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Business Planning

  1. Write a Business Plan. It will help you focus your business goals and determine if you need funding.
  2. Consider liability insurance. It is affordable and can protect personal assets in the event of a problem with your product.
  3. Determine a form for your business:
    • sole proprietorship
    • corporation
    • partnership
    • limited liability
    • subchapter(s) corporation.
  4. Register your business with the state.
  5. Get assistance from business resources:
    • state agricultural departments
    • state extension organizations
    • SBDCs
    • SCORE
    • NECFE
    • local economic development agencies.

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