New SBA program: Startup in a Day
It seems like there are great news coming in the near future for US entrepreneurs. The Small Business Administration just launched a new program: Startup in a Day. The objective is to make it easier for entrepreneurs to register a business, meet local regulations, and obtain applicable licenses; all in one day, all in one site. The SBA has encouraged cities and Native American communities across the United States to participate.
This is certainly an excellent initiative. From our own experience, it took us a few days to complete several basic steps including name search, registration at the State level, registration at the Federal level, obtain franchise tax contributor number, then register for sales and use tax, and more. It sounds too good to be true; to be able to do all this in one day, in one website, but all seems to indicate that this will soon be a reality. As of June 28 eleven cities have pledged to this initiative.
For more information visit the SBA website, Start-up in a Day
