10 Steps to Starting a Business and Savings and Investments INSTRUCTIONS: You were given a list: 10 STEPS TO OPEN A BUSINESS. The following is an exam where you will match the BEST response with the statement number. Just write the NUMBER of the 10 STEPS TO OPEN A BUSINESS that you feel is related to the statement. _____ 1. It’s a roadmap for how to structure, run, and grow your new business. * 5 points This is a required question _____ 2. You want to make sure your business name isn’t already being used by someone else. * 5 points _____3. This can help you handle legal, tax, and day-to-day issues. The good news is it’s easy to set one up if you have the right registrations and paperwork ready. * 5 points 3. This can help you handle legal, tax, and day-to-day issues. The good news is it’s easy to set one up if you have the right registrations and paperwork ready. 5 points _____ 4. It’s like a social security number for your business. You’ll use your employer identification number (EIN) for important steps to start and grow your business. * 5 points _____ 5. This is one of the most important decisions you’ll make. You want your customers to be able to not only find your business but feel safe. * 5 points _____6. This will tell you if there’s an opportunity to turn your idea into a successful business. * 5 points _____7. Choosing this for your business will impact your business registration requirements, how much you pay in taxes, and your personal liability. * 5 points _____8. Your business plan will help you figure out how much money you’ll need to start your business. If you don’t have that amount on hand, you’ll need to either raise or borrow the capital. Fortunately, there are more ways than ever to find the capital you need. * 5 points _____ 9. To keep your business running smoothly by staying legally compliant, licenses and permits are needed for your business. This will vary by industry, state, location, and other factors. * 5 points _____ 10. Once you’ve picked the perfect business name, it’s time to make it legal and protect your brand. You will register with the federal government, and maybe your state government. * 5 points