SAVE THE DATE: Tuesday, May 16, 2023
Time: 10:00 am – 12:00 pm EST
Registration NOW OPEN!
If you are an entrepreneur with a business idea, you probably are looking for where to begin to build the foundation of your business, right? The NJSBDC at NJCU School of Business can assist you in navigating the process of developing, organizing, and running a new business!
Congratulations, you have decided to begin your small business journey! Small and medium businesses are the engines of our economy! Small businesses account for virtually all new job creation in the US and create over 66% of net new jobs! Entrepreneurs account for 44% of total US economic activity and bring careers and opportunities into our local community through paychecks and taxes, which improve local public services and support the creation of new small businesses. They draw innovation, attract talent, and bring inventions and solutions to their surrounding communities.
In our 2-hour Bootcamp, we will cover a list of topics you will need to research in advance. We will cover the topics and give you resources to research these topics. They include:
—Legal Business Structure – What to consider when choosing a business structure
—Registering your business at the Federal Level with the IRS for an EIN
—Registering your business at the NJ State level
—NJ Business Certification Process for Small Business Enterprise; Minority/Woman Owned Business Enterprise; and Veteran/Disabled Veteran Owned Business Enterprise.
—NJ Business Tax topics: List of tax topics to discuss with your CPA
—Insurance topics: List of Insurance topics to discuss with your Business Insurance Agent
—Lending topics: We will go over a potential list of lending institutions you can contact
—Government Procurement: Links for you to follow up research for government contracting
—Grants: Links for you to follow up to research grants
—NJ Annual Report for Businesses
—NJ Entrepreneur Resources List
—IRS Recordkeeping requirements: IRS Publication 583: Starting a Business and Keeping Records
—IRS Expenses requirements: IRS Publication 535: Business Expenses
……….and much more