Do you have an entrepreneurial spirit with a flair for luxury? A limosuine service may be just the right opportunity for you. But starting a limo business takes more than just printing a business card. Here are 7 steps to follow to get your own linousine service up and running.
- Write a Business Plan: defining your goals and having a plan to achieve them is always the first step.
- Register Your Business: each state has its own process for you to follow in order to register your business as a corporation or LLC .
- Prepare for Taxes: file the paperwork to obtain an Employer Identification Number.
- Open a Business Bank Account: once your registrations are complete, chose a bank to open commerical accounts for your company.
- Set up Accounting: many software programs are available to help you keep you own books; alternatively, hire a bookkeeper to help you.
- Get the Necessary Permits & Licenses: your city or county clerk can help you determine which permits and licenses you need to operate legally.
- Purchase Insurance: contact your trusted insurance professional andbe sure that you are fully covered in case of accident or injury.
It’s time to find your first client and officially launch your business. By following these seven steps you are prepared for success.