you will know how to start a business in 2025 Once your ready to launch then get a free trial of the CRM I used to manage my businesses: https://bit.ly/4f0m0VS Running a business is tough. However, in 2022, how to start a business is easier than it's ever been. You can literally get started with very little capital and right from your house. But you need to take the right steps, so you avoid any pitfalls later on. Because if you're taking shortcuts then you likely will be burned in the future. So, in this video, I will go over 15 steps for how to legally start a business in 2021 and likely in 2022 the steps will be similar as well. I'm going to touch on business banking, entity selection (pros & cons), and other small yet important details, so you can get to your launch. Video Outline for How to Start a Business: Intro: (0:00) 2021 is the Best time to start a business: (0:29) Business Plan: (1:30) Choose Business Entity: (3:09) What is a sole proprietorship?: (3:35) Sole proprietorship CONS: (3:35) What is a general partnership? (4:50) C Corporation CONS: (5:37) LLCs: (7:10) Step #4: (8:35) Step #5: (9:05) Step #6: (9:45) Step #7: (10:07) Step #8: (10:30) Step #9: (11:29) Step #10: (11:59) Watch this next: "How to Start a Business WITHOUT money" https://youtu.be/uCoFeOLQMus More Popular Videos: 5 Grants to Start a Small Business: https://youtu.be/FweABu-XPNM Single Member LLC, What You Must Know: https://youtu.be/iHy1xLYqS6Q Tax Planning for Beginners: https://youtu.be/6pEkMBQJc6A Tax Secrets: https://youtu.be/kZjPHzJZ844 How to Start a Business: https://youtu.be/gEICb03wQng Interested in talking with someone from our team? Sign up to get notified when we are accepting new clients here: https://lyfeaccounting.com/coming-soon/ /// Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live). And please help us out by liking this video, comment if you have questions, and subscribe for more :)