What You Need to Start Your Startup | Startup Checklist | Security
Congratulations! You are about to embark on an exciting journey as you begin your new company.
While you’re looking forward to the exciting parts of the startup world, we hope we’ll be able to guide you through the more detailed steps that all startup founders must go through before getting to the thick of it.
Whether you’re founding a tech company, a retail store, or a food service business, you’ll need the following:
1. BUSINESS ENTITY
Whether your business is best suited to be an LLC, a Corporation, or a sole proprietorship, you’ll need an entity separate from yourself under which to operate.
Forming a business entity will protect you and your family from any litigation, tax issues, and confidentiality as your business hopefully grows.
If you decide to form your business as any variety of LLC, you can either use a site like LegalZoom to assist you, or do it yourself through your state’s secretary of state website.
Once you have your LLC founded and your LLC’s EIN (like a social security number, but for a company), you can move on.
2. BANK ACCOUNT
Did you know that banks allow business entities to have their own accounts? Once you have an EIN, the process is simple! You can even use a referral from your current account to set up a new one.
With business bank accounts, you can perform a variety of helpful functions, including bookkeeping, individual employee credit card accounts, and discounted money transfer services.
3. PAYROLL SERVICES
Do you have employees, or will you pay employees on a full or part-time basis? The answer is most likely yes, and you’ll want to have a payroll company to help account for necessary tax withholding and such when the time comes.
Payroll services are available across a wide spectrum of media, including online portals, bank account add-ons, and physical offices and mom-and-pop shops.
4. DIGITAL VAULT – This is a big one!
Last but not least, make sure your startup is secure with the help of a secure digital vault room.
While many startups like to rely on Google or Dropbox to handle their early phases, there comes a time when a business is too big for its original container size, when you’ll have outgrown where you started.
Be ready for growth, and start your business journey with the help of a secure digital vault room, which will give you and your co-workers the ability to securely store, share, and collaborate on documents, contracts, and B2B sales.
If you ever have an interested buyer in your startup, they’ll want to see the contents of your vault room.
If you ever move to purchase insurance for your company, your use of a vault room will make your premium less expensive.
There is no end to the reasons that you need to be using a vault room over a less secure option like Google Drive or Dropbox.
So, we wish you the best of luck! | New Startup Checklist | Secure Digital Vault Rooms
You no doubt have a lot to do over the next few weeks, and we at VaultRooms.com wish you the very best. When it comes time to allocate your information in a safe, accessible, and secure place, come back and check out our array of business products.
Vault Rooms has served private equity firms, investment bankers, accountants, banks, brokers, and more, for the past 13 years. Vault Rooms leads the industry in ensuring businesses both large and small are able to continue running in both times of national crisis and times of wellbeing. Invest in your company’s future by investing in your company’s present.
In the same way that you install a house alarm to stave off burglary, trust Vault Rooms to be that security sign in your front yard. Once a criminal realizes we’re on your side, they’ll go find somebody else. It’s not worth their trouble, because you’ve taken the time to do things right.
