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A business plan writing business makes money by selling completed business plans.
The expenses associated with starting a business plan writing business are minimal.
Writers need a computer, internet access, website and place to meet clients.
One of the greatest resources an entrepreneur can have is quality mentorship.
As you start planning your business, connect with a free business resource near you to get the help you need.
Keeping accurate and detailed accounts also greatly simplifies your annual tax filing.
Failure to acquire necessary permits and licenses can result in hefty fines, or even cause your business to be shut down.
You will need to register for a variety of state and federal taxes before you can open for business.
Recording your various expenses and sources of income is critical to understanding the financial performance of your business.
Try it for free Establishing a legal business entity such as an LLC prevents you from being personally liable if your business plan writing service is sued.
Consider using a registered agent service to help protect your privacy and stay compliant.