Ten Essential Steps To Start A Business In Seattle 2014
Ten Essential Steps to Start aBusiness in Seattle1.Obtaining Basic Information . 22.Developing a Business Plan . 33.Financing Your Business . 44.Registering Your Business . 55.Licensing Your Business: State Licenses . 56.Licensing Your Business: Local Licenses . 67.Obtaining Necessary Permits . 78.Understanding Tax Regulations . 99.Additional Support: Technical Assistance and Consulting . 1110.Ensuring Compliance with Employer Responsibilities . 12Compiled by the City of Seattle’s Office of Economic Development, updated 2014http://www.seattle.gov/economicdevelopment/
1.Obtaining Basic InformationPrior to starting a business, entrepreneurs can diminish risks, and thereby increasethe chance of success, with planning and preparation. A host of resources areavailable for entrepreneurs seeking general information.The Seattle Public Library provides electronic and print resources thatentrepreneurs can use to start and grow a business. Resources include trade journals,market research information, demographic tools, business directories, general howto guides, and much more. Most of the electronic resources can be accessed fromoutside the library with a library card and PIN: -research/business-finance-and-fundraising. Businessinformation isn’t always easiest to find, and questions can be asked in person, byphone (206) 386-4636, or electronically through the Ask a Librarian help/ask-a-librarian.The Seattle Public Librarywww.spl.orgThe Business, Science, and Technology Desk is located on level seven.The U.S. Small Business Administration (SBA) has created a series of onlineresources available for entrepreneurs. The Small Business Resource Guide includespages of ideas, references, and suggestions covering issues related to starting abusiness, and it provides a listing of financing options available through SBA. A PDFversion of the resource guide is available sourceguide 3157.pdfSBA Seattle District Officehttp://www.sba.gov/wa or 6) 553-73102401 Fourth Avenue, Suite 450Seattle, WA 98121Monday-Friday8:00 am-4:30 pmThe Washington State Department of Revenue (DOR) has a lot of great resourcesfor new businesses in Washington state. Information can be found and linked tothrough here: http://dor.wa.gov/content/doingbusiness/Washington state’s Office of the Secretary of State (SOS) has a lot of greatinformation and resources here: http://www.sos.wa.gov/corps/.Access Washington has information here: http://access.wa.gov/topics/business2
The Governor’s Office of Regulatory Assistance offers small business assistancehere: http://www.ora.wa.gov/business.asp2.Developing a Business PlanA business plan articulates what a business is, where it is going, and how anentrepreneur wants to take it there. A business plan will likely include a summary, acompany description, a marketing plan, an operations plan, and management andorganization information. A business plan is critical, because without a business plan,a business may fail. Most banks require a business plan prior to lending.The SBA provides a business plan outline e/starting-managing-business/starting-businessTwo critical elements of a business plan:Determining the Legal Structure of the Business Determining the form for your business will impact the organization’s tax status,the number of tax returns to file, owners’ liability protection, and earningsdistribution. In Washington, entrepreneurs have seven general options, andshould consider the advantages and disadvantages of each in connection with theventure:o Sole Proprietorshipo Partnership (General or Limited)—Partnerships are governed by Title 25 of the RCWo Corporations (Type S or Type C)—For-profit corporations are governed by Titles 23 and 23b of the RCWo Limited Liability Corporations (LLCs)—LLCs are governed by Title 25 of the RCWo Limited Liability Partnerships (LLPs)—LLPs are governed by Title 25 of the RCW Information about each form is available through the Washington Secretaryof State at: http://www.secstate.wa.gov/corps/registration structures.aspxor through the SBA’s Washington-focused resource guide se-your-business-stru Entrepreneurs may wish to obtain legal advice prior to making a decision.The SBA maintains an online resource guide providing small businessowners around the country with general information about choosing abusiness structure and hiring an attorney: http://business.usa.gov/Determining the Business Name A business’ legal name is filed with the Washington Secretary of State’s office.The Secretary of State’s office ensures each registered business in Washingtonexists with an exclusive legal name. The Secretary of State provides a webpage3
chronicling registered business entities The Washington state Dept. of Licensing (DOL) provides business searchfeatures here: http://www.dol.wa.gov/business/checkstatus.html, the Dept. ofRevenue (DOR) provides business search features herehttp://bls.dor.wa.gov/LicenseSearch/ and ermybusiness/brd/, andWashington’s Secretary of State (SOS) provides business search features here:http://www.sos.wa.gov/corps/corps search.aspx.To find a Seattle business, click here: nancing Your BusinessA series of local organizations and agencies are available to provide financialassistance to entrepreneurs starting a business.Community Capital Development (CCD)CCD provides small business loans and technical assistance for small businessesthrough the Business Assistance Center. The Business Assistance Center alsoprovides one-on-one assistance to help entrepreneurs put together a business plan.CCD maintains an online resource accessible at: http://www.seattleccd.com/ or maybe contacted at (206) 324-4330.Craft3Craft3 is a nonprofit community development financial institution with a mission tostrengthen economic, ecological, and family resilience in Pacific Northwestcommunities. Craft3 offers small business loans and technical assistance to lowincome entrepreneurs and businesses that create family wage jobs in low-incomecommunities: http://www.craft3.org/Home or (206) 447-9226.Small Business Administration (SBA)The SBA also offers small business loans.The Seattle office of the SBA maintains a search feature for lenders based t/2/3157There is also information about small business loans, grants, and other ion-structure/loans-grantsEvergreen Business CapitalEvergreen is a nonprofit organization which acts as an intermediary betweenentrepreneurs and two federal government commercial loan programs— the SBA4
504 loan program and the Rural Loan Fund, targeting small business in ruralWashington.More detailed information about Evergreen’s lending procedures is available at:http://www.evergreen504.com/ or may be contacted at (206) 622-3731.Washington CASHWashington CASH, a community-based nonprofit, provides training and lendingservices for low-income women, people with disabilities, immigrants, and other lowincome individuals in order to support startup or expansion activities. WashingtonCASH maintains a website accessible at: http://www.washingtoncash.org/ or may becontacted at (206) 352-1945.4.Registering Your BusinessThe Washington Secretary of State is the chief corporations officer in Washingtonstate. Prior to obtaining any license, an entrepreneur should register with thecorporate division of the Secretary of State’s office. Corporate organizing documentsmust be approved before the organization’s legal existence may begin. A summaryof registration and business renewal requirements as well as registration forms areavailable at: http://www.sos.wa.gov/corps/all-services.aspxThe Department of Revenue has information about registering a business terMyBusiness/Access Washington has questionnaire to help know if registering your business isneeded: naireFor registering out-of-state businesses, information can be found on DOR’s s/BusinessTypes/doingBus OutOfStBus.aspx5.Licensing Your Business: State LicensesBusinesses incorporating in Washington State are required to obtain a state businesslicense. The Washington state Department of Licensing (DOL) provides regulatoryauthority over various licensing services, but the Department of Revenue (DOR)processes business license applications and runs the Business Licensing Service(BLS). Obtaining a Washington state business license requires filing an applicationwith BLS. Information about BLS is available here: .gov/business/, or you may call 1-800-451-7985.5
The BLS application can be used to obtain a Unified Business Identifier (UBI) numberand to register trade names. A trade name provides a record of all owners of abusiness and is any name used in the course of business that does not include the fulllegal name of all owners of the business. The right to use a trade name belongs tothe entrepreneur first using a given name in connection with the business. If a tradename is not registered, the business entity itself may not be party to a lawsuit. Tradename information can be found here: http://bls.dor.wa.gov/tradename.aspxAccess Washington also has information licenses, permits, and inspections permitsinspections6.Licensing Your Business: Local LicensesIn addition to state licensing requirements, entrepreneurs may need to comply withcity and/or county licensing requirements for each operation. Businesses operatingin Seattle come under the jurisdiction of King County and City of Seattle regulations.King CountyKing County does not require a general business license. Any business operatingwithin the city limits of any of the major cities within King County is required to havea city business license (see below). However, if a business is located inunincorporated King County – an area outside of city limits – and engages in aregulated activity, a King County regulatory license must be obtained for eachregulated activity. The King County Department of Permitting and EnvironmentalServices (DPER) issues most licenses to businesses engaged in regulated activities.For further information on regulated business activities in unincorporated KingCounty see: http://www.kingcounty.gov/business/licenses.aspx. DPER may also becontacted at (206) 296-6600.City of SeattleBusiness License: Each business engaging in business activities in Seattle must obtainand annually renew a city business license unless the business activity is specificallyexempted from licensing and taxes. Anyone engaging in business activities withinSeattle is required to obtain a Seattle business license whether or not a place ofbusiness is maintained within city limits. A branch business license is required foreach additional venue doing business. For further information about the issuance ofcity business licenses or to obtain a business license application form, see:http://www.seattle.gov/licenses or call (206) 684-2489.Regulatory License: The city of Seattle further regulates specific business activitiesand requires entrepreneurs to obtain a City of Seattle regulatory license for eachregulated activity. Unless the business activity is specifically exempted, theentrepreneur must obtain City of Seattle regulatory license(s) in addition to the City6
business license. For further information on regulated business activities in Seattlesee: http://www.seattle.gov/business-regulationsOther information can be found here: http://bls.dor.wa.gov/citycounty.aspx andhere: /License/SeattleA supplemental resource can be found x and nu.aspx.7.Obtaining Necessary PermitsPermits: Use and Construction RegulationsA number of City agencies are charged with ensuring compliance with Cityregulations by businesses and residents. Most commercial related permits are issuedby the Department of Planning and Development (DPD), which is responsible fordeveloping, administering, and enforcing standards for land use, design,construction, and housing within city limits. However, depending on the industry andintended business activities, entrepreneurs may need to obtain permits from othercity agencies, such as the Department of Transportation (SDOT), Seattle PublicUtilities (SPU), or the Seattle Fire Department (SFD). DPD provides entrepreneurswith comprehensive information on how to obtain permits from various Citydepartments and it is essential that entrepreneurs consult with DPD early in theprocess.Available ResourcesThe Department of Planning and Development (DPD) has developed
organization information. A business plan is critical, because without a business plan, a business may fail. Most banks require a business plan prior to lending. Two critical elements of a business plan: Determining the Legal Structure of the Business Determining the form for your business will impact the organization’s tax status,
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whole numbers extend to decimals. Base-ten units Each place of a base-ten numeral represents a base-ten unit: ones, tens, tenths, hundreds, hundredths, etc. The digit in the place represents 0 to 9 of those units. Because ten like units make a unit of the next highest value, only ten digits are needed to represent any quantity in base ten.
whole numbers extend to decimals. Base-ten units Each place of a base-ten numeral represents a base-ten unit: ones, tens, tenths, hundreds, hundredths, etc. The digit in the place represents 0 to 9 of those units. Because ten like units make a unit of the next highest value, only ten digits are needed to represent any quantity in base ten.
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SUMMARY 1.1 Introduction - background information about Vedic Mathematics. 1.2 The Ten Point Circle – representing numbers on a circle. 1.3 Multiples of Ten 1.4 Deficiency from Ten – relating numbers to multiples of ten. 1.5 Mental Addition 1.6 By Addition and By Subtraction – of numbers near a multiple of ten. Vedic Mathematics is the ancient system of mathematics which was rediscovered .
